Get Ready To File Your Taxes in 2024
The beginning of the new year is the time for taxpayers to gather documents for filing their 2023 returns. The IRS has announced some important enhancements taxpayers should be aware …
IRS Changes Mileage Rates 2024
According to an IRS statement, starting in 2024, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be: These rates apply to …
The 1099 Story: Which Version Should You Be Using?
As each calendar year draws to a close, many businesses have to think about their tax filing responsibilities. It can be confusing to figure out which forms to send out, …
IRS Publishes Income Tax Numbers for 2024
It’s never too early to think about taxes! The IRS has already issued numbers to help you understand what the 2024 tax situation will be like. Below is a summary. …
The Rules on Business Travel
Are you working on this year’s tax return or planning for the future? Either way, you should know the rules on business travel tax deductions. According to the IRS, whether …
IRS Puts Brakes on ERC Processing
According to the IRS, a moratorium on processing of new ERC claims through year’s end will allow IRS to add more safeguards to prevent future abuse and to protect businesses …