2023 Tax Season Survival Guide
It’s tax season, and it’s a great time to get help! The beginning of the year can be a busy time for small businesses, and finding the time to prepare …
New Colorado Laws Impacting Business Owners and Individuals
Effective January 1, 2024, several Colorado laws were ushered in, including minimum wage increases and changes to paid leave. Minimum Wage Colorado’s minimum wage was boosted to $14.42 per hour, an …
Get Ready To File Your Taxes in 2024
The beginning of the new year is the time for taxpayers to gather documents for filing their 2023 returns. The IRS has announced some important enhancements taxpayers should be aware …
IRS Changes Mileage Rates 2024
According to an IRS statement, starting in 2024, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be: These rates apply to …
The 1099 Story: Which Version Should You Be Using?
As each calendar year draws to a close, many businesses have to think about their tax filing responsibilities. It can be confusing to figure out which forms to send out, …
Payroll Tax Rates and Contribution Limits for 2024
Below are federal payroll tax rates and benefits contribution limits for 2024. Social Security Tax In 2024, the Social Security tax rate is 6.2% for employers and employees, unchanged from 2023. The …