January highlights from The MWE Advisor: The deductible mileage rate for business driving goes down in 2020; Five new payroll rules coming in 2020.
The Deductible Mileage Rate for Business Driving Decreases for 2020
The IRS has announced the amounts that taxpayers can deduct for business, medical, moving and charitable purposes for 2020. Lower gas prices have affected the business and medical amounts. This article reveals what you can write off for 2020 if you use the cents-per-mile method, as well as what Americans are paying for regular unleaded gas these days. Read More
Five Payroll Tax Developments for 2020
The new year has arrived, and along with it, comes some new payroll tax developments. There have been major changes made to Form W-4, the federal withholding computations and overtime rules, as well as unemployment tax and minimum wages in some states. This article provides a brief rundown of five highlights. Read More