Here are your 2022 Mileage rates The 2022 business mileage rate is 58.5 cents/mile driven for business use. That is up 2.5 cents from 2021 rate Qualified active-duty Armed Forces members for medical or moving purposes, the rate is 18 cents/mile driven, up 2 cents. Performing service for charitable organizations, the rate is set by statute and remains unchanged…
Guest Post by: Bryce Welker The best taxes are the ones you don’t have to pay. Unfortunately, many small business owners are overpaying on taxes by not taking advantage of the many tax breaks, reliefs, and incentives that the government offers. Sure, many small business owners consider tax handling as the most challenging aspect…
IRS phone lines are back up, fax still down I called the IRS this morning at 7 am on the Practitional Priority Line on a lark, as I got an urgent request from a client regarding a notice they received yesterday. Not expecting the call to go through, I was surprised by the response that wait…
Keep it separated Some of the real estate agents we have worked with were shocked when they got their tax bill. They owed more to the IRS due to not capturing all of their expenses. They had been missing out on thousands of dollars of deductions because they are not keeping good records. The primary…
The business of real estate Whether you are a real estate agent, running a real estate brokerage or a property management firm, you are in fact running a business. Although similar, they each have different business requirements, as well as differing regulatory rules and regulations. Real Estate Brokers and Agents have large demands on their…
This week the US Supreme Court (SCOTUS) announced their decision on the South Dakota v Wayfair case it heard back in April. A little history. The current laws are based off the Quill case that was heard in 1992, which set the standard for physical nexus. That standard is a few years past it’s usefulness…
All sorts of reports Serious business owners and entrepreneurs are making sure to analyze how well their business is doing, by looking at financial statements and running reports. This is an important process which is dependent upon continuity and genuine interest toward making things run smoothly. There are a number of reports a company can…
Are you ready for this? If you’ve ever worked with Xero, then you’re probably familiar with how easy running online financial reports and maintaining the books can be. With this amazing software, there is truly something for everyone. Business owners are able to: Correspond with both clients and employees in the same platform Enjoy multi-currency…
Getting Started New business owners are often times on top of the world with excitement… and that’s good! At this point, it seems there’s a new adventure around every corner and networking takes on a whole new meaning. There’s a lot of work to be done, such as marketing your business, maintaining the books (like…
It’s boot strap time Pulling yourself up by the bootstraps after a loan denial can feel a bit like trying to fly. Wait, we do get around pretty well in those 747s… A’hem, my point is this kind of rejection can sting, and leave one in a state of, well, malaise. But, there are some things…
