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What are the Employee Benefit Plan Limits for 2025?
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...
Employee or Independent Contractor? How to Make an Accurate Worker Classification
Hiring an independent contractor offers employers many advantages. Employers do not pay taxes on independent contractors’ wages, nor are they expected to provide benefits as they must with traditional employees. Employers often save 30 to 40 percent on labor costs by...
7 Warning Signs an ERC Claim is Incorrect
To help small businesses looking to resolve incorrect claims, the IRS recently published special warning signs that an Employee Retention Credit (ERC) claim may be questionable or incorrect. With the March 22, 2024 deadline approaching for the ERC Voluntary Disclosure...
