Small Business Taxes

SMALL BUSINESS ALERT- IRS Publishes 2014 Business Mileage Rates

WASHINGTON — The Internal Revenue Service today issued the 2014 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, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56 […]

Congress Avoids the Fiscal Cliff

The Senate and the House have recently voted on a last-minute budget deal worked out between President Barack Obama and congressional Republicans averting the so-called fiscal cliff. Here are some highlights of the compromise bill: The current tax rates will be kept in place for individuals making less than $400,000. Incomes above $400,000 ($450,000 for […]

Business Owners: Stop doing accounting now!

If bookkeeping is so boring, why are so many business owners doing it? I’ve studied accounting – a lot.  I studied it in business school (go Hoosiers!), I studied for the CPA exam, and have taken 100+ hours of continuing ed every year for the past 15+ years.  That’s a lot. Every step along the […]

Payroll tax cut temporarily extended

Below is a quick update on the recent payroll tax legislation.  If you’re and Indiana business and need help with payroll or payroll taxes, please feel free to call my office. – Tyler Payroll tax cut temporarily extended. The Temporary Payroll Tax Cut Continuation Act of 2011 was enacted late last year. It extends the two […]