Business Taxes

2025 IRS mileage rates have been updated across business, medical, and charitable use categories. Understanding these changes can help you maximize your tax deductions and financial planning. Are you ready for 2025? The annual mileage rate adjustments can significantly impact how you track and deduct vehicle expenses. Let’s break down the latest changes that every […]

When your business gives back to the community through charitable donations, everyone benefits. Aligning with charitable causes can significantly boost the perception of your business, showcasing it as a socially responsible entity. By contributing to the greater good, your business can build a foundation of trust with both current and potential customers. Trust is a

As the year draws to a close, it’s a good time for you to review your financial situation and implement efficient tax strategies. With this in mind, here are a few tips to help you get into a good financial position at the end of 2023. Tax Planning: The Key to Savings The foundation of

According to the IRS, most United States citizens and legal residents are required to file a tax return if their income reaches or exceeds a certain amount each year. If you make less than the set amount, it still would be in your best interest to file because you could get money back. To find

Tax season can be daunting and stressful for many business owners. It’s important to make sure you’re filing correctly and keeping up with current tax codes. But how do you know you’re not making mistakes along the way? That’s why it’s important to work with a local tax provider who can take care of things

With a new year comes changes to mileage rates. This year, due to inflation and gas prices we are seeing a larger jump in the rates. If you remember our blog back in the summer, the IRS announced a midyear increase from 58.5 cents per mile to 62.5 cents per mile for business travel. That

Organizing your information ahead of time is key to helping your tax professional be successful when working on your taxes. Prior to your appointment, follow the steps below to ensure that you have everything you need readily available. What do you need before going to a tax professional? Documents According to the IRS website, here

The IRS has announced a change in the standard mileage rate for the final six months of 2022. Effective July 1, the standard mileage rate will be increased to 62.5 cents per mile, up 4 cents from 58.5 cents at the beginning of 2022.  Along with this increase, the IRS has also raised the mileage