On January 1, 2025, we saw the Illinois minimum wage increase from $14.00 to $15.00 per hour. The City of Chicago is increasing its set minimum wage on July 1, 2025 for employers with four (4) or more employees. Cook...more
On December 19, the IRS published an updated mileage reimbursement rate for 2025: $0.70 per mile, a three cent increase from the 2024 rate. The rate applies to all vehicles, electric and gas alike....more
On January 1, 2024, we saw the Illinois minimum wage increase from $13.00 to $14.00. The City of Chicago and Cook County are also increasing their minimum wages on July 1, 2024. The minimum wage for the City of Chicago will...more
With the Consumer Price Index recently showing the largest spike in 30 years, California employers need to brace themselves and prepare for the minimum-wage hikes going into effect in several cities across the state on July...more
Responding to record-high gas price, the IRS announced yesterday that, for July through December of 2022, the optional standard mileage rate for business travel will increase from 58.5 cents to 62.5 cents per mile....more