Jul 16, 2024 | Industry News, Regulatory Updates, Small Business Resources
IRS Enters Next Stage of Employee Retention Credit Work The IRS is intensifying its efforts to scrutinize claims for the Employee Retention Credit (ERC), as recent evaluations reveal a high likelihood of improper claims. The review showed that a significant portion...
Feb 8, 2024 | Industry News, Regulatory Updates, Small Business Resources
On January 10, 2024, the U.S. Department of Labor published a final rule, effective March 11, 2024, revising the Department’s guidance on how to analyze who is an employee or independent contractor under the Fair Labor Standards Act (FLSA).  This final rule rescinds...
Nov 15, 2023 | Industry News, Regulatory Updates, Retirement Services, Small Business Resources
IRS Updates Retirement Account Limits 401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000 The Internal Revenue Service announced November 1st, 2023 that the amount individuals can contribute to their 401(k) plans in 2024 has increased to...
May 25, 2023 | Industry News
Not all third-party payroll service providers are created equal. A trusted, qualified company can help keep businesses secure and tax compliant. Businesses can help protect themselves by hiring an Authorized IRS e-file Provider. This is a third-party payroll service...
Jan 12, 2023 | Industry News
At the end of December 2022, the Internal Revenue Service issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2023, the standard...
Oct 11, 2022 | Human Resources, Industry News, Small Business Resources
Per the IRS, Florida victims of Hurricane Ian now have until February 15, 2023, to file various federal, individual or business tax returns and make payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). This...
