- Standard Mileage Rates for 2017 Announced
- As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
- 2017 Optional Standard Mileage Rates
- If you are a business traveler, you should know the standard mileage rate for 2017 dropped to 53.5 cents per mile.
- 1099 Filing Date Moved Up This Year; Don’t Get Trapped into Penalties
- If, in your business, you engage the services of an individual (independent contractor) other than one who meets the definition of an employee and you pay him or her $600 or more for the calendar year, you are required to issue him or her a Form 1099-MISC to avoid penalties and the prospect of losing the deduction for his or her labor and expenses in an audit.
- How to Improve Your Small Business Cash Flow.
- Welcome to 2017. If you are a business owner it is the perfect time to start thinking of ways to improve cash flow and profitability. Maybe a rolling forecast is right for you.
- Bitcoin Transactions Coming Under IRS Scrutiny
- Apparently the use of virtual currency in investment and business transactions has reached such proportions as to catch the IRS’s eye. Coinbase, the largest bitcoin exchange firm in the U.S., has been served with an IRS John Doe summons seeking records of all customer transactions with the company from 2013 through 2015. Sources familiar with the case indicate Coinbase will most likely oppose the summons.
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