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 …
The Corporate Transparency Act (CTA) mandates that millions of entities report their beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN), including all new entities formed in 2024 and beyond. …
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 …
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 …
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, …
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 …
