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New Increased Gift, Estate, and GST Tax Exclusion and Exemption Amounts for 2022

For the first time in several years, the annual gift tax exclusion amount will increase for inflation in 2022 from $15,000.00 to $16,000.00 per individual donor and $32,000.00 for gifts made by a married couple who agree to split their gifts.  This increase was announced by the Internal Revenue Service in Rev. Proc. 2021-45, and… Read More

New Laws Affecting Employers in January 2022

At the start of the new year, numerous new laws and regulations will take effect. The following are brief descriptions of some of the new laws and regulations that will affect employment and employers in California as of January 1, 2022. Minimum Wage Order 2022 (MW-2022) The Department of Industrial relations has issued a minimum… Read More