518-373-4111
2018 Pension Plan and Retirement Plan Limits
The IRS recently announced 2018 pension plan and retirement plan limits. For employees with 401(k), 403(b), and most 457 retirement plans, the contribution limit will increase from $18,000 to $18,500. This increase also affects the government’s Thrift Savings...
One Person: Both Employee and Independent Contractor?
Can one person be both an employee and an independent contractor? According to IRS guidelines, it is possible to have a W-2 employee who also performs work as a 1099 independent contractor so long as the individual is performing completely different duties that would...
New IRS Per Diem Rates for 2017-2018
New IRS per diem rates for 2017-2018 were recently announced, impacting business travelers who incur expenses on the road. The new rates are effective from October 1, 2017 through September 30, 2018 and include rates for transportation industry meals and incidental...
