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 Returns – Who Needs to File Them? Read More »
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
Major Changes to Mileage Rates for 2023 Read More »
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
Have Your Information Together Before Going to the Pros Read More »
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
How to Approach an IRS Letter or Notice Read More »
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
How Can Outsourcing a Part-Time CFO Help Your Business? Read More »
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
Check In On Your Tax Withholding and Estimated Tax Payments Read More »
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
Benefits of Outsourcing Your Payroll with a Local Company Read More »
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
Updates to the Mileage Rates for 2022 Read More »
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.
Should I Pay Estimated Taxes? Read More »
