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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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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9.09.2021 | The Covid-19 pandemic helped cause a shift in the global workplace with more employees working remotely. More people are expected to keep working from home following the pandemic. It is estimated that 25-30% of the U.S. workforce will…
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