The Internal Revenue Service recently issued the 2019 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. As of January 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are:
Author Archives: CPASNET
The Internal Revenue Service announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. The tax year 2019 adjustments generally are used on tax returns filed in 2020. The tax items for tax year 2019 of greatest interest to most taxpayers include the following dollar amounts:
The holiday season often prompts people to give money or property to charity. If you plan to give and want to claim a tax deduction, there are a few tips you should know before you give. As individuals and businesses are deciding where to make their donations, the IRS reminds taxpayers to research charities before making donations. Did you know the IRS has a tool that allows users to search for charities? Below we’ve highlighted four fast acts about the IRS Tax Exempt Organization Search tool:
Our 25th Mid-Year Meeting concluded on November 9th, 2018. Over 15 attendees including members, prospects, and partners attended the one-and-a-half-day conference in Scottsdale, Arizona. Below is a synopsis of the session highlights.
If you, your spouse or a dependent are heading off to college in the fall, you may be able to claim a tax credit on your federal tax return. Below we have highlighted some of the credits that may save you money at tax time. Contact one of our professionals to see if you are eligible to claim education credits.
Taxpayers who are victims of a disaster might need to reconstruct records to prove their loss. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement.
If your firm is on Facebook, you may be surprised by the look of your company page. On August 24th, Facebook updated all business pages to one of its new designs. The new layout aims to help businesses showcase essential information and make it easier for people to engage with your company online. There are several changes to be aware of; below is a summary of what you need to know.
This year’s annual meeting, held in Chicago, Illinois, was attended by over 30 attendees including members, prospects, and international guests. Below you will find a synopsis of the two-and-a-half-day conference.