by Anne Angera | Feb 7, 2025 | Resources For Employers, Resources For Individual Taxpayers
President Trump and the Republican Congress plan to act swiftly to make broad changes to the United States — including its federal tax system. Congress is already working on legislation that would extend and expand provisions of the sweeping Tax Cuts and Jobs Act...
by Anne Angera | Feb 5, 2025 | Resources For Employers, Resources For Individual Taxpayers
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible cost of operating an automobile for business has also gone up. The IRS recently announced that the 2025 cents-per-mile...
by Anne Angera | Feb 5, 2025 | Resources For Employers
In April 2024, the U.S. Department of Labor (DOL) announced it was rolling out a new final rule on eligibility for overtime pay. The move prompted mixed reactions from observers, much concern among employers and, inevitably, legal challenges from its staunchest...
by Anne Angera | Dec 6, 2024 | Resources For Employers, Resources For Individual Taxpayers
A federal district court judge has struck down the Biden administration’s new rule regarding the salary threshold for determining whether certain employees are exempt from federal overtime pay requirements. The first phase of the rule took effect for most employers in...
by Anne Angera | Oct 30, 2024 | Resources For Employers
Managing daily accounting operations with limited time and resources is a common challenge for businesses. Improving efficiency not only alleviates the pressure of an overwhelming task load but also ensures that the most valuable information is available for...
by Anne Angera | Oct 4, 2024 | Resources For Employers, Resources For Individual Taxpayers
Early voting for the 2024 election has already kicked off in some states, but voters are still seeking additional information on the candidates’ platforms, including their tax proposals. The details can be hard to come by — and additional proposals continue to emerge...
