The IRS issued the 2019 annual standard mileage rates. The optional standard mileage rates for business use of a vehicle will increase significantly in 2019, after increasing slightly last year. The key business mileage rate increases to 58 cents per mile from 54.5 cents per mile in 2018.
Visit this article from the Journal of Accountancy for more information.
A little known but highly impactful rule is taking place in 2024 that most businesses are not aware of. The Corporate Transparency Act requires that nearly all companies report their beneficial owners
With 2022 quickly coming to an end, the time has come to prepare for the upcoming tax filing season and consider any last-minute moves to help put you in the best position possible. April 18, 2023 is
The 2017 Tax Cuts & Jobs Act (TCJA) is still in effect for 2020 returns, but a flurry of legislation will make your tax returns a little more complicated. The Internal Revenue Service will not begin p