Monthly Archives: October, 2016

1. 401K Contribution Standards Remain Unchanged for 2017

   The IRS recently released Notice 2016-62, which lists the new limitations on various benefits and contributions for 2017.

2. IRS Expands Its Search For Tax Evaders

   As the world’s largest tax haven, it is no surprise that, up until now, the IRS has been focusing its search for offshore tax avoiders primarily on Switzerland.

3. New IRS Rates for Business Traveling Expenses

   Does your business require you to travel away from home? Are you the one who double checks to make sure you obtain every receipt for every expense paid during your business trips? Then you should be relieved to hear that the IRS has updated its per diem (daily allowance) rates for the expenses you incur…

4. Changes to Overtime Rules Effective December 1st

   As of December 1, 2016, new rules will be used to determine and regulate the overtime pay of employees covered by the Fair Labor Standards Act (FLSA).