Accounting News & Commentary
IRS Opens E-Filing Soon
IRS Accepting 2023 E-File Tax Returns Beginning January 29, 2024 The IRS will be accepting 2023 E-File tax returns beginning January 29, 2024. Taxpayers should consider using a tax professional to help them with their 2023 taxes instead of the "Box". Box Tax Software...
Deadline Looming to File 1099’s and W-2’s!
Deadline Looming to File Forms 1099 and W-2 Happy New Year! I wanted to reach out to you to remind you that 2023 year-end tax statements Forms 1099, and Form W-2, are due on or before January 31, 2024 and I am here to help you. If you had independent contractors/day...
2023/2024 Standard Mileage Rates
The IRS has updated the tax deductible mileage rates for 2023. For business miles it is $0.65.5 per mile driven. Medical Mileage rate is $0.22 per mile and Charity and Moving is $0.14 per mile. For 2024, the the rates change slightly, for business miles, it increases...
FinCEN Reporting Requirements
Have you heard about the new, required Federal government reporting requirement called the BOI (Beneficial Ownership Information Report)? The Financial Crimes Enforcement Network (aka FinCEN) is a new arm of the Department of the Treasury that was created to...
Contact Us
Need more information or can't find something you need? Please drop us a line. If we can't help, we will try to get you pointed in the right direction.