Jan 31, 2019 | Business, Taxes
IRS Announces 2019 Mileage Rates Mileage rates for travel are now set for 2019. The standard business mileage rate increases by 3.5 cents to 58 cents per mile. The medical and moving mileage rates also increase by 2 cents to 20 cents per mile. Charitable mileage rates...
Jan 23, 2019 | Business, Taxes
Taking a Home Office Deduction A great tax reduction idea, if done right! Cloud-based applications, extensive communication channels, and other new technologies make it easier to run your business out of your home. If you qualify, many home business expenses are...
Dec 31, 2018 | Business, Taxes
The New Business Deduction Stop worrying and start preparing A new deduction is available to businesses with qualified business income (QBI). While that’s great news, new deductions (especially ones with lots of rules) can bring anxiety and confusion. Never...
Dec 16, 2018 | Planning, Taxes
Early Warning Signs of a Tax Problem There are many factors that can cause an unfavorable tax swing leaving you with a surprising tax bill in the spring. Here are six warning signs that you might have some unexpected taxes waiting for you. You didn’t update your...
Dec 12, 2018 | Finances, Taxes
2019 Retirement Contributions Get a Boost For the first time since 2013, the IRS is raising the contributions limits for IRAs. The maximum contribution for 401(k) accounts and IRAs is increasing by $500 for 2019. If you have not already done so, now is the time to...
