IRS Announces Mileage Rates for 2022

IRS Announces Mileage Rates for 2022

The IRS has 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 of a car (also vans,...
IRS Offers Guidance on ERC

IRS Offers Guidance on ERC

The IRS has issued guidance for employers regarding the retroactive termination of the Employee Retention Credit. The Employee Retention Credit now applies only to wages paid before October 1, 2021, unless the employer is a recovery startup business. This guidance can...
DOL Withdraws Independent Contractor Rule

DOL Withdraws Independent Contractor Rule

In May 2021, the Department of Labor withdrew the “Independent Contractor Status Under the Fair Labor Standards Act” final rule. According to the Society for Human Resource Management, “The DOL has traditionally analyzed a number of factors to consider whether a...