2024 Standard Mileage Rates
IRS issues standard mileage rates for 2024; mileage rate increases to 67 cents a mile, up 1.5 cents from 2023 IR-2023-239, Dec. 14, 2023 WASHINGTON — The Internal Revenue Service today issued the 2024 optional standard mileage rates used to calculate the deductible...
Tax Deadlines
Click here for a pdf of the IRS Publication regarding Tax Deadlines.
Federal Tax Calendar
Federal Tax Calendar Federal Tax Calendar for tax deposits and filings can be accessed via the following website: https://www.irs.gov/businesses/small-businesses-self-employed/online-tax-calendar
The Value of an Accountant
“The value of an accountant who specializes in year round bookkeeping” Recently, a prospective client of mine pointed out to me that one of my ‘competitors’ was going to do his books and provide monthly statements for substantially less than I quoted him. So I was...
Keeping the Books
“Small Business Success…Keeping the books” A business, whatever the size, is like a wheel with many cogs. And each cog must be in good working condition to keep the wheel running at top speed. One of the important “cogs on the wheel” is bookkeeping, which is simply,...
If the IRS Contacts You?
“If the IRS [ . . . ] contacts you” There are numerous reasons why the Internal Revenue Service may contact you throughout the year, so if you receive an IRS missive in the mail, don’t panic. Instead, open the letter and deal with it straightaway. Whatever you do,...
Employee vs Subcontractor
“Employee vs subcontractor – Why the Federal rules are more important to know” Previously, we explored New Hampshire’s rules for differentiating between an employee and a subcontractor. As important as it is to know the state rules, oftentimes the bigger stick comes...
