The IRS Increases the Business Mileage Rate for 2022
Due to the rapidly rising cost of fuel, the IRS just raised the business mileage rate from 58.5 cents per mile to 62.5 cents per mile for...
Stephanie Peterson
- Mar 8
- 3 min
Important Tax Changes for 2022
The Standard Tax Deduction Rises in 2022 All taxpayers are eligible to take the standard tax deduction unless they elect to itemize their...
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Stephanie Peterson
- Feb 17
- 2 min
New Tax Laws for 2022 - Venmo, PayPal, Cash App, Etc.
Due to the American Rescue Plan, which was established last year, payment app providers like Venmo, PayPal, CashApp, etc. are all now...
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Stephanie Peterson
- Feb 13
- 3 min
Important Cryptocurrency Tax Rules (Bitcoin & Etc.)
Do you own any cryptocurrencies? If so, it is wise to stay on top of tax laws and regulations that may impact your crypto investments....
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Stephanie Peterson
- Feb 9
- 2 min
Is Your Business in Need of an Accountable Plan?
It is essential to reimburse yourself and your employees the right way. Having an accountable plan in place that follows IRS regulations...
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Stephanie Peterson
- Nov 14, 2021
- 2 min
3 Signs Your Books Aren't Ready for Tax Season
You Have Transactions Not Categorized If your books contain uncategorized transactions, your financial reports will not be accurate. ...
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Stephanie Peterson
- Sep 15, 2021
- 2 min
Would Being an S Corporation Benefit Your Business?
It can be tricky to decide what company structure is best for your small business. With corporate tax rates on the rise, many small...
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Stephanie Peterson
- Sep 9, 2021
- 3 min
What Vendors Should You Send 1099-NEC & 1099-Misc Forms To? (2021)
Over the past few years, there have been several changes and updates regarding the reporting rules for 1099 forms. In 2020, the IRS...
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Stephanie Peterson
- Jan 30, 2020
- 4 min
Important Tax Dates for Small Businesses
Estimated Tax Payments for Individuals The IRS's General Rule States - In most cases, you must pay estimated taxes (Form 1040-ES) if both...
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Stephanie Peterson
- Sep 17, 2019
- 2 min
7 States with Absolutely No Income Tax
With the cost of living on the rise, many Americans are relocating to more affordable places and are looking to seek out ways to save...
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