by Candy | Aug 30, 2022 | Featured, Taxes
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...
by Candy | Aug 23, 2022 | Featured, Payroll, Taxes
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...
by Candy | Aug 9, 2022 | Taxes
As a small business owner, you have most likely spent years building up your company’s value. Now that your enterprise is successful, the thought of retirement at some point in the future may have entered your mind Due to all the time and labor you have put into your...
by Candy | Jul 28, 2022 | Featured, Taxes
The Internal Revenue Service wants to remind taxpayers that it is important that you are always protecting your personal and financial information. Unfortunately, there are IRS impersonation scams and schemes out there that attempt to trick you into giving up your...
by Candy | Jul 22, 2022 | Taxes
Are you considering a move out of state? A majority of families generally look for a new home where there is a warmer climate, closer to friends and relatives, or a place where they can find a healthier lifestyle. No matter your reason for moving, as you are...
by Candy | Jul 15, 2022 | Shared, Taxes
If you are a married couple interested in switching from separate to joint tax returns, then you can do so by completing Form 1040-X. The only requirement is that the form be completed by the appropriate filing deadline. Now you might be thinking, what about...
