2020 STANDARD MILEAGE RATE IS 57.5 CENTS.

2020 SOCIAL SECURITY TAXABLE WAGE BASE IS $137,700.

OTHER ITEMS OF INTEREST

• Texas New Hire Reporting 
  • General Information
  • Report new hires within 20 days of hire
    • Fax a copy of the W-4 to 1.800.732.5015 (Texas New Hire Reporting Operations Center)
    • Report online
• Employers must use the most recent Form I-9 
• $100,000 next-day deposit rule
  • IRS Publication15 (Page 28)
• Payroll record retention 
• Texas unclaimed property requirements
• Reimbursing your employees for expenses: accountable vs. non-accountable plan
  • IRS Publication 17 (Pages 148 - 149)
• Independent contractor vs. employee 
• DOL Overtime rules 
• Same Day ACH Resouce Center