Business Meal Deduction Requirements
For a business meal expense to be tax deductible (and hold up in an audit), the burden of proof is on the taxpayer. Ensure your
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For a business meal expense to be tax deductible (and hold up in an audit), the burden of proof is on the taxpayer. Ensure your
New Colorado Minimum Wage effective January 1, 2026: The 2026 statewide minimum wage will be $15.16, up 2.36% from $14.81 in 2025. Local minimum wages
Effective January 1, 2026, South Dakota’s minimum wage for non-tipped employees will increase to $11.85 per hour, up from $11.50 in 2025, and the South Dakota
Paid by South Dakota employers:Unemployment/Reemployment Assistance Tax Rate: varies 0% – 9.45% (based on reserve account). Max. taxable earnings (wage base): $15,000.Investment Fee: varies 0%
Paid by employee:CA State Disability Rate: 1.10%. Max. taxable earnings: $145,600. Paid by employer:CA Unemployment Tax Rate: 1.5%-3.4%. Max. taxable earnings: $7,000.CA Employers Training Tax:
Social Security (OASDI) Rate: 6.2%. Maximum taxable earnings: $147,000Rate is the same as 2020. Taxable earnings increased from $137,700 in 2020) Medicare Rate (HI): 1.45%.