The 2023 mileage rates have been announced by the IRS… Standard business mileage increased to 65.5 cents per mile. Medical and moving mileage remain at 22 cents per mile. Charitable mileage stays at 14 cents per mile. Whether you track your mileage on paper or...
Have you been contacted by a third party and advised that your business is eligible for the Employee Retention Credit? If so, proceed with caution… Many businesses are being advised to claim the credit, but don’t actually qualify for it. Often, these third...
On August 16th, President Biden signed into law the Inflation Reduction Act (IRA). Among the many provisions within the IRA, the act establishes a new corporate minimum tax, an excise tax on corporate stock repurchases and an increase in research credit. The act also...
As a sole proprietor, you may have wondered if it would be better for you to incorporate your business. Here are some things to consider… Incorporating a business limits the owner’s liability. However, many small corporation stockholders are required to...
Thinking about buying an existing business? Make sure to take the time to investigate the business thoroughly before jumping in. Investigate possible issues. It can be tempting to get into the business first and then worry about any problems once they’ve...
401(k) plans have long been thought of as retirement plans for large companies. While there is no minimum number of employees required to establish one, the high costs associated with setting up a 401(k) and administering it have made them unappealing to small...
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