12.20.2021 | Last week, the IRS announced the 2022 mileage rates. The business mileage rate is increasing by 2.5 cents, from $0.56/mile in 2021 to $0.585/mile in 2022. The final move deductible rate is also increasing by 2 cents, from…
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11.12.2021 | The IRS announced annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. The adjustments were announced in Revenue Procedure 2021-45. The tax year 2022 adjustments are generally used on…
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11.01.2021 | The pandemic shook up the global workplace, making remote work the new normal. This shift expanded the job market for candidates, as jobs are not necessarily dependent on location. Despite the pandemic, 1 in 5 workers voluntarily changed…
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10.15.2021 | The Social Security Administration just announced the new FICA wage base for 2022. The threshold will increase from $142,800 to $147,000 in 2022, an increase of 2.9%. The OASDI rate of 6.2%, as well as the Medicare threshold…
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