HR PEO Blog
Friday, 15 December 2017 10:25

IRS Business Mileage Rate Increased for 2018

On December 14, 2017, the Internal Revenue Service announced that the standard mileage rates for business will be increased for 2018.

 

For the year 2018, the optional standard mileage rate will be 54.5 cents per mile. Taxpayers have the option of using the optional standard mileage rate to calculate deductible costs of operating an automobile for business purposes.

 

The rate for computing the deductible medical or moving costs have also increased to 18 cents per mile, however the rate for providing services for charitable organizations has remained unchanged at 14 cents per mile. For further information you can go to the IRS announcement at: https://www.irs.gov/newsroom/standard-mileage-rates-for-2018-up-from-rates-for-2017

Published in IRS
Wednesday, 15 October 2008 18:00

One Simple Answer: STAFFSCAPES

Sign up with StaffScapes today for full service payroll solutions and no service fees.

Take a Break from Payroll Paperwork.

Spend less time managing your payroll with Staffscapes. We relieve your company of the many burdens presented by the “business of employment”. We provide you extra time and freedom that is needed so you can grow and succeed in your business. StaffScapes, Inc. can be your simple answer to all your HR, Payroll, and Employee related requirements.

Take the Staffscapes challenge by calling today (303-466-7864).

Thursday October 2nd, labor and business leaders came to an agreement to pull four anti-business amendments from the ballot.

With only a few hours left, before a 5pm deadline, labor and business leaders delivered letters to the Colorado Secretary of State withdrawing four amendments that would have negatively affected Colorado’s economy. To get the labor leaders to drop four anti-business amendments, business leaders had to promise to raise $3 million for labor campaigns for use in fighting three anti-union amendments on the ballot. The four anti-business amendments will still appear on the ballots however the votes will not be counted toward passing these new measures.

The Small Business Administration has recently updated their free online training courses.

The Small Business Administration (SBA) is a great resource for any small businesses across America. The SBA “was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation”. The SBA continues to help Americans start, build and grow businesses through a network of field offices and partnerships with public and private organizations.

Part of the SBA is the Small Business Training Network (SBTN).  The SBTN provides online training for prospective and existing business owners.  The already wide range of online training through the SBTN has just been increased to include courses on “Loan Packages” and “Loan Guaranty Programs”.  To view a listing of SBTN’s free online courses go to https://www.sba.gov/tools/sba-learning-center/search/training.

Tuesday, 24 June 2008 18:00

IRS Increases Mileage Rate

On June 23, 2008, the Internal Revenue Service announced an increase to the optional standard mileage rates.

For the last half of 2008, the optional standard mileage rate will increase from 50.5 cents to 58.5 cents per mile. Taxpayers have the option of using the optional standard mileage rate to calculate deductible costs of operating an automobile for business purposes.

The rate for computing the deductible medical or moving costs have also increased by 8 cents to 27 cents per mile, however the rate for providing services for charitable organizations has remained unchanged at 14 cents per mile. For further information you can go to the IRS announcement at: https://www.irs.gov/pub/irs-drop/a-08-63.pdf.

StaffScapes review of the devastating labor initiatives on the November Ballot.

Initiative #76 would eliminate “at will” employment in Colorado, prohibiting employers from firing or suspending full-time employees except for reasons defined in the amendment as “just cause”.  The term “just cause” includes: incompetence; substandard performance; neglect of job duties; repeated violations of an employer’s written policies and procedures; gross insubordination; employer bankruptcy; and documented adverse economic circumstances. This initiative would allow the terminated employee to sue the employer, challenging the firing or suspension. The court may order the employee to be reinstated and awarded back wages, damages and legal fees.

Listed below is the potential impact of initiative #76:

Ø      Current state and federal laws already limit at-will employment and protect employees from being terminated for reasons for discriminatory reasons such as race, sex, religion and age.

Ø      Imposing constitutional restrictions on businesses will increase administrative and litigation costs, hurting our local businesses and economy

Ø      Initiative 76 will prevent businesses from making basic financial decisions such as reorganization, automating operations and reducing unnecessary employment

Ø      Initiative 76 requires “binding arbitration” making the decision final without ability to appeal

Ø      New business may be reluctant to relocate to Colorado or may force existing businesses to move outside of Colorado

Ø      The estimate of fiscal impact shows an increase of government spending from this initiative of $1.3 million based on roughly 3,750 lawsuits being brought (which this writer believes is underestimated)

Should a business be forced to continue employing someone who has a major personality conflict and brings down the motivation and enjoyment of the entire organization? Do you want to be forced to continue to work with a co-worker such as this? Will you be comfortable working next to this disgruntled co-worker after reinstatement? How would you feel if your employer went out of business due to frivolous lawsuits from this initiative?

