by Susan Berel | Jan 25, 2022 | Taxes
Starting January 1, 2022, the standard mileage rates for the use of a car, van, pickup, or panel truck are as follows:
58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021
18 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, up 2 cents from the rate for 2021, and
14 cents per mile driven in service of charitable organizations. The charitable rate is set by statute and remains unchanged.
by Susan Berel | Jan 3, 2022 | Taxes
While filing your tax return promises to be just as complicated as always – especially if you received stimulus payments or advance child tax credit payments – there are steps that taxpayers can take right now to make sure their tax filing experience goes smoothly in 2022
by Susan Berel | Dec 19, 2021 | Taxes
The first step when deciding where to make donations is to visit IRS.gov and use the Tax Exempt Organization Search tool to search for information about an organization’s federal tax status and filings.
by Susan Berel | Dec 2, 2021 | Accounting
Credit card balances typically follow a seasonal pattern, increasing significantly in the fourth quarter, coinciding with holiday shopping, and millions of taxpayers are still carrying debt from last year’s holiday season. Whether you are diligent about paying your credit card in full every month or are still paying down debt from a previous spending spree, these tips will help you avoid overspending this year and keep credit card spending on track.
by Susan Berel | Nov 18, 2021 | Taxes
Several end-of-year tax planning strategies are available to business owners to reduce their tax liability. Let’s take a look
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