Entering 2018, there are two concerns many human resources managers will have right away: adapting to new technology and federal tax reform’s impact on employees. The IRS has already made multiple announcements in changes for 2018. News in 2017 was full of cybercrime, and we can expect more of these headlines in the coming year. Here are a few articles to help you make sense of it all:
Standard Mileage Rates for 2018 Up from Rates for 2017
The IRS issued the 2018 standard optional mile rates used to calculate deductible costs of operating a vehicle while on the job. Beginning on January 1, 2018, the rate increases are:
- 54.5 cents for every mile of business travel driven, up one cent from the rate for 2017.
- 18 cents per mile driven for medical or moving purposes, up one cent from the rate for 2017.
IRS Won’t Force Workers to Submit New W-4 Tax Withholding Forms
No HR manager wants to hear the moans and groans of employees who must fill out new paperwork. While the new tax law will impact how much employees chose to withhold from their paychecks, it is “not clear when or how.” The IRS will not force workers to submit new W-4 tax withholding forms, but many employees may choose to do so.
Facebook Job Ads Raise Concerns About Age Discrimination
Many recruiters use social media to look for job candidates. One of the most commonly used social media tools is paid advertising on Facebook. The New York Times recently researched how many employers are using this tool in order to target younger audiences by only serving the ads to candidates in a certain age range. This may be an illegal recruiting practice.
Cybercrime Likely Will Worsen in 2018
SHRM spoke with multiple cybercrime experts on what employers should be on the lookout for in 2018. Here’s what you need to know.