Congress recently passed, and the President signed into law, the SECURE Act, landmark legislation that affects the rules for developing and maintaining employer-provided retirement plans. Whether your business currently provides your employees a retirement plan, or are planning to do so, you should consider how these new rules may affect your current retirement plan (or…

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The IRS released optional standard mileage rates for 2020, which may be used to calculate deductible costs for operating an automobile. This includes cars, vans, pickup trucks and panel trucks. Beginning January 1, 2020, the standard mileage rates are: 5 cents per mile for business use 17 cents per mile for medical use 14 cents…

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