NEW OVERTIME RULES ON HOLD!!!!!
A federal judge issued an injunction last week preventing the December 1st application of a new salary threshold that would have made millions of more workers eligible for overtime pay, including nonministerial church employees who meet certain standards.
The injunction puts the change on hold until the judge has made a decision. Some are contemplating the new application most likely won’t last, but the outcome remains uncertain. The current threshold for the “white-collar exemption” of $455 per week, or $23,660 per year, will stay in affect for now.
The Affordable Care ACT
- URGENT!!!! PLEASE READ!
The Affordable Care Act made many changes to the health care environment in our country. One of the little talked about issues was the $100 per day per employee penalty for businesses and not for profit organizations providing health care reimbursement to their employees……
The Affordable Care Act
- NOTICE! PLEASE READ!
The IRS changed some standard mileage rates on December 17, 2015. The optional standard mileage rates for business use of a vehicle will go down in 2016. If you are using a car, van, pickup truck, or panel truck, the rate will be 54 cents per mile, instead of 57.5 cents per mile. Taxpayers can use the optional standard mileage rates to calculate the deductible cost of operating a vehicle.
Driving for medical or moving purposes may be deducted at 19 cents per mile, which is 4 cents lower than 2015.
The rate for service to a charitable organization is unchanged. It is still 14 cents per mile.
If you have and questions please call the office at 401-247-3084
- These are Notes from Barbara Holmes Desk Regarding Tax Changes for Businesses and Individuals That May Apply to YOU!
Here are some suggested resources: