IRS announces adjustments to tax brackets and retirement plan contributions
— January 5, 2024The start of 2024 brings financial changes for employers and employees nationwide, including Internal
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Small-business groups back bill to redirect IRS funds in Inflation Reduction Act
— December 8, 2022Forty-five national small business organizations expressed support for a new bill that intends to offer
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IRS increases 2023 retirement contribution limits ahead of Nov. 1 401(k) deadline
— October 26, 2022The Internal Revenue Service has increased the amount individuals can contribute to their 401(k) plans
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Employers have until November 1 consider switching from SIMPLE IRA plan to 401(k)
— September 23, 2022Shop owners who offer a SIMPLE IRA retirement savings plan have until Nov. 1 to decide whether a switch
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Maryland body shop owners sentenced to prison for conspiracy over tax fraud
— July 11, 2022The husband-and-wife owners of a Maryland collision repair shop have been sentenced to a year in prison
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IRS backlog leaves small businesses waiting for payroll tax credit
— April 5, 2022The Internal Revenue Service has been working to clear a backlog that has left employers waiting as much
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Maryland auto body shop owners to pay $2.2M in restitution after hiding $6.6M in income
— February 8, 2022The husband-and-wife owners of a Maryland collision repair shop have been ordered to pay more than $2.2
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Despite misconceptions, body shops may have ‘excellent’ chance at payroll tax credit
— November 24, 2021Collision repair shop owners and managers should not let common misconceptions keep them from seeking
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