IRS Increases Standard Mileage Rate for 2025

IRS Increases Standard Mileage Rate for 2025

Starting January 1, 2025, the IRS will implement a new standard mileage rate for business-related car use. This change is in response to rising vehicle operation costs and is intended to compensate for business travel expenses fairly. The IRS still endorses the fixed...
SECURE 2.0 Act: Impacts on W-2 Reporting

SECURE 2.0 Act: Impacts on W-2 Reporting

The IRS reminds businesses that changes from the SECURE 2.0 Act will affect how Forms W-2 (including W-2AS, W-2GU, and W-2VI) are completed. These changes reflect new provisions related to employer retirement plans, which are designed to promote increased...

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