Tag: mileage
2024 Standard Mileage Rates announced
Beginning January 1, 2024, the standard mileage rates for cars, vans, pickups, and panel trucks will be 67 cents per mile for business purposes, 21 cents per mile for medical or moving purposes for qualified active-duty members of the Armed...
IRS issues standard mileage rates for 2017
The IRS recently issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2017, the standard mileage rates for the use of...
IRS raises standard mileage rate for businesses
The Internal Revenue Service recently issued Notice 2014-79 which outlines the 2015 optional standard mileage rates that are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2015, the...
Preparing for an audit? Don’t panic and follow these steps…
Small business owners may receive some unwanted mail in 2014--an IRS audit notice. While it's likely a randomly generated inquiry into your business, the mere thought of accounting for every last step on your tax trail can be daunting. We...