IRS Establishes Mileage Rates for 2023

New Law Ushers in Major Retirement Changes

The IRS has issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. In a statement issued on Dec. 29, the IRS said that beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, … Read more

New Law Ushers in Major Retirement Changes

New Law Ushers in Major Retirement Changes

There’s been buzz about new retirement plan provisions for weeks, and now they’re final, bringing about changes to various federal rules and adding flexibility for current and future retirees. The Secure 2.0 Act of 2022, part of the Consolidated Appropriations Act of 2023, includes the following modifications, some of which are immediate, and others that … Read more

Should You Reimburse Employees For Home Office Expenses?

Should You Reimburse Staff For A Home Office?

What challenges have your employees been facing, and how can you offer the solutions they need? Deciding on a home office reimbursement policy or a home office setup stipend can be the difference between successful work-at-home policies and dysfunction, disgruntlement and maybe even lawsuits. When the sudden retreat to homes for work occurred, employees had … Read more

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