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›WK Publications
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The IRS set the standard mileage rate at 50 cents per business mile driven for 2010.
To Convert or Not to Convert? Converting a traditional IRA to a Roth IRA might benefit certain taxpayers. Download our brochure here.
IRS TAX TIP: Ten Facts About Claiming Donations Made to Haiti
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Federal minimum wage raised to $6.55 per hour, effective July 24 The U.S. Department of Labor announced that the federal minimum wage for covered, nonexempt employees is $6.55 per hour, effective July 24, 2008. This change will not affect most Missouri employers because the state minimum wage per hour is $6.65, and federal law states that employees subject to state and federal minimum wage laws are entitled to the higher of the two. The new federal minimum wage represents a 70-cent increase over the previous minimum wage of $5.85 per hour. The Fair Labor Standards Act requires annual increases in July 2007, 2008 and 2009, so the federal minimum wage will rise again in July 2009 to $7.25 per hour. For more information on this subject, please visit the DOL's Wage and Hour Division Web site, or contact your WK advisor at (573) 442-6171 or (573) 635-6196. Click here to view the article in PDF format. |
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Columbia, MO (573) 442-6171 | Jefferson City, MO (573) 635-6196 | information@williamskeepers.com Member, PKF North American Network | Copyright © 2008 Williams-Keepers LLC
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