Ready to test your Honda CivicX knowledge? Take the quiz to see if you really know your car facts. Plus, some throwbacks to its launch.
The IRS has announced the E-File Open Day for Tax Season 2021. Starting on this date, the IRS will start accepting and processing tax returns. Get the details about the Open Day and more in this article.
2020 has been a challenging year for many businesses, and the last thing you need on your plate as January approaches is to stress out about tax deductions. If your employees transport packages, deliver food, visit clients all over the country, or do any other sort of work that requires them to drive, you might be overwhelmed by the math that goes into figuring out how much you owe them for their business miles and what reimbursement method to use. That’s why we’ve provided all the basic information you need to make the process as simple as possible.
In April 2020, the federal government started the process of depositing stimulus payments into eligible individuals' bank accounts that have direct deposit setup. Learn more about these stimulus payments and get your questions answered here.
The Canada Revenue Agency (CRA), which is the Canadian equivalent to the IRS, recently announced its 2020 income tax deduction limits and expense benefit rates that will apply when using an automobile for business purposes. Referred to as the Automobile Allowance Rate, this rate is not a fixed value, and just as the U.S. Standard Mileage Rate, it can change slightly year over year.
Beginning January 1, 2020, the IRS Standard Mileage Rate for personal car use will be 57.5 cents per mile for business use, 17 cents per mile for medical and moving mileage and 14 cents per mile for charitable organization mileage. Learn more about the Standard Mileage Rate here.
If your company has employees who drive on the job, one of your concerns is likely how to reimburse them for the miles they drive for business. A key tool for mobile companies is the Standard Mileage Rate. Learn more about the IRS Standard Mileage Rate and how to appropriately reimbursed employees here.
Does your company need someone with a specific skill set to take on a short-term project? Do you have an employee who is taking a brief leave from their job? Are you hesitant to hire new employees for permanent positions? Learn more about hiring temporary employees.
The IRS has some strict rules on driving for work. Whether your commuting miles can be written off on your taxes is dependent on many factors and specific instances of your work-related trips. Get the facts in this rule here.
Managing a mobile workforce can be overwhelming. That's we put together the best tips for building a company mileage reimbursement program. We'll cover how to calculate reimbursement rates for oyur employee mileage reimbursement program.
Are you starting a business venture this year or in the beginning of 2019? Get off to a good start by familiarizing yourself with the Schedule C tax form. In this article, we'll walk you through everything you need to know about the Schedule C Form.
According to a study commissioned by Upwork in conjunction with the Freelancers Union, in 2017 there are over 57,000,000 freelancers, or "independent workers" in the United States. This number totals around 36% of the working population in America! This guide is for them! Learn about freelancer taxes.
Taxes can be a pain when all you want to do is provide care so we wanted to make an easy-to-read list of tax deductions for nurses and other healthcare professionals.