JOYCE A. HERR, CPA, LLC

On June 9, 2022, the IRS announced that standard mileage rates will be increased effective July 1, 2022. STANDARD MILEAGE RATES FOR 7/1/22 - 12/31/22:62.5 cents per mile for business miles driven22 cents per mile for medical or moving miles driven14 cents per mile driven for charitable purposes STANDARD MILEAGE RATES FOR 1/1/2022 - 6/30/2022:58.5 cents per mile for business miles driven18 cents per mile for medical or moving miles driven14 cents per mile driven for charitable purposes

On March 18, 2020, President Trump signed the Families First Coronavirus Response Act into law. The Act will go into effect on April 2, 2020. What this means for you (as an employer): Paid Sick Leave - As an employer with less than 500 employees, you are required to provide 2 weeks (up to 80 hours)paid sick leave at 100% of the employee’s pay where the employee is unable to work because the employee is quarantined, and/or experiencing COVID-19 symptoms, and seeking a medical diagnosis. This is capped at $511 a day or $5,110 for a total of 10 days. Paid