On Dec. 29, 2022, the IRS announced the 2023 optional standard mileage rates, which are used to calculate the deductible costs of operating an automobile…
Download a copy of your tax planning guide for helpful insights! Once again, it’s time to start thinking ahead to tax season! The last couple…
The recently enacted Inflation Reduction Act of 2022 contains several new environment-related tax credits that are of interest to individuals and small businesses. The Act…
The IRS issued Notice 2022-03 showing the updated calculations for optional standard mileage rates of operating an automobile for business, charitable, medical or moving purposes.…
With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in…
Form 1099-NEC is due to vendors by Jan. 31 for payments made the preceding year to non-corporate independent contractors. The IRS requires form W-9 to…
If you pay an individual (who is not an employee) or partnership for “services” rendered and the amount paid for the year is $600 or…
With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in…
Form 1099-MISC is due to vendors by Jan. 31 for payments made the preceding year to non-corporate independent contractors. The IRS requires form W-9 to…
Maximum Monthly Amounts Remain at $270 The IRS has released Revenue Procedure 2020-45, which includes cost-of-living adjustments for employee qualified transportation fringe benefits for the 2021…
Rebuild VA Grant Fund (Rebuild VA) has expanded its eligibility criteria to allow more small businesses and nonprofits to apply. Any small business or nonprofit…
Borrowers and Lenders May Rely on the Guidance Provided in the New FAQs On Oct. 13, 2020, the Small Business Administration (SBA) published a new…
