Global Mobility

IRS Announces 2021 Mileage Rates

12.22.2020 | Today the IRS announced the 2021 mileage rates. The business mileage rate has been lowered from $0.575/mile in 2020 to $0.56/mile in 2021. The final move deductible rate has also been lowered from $0.17/mile in 2020 to $0.16/mile…

6 Checkups to Avoid Year-End Tax Headaches

11.24.2020 | If you check these six things now, you’ll be doing your future self a favor. Tax errors are sometimes discovered only after year-end calculations are completed and employees have received their W-2s. It’s frustrating to find and time…

IRS Releases Inflation Adjustments for 2021

10.26.2020 | 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 2020-45. The tax year 2021 adjustments are generally used on…

2021 FICA Wage Base Announced

10.14.2020 | The Social Security Administration just announced the new FICA wage base for 2021. The threshold will increase from $137,700 to $142,800 in 2021, an increase of 3.7%. The OASDI rate of 6.2%, as well as the Medicare threshold…

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