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Showing posts from January, 2020

2020 Tax Rates and Limits

We have provided a summary listing the Tax Rates and Limits in effect for 2020. The list includes payroll tax limits, the standard mileage rate as well as other limits. 2020 Rates and Limits Please contact us for additional information

2019 Automobile Rules Bulletin

The taxable income resulting from the personal use of automobiles provided by an employer is computed by the employer using guidelines established in the Internal Revenue Service regulations and must be reported on a Form W-2, Employee Wage and Tax Statement. This information is required to enable the employees to prepare their individual tax returns. The employee is to receive a Form W-2 no later than January 31, 2020. Please follow this link for our  2019 Automobile Rules Bulletin Please contact us for additional information