May 12, 2025 | Consulting Services
A recent article in the Times Union discussed a class action settlement for a fuel cell producer, in which the company paid $600,000 to settle the lawsuit over employee misclassification. The suit was brought by former employees who were misclassified as “exempt” and...
Mar 3, 2025 | GTM Business Blog isolved
Your browser does not support the audio element. No business wants to receive an audit notice from the IRS. While some audits are random, many are triggered by inconsistencies, red flags, or errors in tax filings. By following best practices in tax compliance and...
Dec 30, 2024 | GTM Business Blog isolved
Your browser does not support the audio element. On Dec. 19, 2024, the IRS announced the 2025 optional standard mileage rates, which are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The 2025...
Nov 13, 2024 | GTM Business Blog isolved
The IRS has released Notice 2024-80, containing cost-of-living adjustments for 2025 that affect the limits employees can contribute to 401(k) plans and individual retirement accounts (IRAs). Key Changes for 2025 Retirement Plans The employee contribution limit for...
Nov 6, 2024 | GTM Business Blog isolved
Your browser does not support the audio element. Many employee benefit plans are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The following commonly offered employee benefits are subject to these limits in 2025:High deductible...
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