October 13, 2022 the 2023 COLA was published at 8.7%. This is the largest increase since 1981.
As we step into 2025, several states are rolling out updates to their minimum wage rates, reflecting adjustments for inflation, legislative changes, and phased-in increases. · Ohio: The minimum wage is increasing to $10.70 from $10.45 due to an inflation...
As we begin 2025, we will be collecting the annual submission of year-end documentation for 2024. This submission is required by the Internal Revenue Service, as noted in Section 42 (26 CFR Part I-1.42-5 (c)) of the Internal Revenue Code, and by the West Viriginia...
State Compliance Property Inspector Spectrum Enterprises, Inc. specializes in compliance oversight for the Low-Income Housing Tax Credit (LIHTC) program. Our services include document analysis, tenant file reviews, application pre-approvals, staff training, and site...
The Social Security Administration (SSA) recently announced the Cost-of-Living Adjustment (COLA) for 2025 at 2.5%, the lowest adjustment since 2020 (1.3%). The average COLA increase over the past decade has been 2.6%. While this year’s adjustment is lower than 2024’s...
HUD has announced the 2024 income limits for the MTSP housing programs effective April 1, 2024..