The Internal Revenue Service will raise the optional standard mileage rate for the final six months of 2022 to help offset the rise in gas prices nationwide.
The Internal Revenue Service will raise the optional standard mileage rate for the final six months of 2022 to help offset the rise in gas prices nationwide.
For many businesses, it’s been a minute since they’ve had to account for employee travel expenses. So it might be time for a refresher on which expenses are tax-deductible, which aren’t, and what pandemic-related tax incentives are available.
The IRS continues to work through a backlog of millions of paper-filed returns and correspondence from the 2021 tax filing season. Add staffing challenges and congressional underfunding to the issue, and trying to track down a missing refund or deal with an unexpected tax notice is bound to be frustrating.
Here are three steps you can take to boost security at your business and keep scammers at bay.
As 2021 comes to a close, it’s essential to take a closer look at your tax and financial plans. This year brought challenges and disruptions that likely impacted your personal and financial situation –– a continued global pandemic, several significant natural disasters, new tax laws, and political shifts.
Goering & Granatino, P.A. has merged Jeff Katz, CPA into the firm effective November 15.
When it comes to setting financial goals for your business, there are two main methods to consider: budgeting or forecasting. Given the changes in the business environment today, it may even make sense to combine the two as part of your strategy.
Hiring a nanny for child care can mean tax liabilities you didn’t have before, even if they aren’t a full-time employee. Here’s what you need to know about the nanny tax.
The FFCRA requires employees who take leave or sick time due to COVID-19 to be reported separately to employees on Form W-2. Learn how to report them correctly.
The Employee Retention Credit (ERC) has been expanded until Dec. 31, 2021. Don’t assume your business is ineligible for the ERC.