Focuses on the Economic Growth and Tax Relief Reconciliation Act of 2001 in the U.S. which gives employees savings and investment opportunities as of April 2001. Provisions for retirement savings; Opportunities related to marriage, parenting and education....
With this date getting closer each day, you may wonder how your federal tax bill will be affected in 2026. The answer isn’t clear because the outcome of this November’s presidential and congressional elections is expected to affect the fate of many expiring provisions. A new political lands...
As a result of an increase in Canada’s federal carbon tax, onerecent Globe and Mail storysays that residents of Canada who use personal vehicles as transportation “will pay 17.6 cents a litre of gasoline in fuel charges in 2024. [This represents an increase of] about 3...
AN APPROVED IRS E- FILE PROVIDER AND MEMBER OF NATIONAL ASSOCIATION OF TAX PROFESSIONALS (NATP) Taxes personal, business, non-exempt return Today's tax laws are so complicated that filing a relatively simple return can be confusing. It's just too easy to overlook deductions and credits to...
There are over 500 new laws that take effect on January 1, 2024, in the state of Illinois. Here are some of the things that will be banned next year.
Rachel Blakely-Gray | May 08, 2024 You don’t file Form W-4 with the IRS, but your payroll depends on it. Employers use Form W-4 to determine how much to withhold from an employee’s gross wages for federal income tax. How familiar are you with the new W-4 form for 2024?Don’...
Minimum wage and tax rate changes The new year brings a variety of new laws on taxes and wages — perennial issues for state governments. More than 20 states will raise minimum wages for workers, further widening the gap between state requirements and the federal minimum, which has been static...
2024 New overtime rule The Fair Labor Standards Act (FLSA) is a federal law that establishes overtime pay eligibility, alongside minimum wage, recordkeeping requirements, and child labor laws. Employers must follow the FLSA to determine whether employees are exempt from overtime. Overtime is ...
Here is a look at some of the new laws Californians face: LEAVE FOR REPRODUCTIVE LOSS A new law taking effect in 2024 will ensure California workers are giventime off for reproductive loss. Under the new law, California companies with five or more employees will be required to provi...
Updates to 2024 Federal Taxes IRS has updated tax brackets for 2024. See how this affects your first paycheck this year! More insights Payroll made easy An easy, time-saving payroll solution for your small business. Unlimited employees and payroll runs Forms 940, 941 and W-2 Low annual price...