If the organized labor initiatives are successfully passed this November, our state’s economic growth will be dramatically stunted for years to come. Please check future editions of our blog to view the other initiatives that can have a devastating impact to Colorado.

Sources: Tomlinson & Associates; Economic Development Council of Colorado

Published in Termination

StaffScapes review of the devastating labor initiatives on the November Ballot.

Initiative #74 would “hold a business executive criminally responsible for the business’s failure to perform a duty required by law if the official knew of the duty and the failure to perform it.” The term executive extends to partners, officers, directors, managers, proprietors, supervisors and includes executives of non-profits and home owner associations. This initiative would extend criminal accountability to business executives who were aware of their business’s failure to perform a legal duty.

Listed below is the potential impact of initiative #74:

Ø      Current state and federal laws already hold business executives accountable with recent federal laws strengthening criminal and civil penalties for executives who commit fraud.

Ø      Initiative 74 does not require the party bringing the suit to have legal standing, allowing politically-motivated or frivolous charges to be brought against business executives.

Ø      Initiative 74 also allows the plaintiff’s attorney fees to be reimbursed if successful but does not extend that to the executive defending the suit.

Ø      Extending the definition of an executive down to manager level can hinder recruitment of employee talent.

Ø      Community leaders and volunteers may be reluctant to serve on nonprofit boards and home owner associations due to fear of prosecution.

Ø      Initiative 74 creates a way to avoid accountability by creating an immunity loop-hole for executives who report knowledge of their business’s failure to comply with the law.

Should your son or daughter, working as a shift-manager at a local fast food restaurant, face criminal prosecution for a hair on a french fry? Do you think a teenage supervisor at your city’s recreation center should be imprisoned for the pool’s chlorine level being slightly too low? Should you have criminal liability for volunteering on your home owners association? Do you want political organizations to be able to threaten criminal lawsuits against individuals employed by companies that they do not like?

If the organized labor initiatives are successfully passed this November, our state’s economic growth will be dramatically stunted for years to come. Please check future editions of our blog to view the other initiatives that can have a devastating impact to Colorado.

Sources: Tomlinson & Associates; Economic Development Council of Colorado

Published in Liability

Several labor law initiatives heat up Colorado’s ballot in November.

The 2008 general election ballot will have a battle between organized labor and business interests competing to get ballot initiatives passed for their side. The battle began when business interests, led by Jonathan Coors, filed a “Right to Work” initiative. Organized labor then filed offsetting initiatives, four of which would be economically devastating to Colorado. These four initiatives, discussed in greater length in later blogs, include; Initiative 74- Criminal Accountability for Business Executives, Initiative 76- Allowable Reasons for Employee Discharge or Suspension, Initiative 92- Employer Responsibility for Health Insurance, and Initiative 93- Additional Remedies for an Unsafe and Unhealthy Workplace. 

Major Colorado leaders representing both sides, including Governor Ritter, Senator Salazar, Denver Chamber of Commerce CEO Joe Blake and MDEDC Executive VP Tom Clark, have unsuccessfully made efforts to get all of the initiatives removed. If voters do not take the time and effort to understand the effects of these initiatives, they will be passed and dramatically stunt our state’s economic growth.

Published in Labor Laws/ Compliance
Sunday, 30 November 2008 17:00

IRS Reduces Mileage Rate for 2009

On November 24, 2008, the Internal Revenue Service announced a reduction to the optional standard mileage rates for 2009.

 For the year 2009, the optional standard mileage rate will reduce from 58.5 cents to 55 cents per mile. Taxpayers have the option of using the optional standard mileage rate to calculate deductible costs of operating an automobile for business purposes.

The rate for computing the deductible medical or moving costs have also reduced 24 cents per mile, however the rate for providing services for charitable organizations has remained unchanged at 14 cents per mile. For further information you can go to the IRS announcement at: http://www.irs.gov/newsroom/article/0,,id=200505,00.html

Published in IRS

On December 12, 2011, the Internal Revenue Service announced that the standard mileage rates for business will remain unchanged from the mid-year adjustment for 2012.

For the year 2012, the optional standard mileage rate will stay 55.5 cents per mile. Taxpayers have the option of using the optional standard mileage rate to calculate deductible costs of operating an automobile for business purposes.

The rate for computing the deductible medical or moving costs have also reduced to 23 cents per mile, however the rate for providing services for charitable organizations has remained unchanged at 14 cents per mile. For further information you can review the IRS announcement here.

Page 1 of 2