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401K Contribution Limits for 2015

401K Contribution Limits for 2015

Nov 24, 2014 | GTM Business Blog HCM

According to the IRS, many pension plan limitations will change for 2015 because the increase in cost-of-living met the statutory thresholds that trigger their adjustment. The 401K contribution limits for 2015 that participants can elect to contribute on a tax...
Final Tangible Property Repair Regulations

Final Tangible Property Repair Regulations

Jul 31, 2014 | Consulting Services

Late last year, the IRS issued final tangible property repair regulations. This affects businesses that have made repairs or improvements to tangible property, such as buildings, machinery, equipment and vehicles. Key changes: Costs incurred to acquire, produce or...
Medicare Surtax for High-Income Employees

Medicare Surtax for High-Income Employees

Jun 23, 2014 | GTM Business Blog isolved

Since the beginning of last year, employers have been required to withhold an additional nine-tenths of a percent for the Medicare surtax for high-income employees. The rules are somewhat complicated, so the IRS recently updated its frequently-asked questions on how...
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