The IRS has released the 2018 withholding tables (IRS Notice 1036). The tables should be used as soon as possible, but not starting later than February 15, 2018. Until implemented, the IRS recommends continuing to use 2017 tables. As for the Federal…
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The biggest change affecting our industry is the elimination of the exclusion/deduction for moving expenses such as the shipment of household goods, storage, and final move costs except for military moves. For companies that gross up for taxable reimbursements, this will…
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12.14.17 | Today the IRS announced the 2018 mileage rates. The business mileage rate has been increased from $0.535/mile in 2017 to $0.545/mile in 2018. The final move deductible rate has also been increased from $0.17/mile in 2017 to $0.18/mile in 2018….
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While tax reform is still being debated and nothing has been finalized, we’ll take a closer look at the differences between the House’s original bill passed on November 16 and the Senate’s version passed on December 2. Congress has begun…
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