Beginning Jan. 1, the IRS increased the standard mileage rate to 67 cents from 65.5 cents used to calculate the deductible costs of operating an automobile for business.
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The 2024 401(k) and Simple IRA Contribution limits were announced last week and are as listed below;
Any 2024 401(k) and Simple IRA communications should be updated as well confirming the payroll system will have the appropriate limits set up in the system for 2024. To see more details; go to; 401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000 | Internal Revenue Service (irs.gov) While the Texas Legislature passed several bills effective September 1st, below are a few that employers need to know;
All Texas private employers are subject to the Texas Payday law. As a refresher, some key requirements of the law include;
Ch. 821 Texas Payday Rules texas-payday-law-poster-twc.pdf For help or questions, please reach out to info@humanresourcesolutionsllc.com |
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