Author: Margie Reed

IR-2021-251, Dec. 17, 2021 WASHINGTON — The Internal Revenue Service today issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2022, the standard mileage rates for the use...

Heads up, employers. Just as we thought the COVID-19 pandemic was turning a corner, mask mandates are making a comeback. Eight states have recently announced all are required to wear masks indoors, regardless of vaccination status. Those states are: California Hawaii Illinois Nevada New Mexico New York Oregon, and Washington Puerto Rico also has a...

While ministers are employees for federal income tax reporting purposes, they are self-employed for Social Security purposes with respect to services they perform in the exercise of their ministry. This means that they must pay both the employee and the employer share of social security tax...

If you have hourly workers, your organization may be leaking cash unnecessarily. We're talking about time theft. It can be just as expensive as employees stealing merchandise. Time Theft Is Widespread Among Hourly Workers Time theft comes in many flavors. One flavor is hours padding. Many...

Required Minimum Distributions (RMDs) are minimum amounts that you must withdraw from your IRA or retirement plan account each year after you reach age 72 (70 ½ if you reach 70 ½ before Jan. 1, 2020). In a workplace retirement plan, you can delay taking...

Like other corporate entities, churches encounter business activities that must be completed just before, or soon after, the end of the calendar year. Now is the time to make plans for these various tasks. The questions that follow can be used as a checklist for...

If you need to know if employees are working at the correct location, you need geofencing. What is Geofencing? Geofencing is a mobile tracking tool that can specify a virtual boundary. The virtual boundary is called a geofence. It is based on the real-life physical location. The Geofence...