by Anne Angera | Jun 21, 2022 | Resources For Employers, Resources For Individual Taxpayers, Uncategorized
The IRS recently announced that it will increase the standard mileage rate for qualified business driving for the second half of 2022. The adjustment reflects the soaring cost of gasoline this year. In fact, as of June 13, the nationwide average price of regular...
by Anne Angera | Jun 10, 2022 | Resources For Employers, Resources For Individual Taxpayers, Uncategorized
With so many more employees working remotely over the last couple of years, many employers have had to grapple with whether to provide workers with cell phones or allow them to use personal phones for business purposes. From a fringe benefits perspective, two...
by Anne Angera | May 27, 2022 | Resources For Individual Taxpayers, Uncategorized
The April tax filing deadline has passed, but that doesn’t mean you should push your taxes out of your mind until next year. Here are three tax-related actions that you should consider taking in the near term (if you filed on time and didn’t file for an extension)....
by Anne Angera | Apr 27, 2022 | Resources For Employers, Resources For Individual Taxpayers, Uncategorized
In 2019, the bipartisan Setting Every Community Up for Retirement Enhancement Act (SECURE Act) — the first significant legislation related to retirement savings since 2006 — became law. Now Congress appears ready to build on that law to further increase Americans’...
by Anne Angera | Apr 16, 2022 | Resources For Individual Taxpayers, Uncategorized
From the IRS: When a thief steals someone’s Social Security number, they can use it to file a fraudulent tax return. This is tax-related identity theft. The IRS scans tax returns for possible fraud. If a tax return is flagged as suspicious, the agency will pull...
by Anne Angera | Mar 31, 2022 | Resources For Individual Taxpayers, Uncategorized
Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. The tax treatment depends on how many days it’s rented and your level of personal use. Personal use...
