Tax

2022 Business mileage reimbursement

IRS Increases Mileage Rates Reimbursements for Second Half of 2022

June 14, 2022

The Internal Revenue Service will raise the optional standard mileage rate for the final six months of 2022 to help offset the rise in gas…

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It’s Time to Re-examine the Pros, Cons of Cryptoassets

May 19, 2022

From Super Bowl commercials to teenage NFT millionaires — and even Elon Musk’s support of the dog meme-inspired currency Dogecoin — cryptoassets have been making…

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Navigating the IRS Backlog

May 3, 2022

The start of a new tax filing season often brings with it longer hold times with the IRS, as taxpayers and their tax preparers inundate…

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How “Build Back Better” tax changes could affect attorneys

March 8, 2022

The proposed Build Back Better Act could increase federal revenues by roughly $1.7 trillion to fund social investments, including health care, education, and childcare over…

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Don’t forget about the Work Opportunity Tax Credit

February 9, 2022

Note: Congress is considering proposals that could expand the Work Opportunity Tax Credit for certain qualified groups. We will monitor this development and communicate updates…

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Careful accounting is key to managing change orders and protecting profits

February 8, 2022

In construction, change is constant. On average, more than one-third of projects will have at least one major change along the way, according to a…

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Do You Have a Nanny or Household Employee? Make Sure You’re Up-to-Date on Tax Requirements

January 14, 2022

The COVID-19 pandemic caused many families to rethink their child care situation. Nannies became a popular choice for many, as they decreased the risk of sending children to child care centers and provided the benefit of helping those same children…

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Remote workers could create additional taxes for your business

January 14, 2022

Has your company switched to a remote work or hybrid environment for employees? Government mandates and other health-related concerns at the beginning of the COVID-19 pandemic, caused much of the…

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2022 mileage rates for business reimbursements

December 30, 2021

The IRS recently released the 2022 mileage rates for businesses to use as guidance when reimbursing workers for applicable miles driven within the year. The rates tend to increase every…

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Outsource sales and use tax compliance to mitigate risk

November 15, 2021

Tax compliance is an essential aspect of any business, with sales and use tax making up a large portion of overall tax requirements. However, sales…

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