The Affordable Connectivity Program

The Affordable Connectivity Program

The top 20 internet service providers are coming together to join a government program to offer free broadband internet to millions across the country. The program is named the Affordable Connectivity Program and this will provide access to internet services to 40% of...
Where Is Inflation Headed?

Where Is Inflation Headed?

Many consumers are currently questioning whether inflation has finally peaked and is starting to slow down. Inflation has been at an all-time high compared to the last four decades. We have seen increased prices for vehicles, rent, and groceries.  In July, we did see...
IRS Raises Mileage Rate for Remainder of 2022

IRS Raises Mileage Rate for Remainder of 2022

In order to help combat the high fuel prices, the Internal Revenue Service announced that they will be increasing the optional mileage rate for the final 6 months of 2022. Effective July 1 through December 31, 2022, the new mileage rate for the business use of...
Penalty Relief Related to Claims for ERTC

Penalty Relief Related to Claims for ERTC

Taxpayers and tax professionals have requested that the IRS provide relief from penalties that arise from additional income tax that is owed for businesses. The reason for these requests is that the deduction for qualified wages is reduced by the amount of a...

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