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The SECURE 2.0 Act and How it Could Affect Your Business
IRS Releases Comprehensive Guidance on Various SECURE 2.0 Act Provisions On Dec. 20, 2023, the IRS issued Notice 2024-2, providing guidance in the form of questions and answers with respect to various provisions of the legislation known as the “SECURE 2.0” Act. SECURE...
Here are the 2024 Employee Benefit Plan Limits
Each year in the fall, the IRS announces new employee benefit plan limits for several types of benefits that have maximums subject to annual indexing. You can find the full list of the latest released amounts for 2024 in IRS Revenue Procedure 2023-34, but we’ve...
The 2023 Standard Mileage Rates Have Been Announced
On Dec. 29, 2022, the IRS announced the 2023 optional standard mileage rates, which calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. The 2023 standard mileage rates for the use of a car (also vans,...
