The Department of Labor announced a final rule on independent contractors in January. The new ruling is expected to make it more difficult to classify workers as independent contractors. It introduces a new standard using a totality-of-the-circumstances analysis of the economic reality test to determine if the worker is in business for themselves. Fair Labor... Read more »
Month: February 2024
Recent State And Fed Payroll Tax Changes For First Quarter 2024
IRS Issues Standard Mileage Rates For 2024; Mileage Rate Increases To 67 Cents A Mile WASHINGTON — The Internal Revenue Service issued the 2024 optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning on Jan. 1st of this year, the standard mileage rates... Read more »
IRS Releases the 2024 Version Of The Final Forms W-4
The IRS released the 2024 Form W-4, Employee’s Withholding Certificate, with few changes. Instructions for using the IRS’s tax withholding estimator when figuring withholding for multiple jobs, which were removed in the 2023 version, have been added back to the form. The amounts in the tax tables for use with the Multiple Jobs Worksheet have... Read more »
New Horizons Ahead: The Same Great Solution You’ve Come to Trust with Even Greater Opportunities Ahead
We have exciting news to share with our valued customers. Aatrix Software has recently been acquired by Sovos, a global provider of tax, compliance, and trust solutions and services. Our two businesses have extensive experience and expertise in helping small and medium-sized businesses navigate the complexity of tax and regulatory compliance. This acquisition will enable... Read more »
