There have been numerous changes to the tax rules surrounding retirement plans in the last few years. One in particular, which is effective in 2025, has flown under the radar. It is sometimes called the “super” catch-up contribution, and it's only available to workers age 60 to 63.
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Despite the critical role small- and medium-sized businesses play in the U.S. economy, many are fighting to stay afloat as they battle rising costs, uncertainty around tariffs and hidden fees that drain billions from their bottom lines each year.
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If you don’t have a fleet of company vehicles and employees are driving their own vehicles on your business’s behalf – making deliveries, inspecting workplaces and gathering supplies – what are your obligations regarding fuel costs, maintenance and vehicle depreciation? There are both legal requirements and business considerations to keep
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