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 […]
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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
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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
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Uh oh…You’ve just received a letter from the IRS. It might be too intimidating to open, but don’t panic! Take each of the steps below (along with a deep breath) before you begin to worry. Most importantly…read it carefully! For the most part, these letters are about federal tax returns or accounts. Oftentimes the letter
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If your business has seen tremendous growth since its beginning, it may be time to hire a part-time CFO that can provide valuable knowledge regarding your business’s finances. Your first thought may be, “Isn’t that a large expense?” However, choosing to outsource a part-time CFO can be a cost-effective move. Rather than paying a full-time
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August is the perfect time to make sure that you are paying enough to cover your tax liability, whether through estimated tax payments or through payroll withholding. There is still plenty of time left in the year to make any necessary corrections in order to avoid surprises when you file your 2022 tax return. Below
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Navigating the world of tax laws can be a strenuous and time-consuming process. Instead of spending your time focusing on these complexities, you could be growing your business. Here at Ryder & Company, we can help you with all of your payroll processing and CFO needs, giving you more time to prioritize profit-boosting activities. Below
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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
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Many individuals pay estimated taxes throughout the year. For many more, they may not know they can pay them as well and save money. If you’re not sure what estimated taxes are, they are a way for you to pay in for any taxes you may owe, that are not subject to payroll withholding taxes.
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Tax season is in full swing! If you haven’t started working on your 2021 tax return, you should do so as soon as you can—the tax filing deadline is coming up on April 18th. You may actually be wondering if you need to file a 2021 tax return. If you are under 65 and filing
Do You Know If You Need to File A 2021 Tax Return? Read More »
