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Numerous tax limits affecting businesses have increased for 2020

Numerous tax limits affecting businesses have increased for 2020

by angieduran | Jan 27, 2020 | Uncategorized

An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be important to you and your business. Social Security tax The amount of employees’ earnings that are subject to Social...
Cents-per-mile rate for business miles decreases slightly for 2020

Cents-per-mile rate for business miles decreases slightly for 2020

by angieduran | Jan 21, 2020 | Uncategorized

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, to 57.5 cents per mile. As a result, you might claim a lower deduction for vehicle-related expense for 2020 than...
2021 Q1 tax calendar: Key deadlines for businesses and other employers

2021 Q1 tax calendar: Key deadlines for businesses and other employers

by angieduran | Jan 2, 2020 | Uncategorized

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all...

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