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The standard business mileage rate will be going up slightly in 2024

The standard business mileage rate will be going up slightly in 2024

by Jackie Scroggs | Jan 3, 2024 | Uncategorized

The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2024. The IRS recently announced that the cents-per-mile rate for the business use of a car, van, pickup or panel...
The tax implications of renting out a vacation home

The tax implications of renting out a vacation home

by Jackie Scroggs | Oct 10, 2023 | Uncategorized

Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains or in a resort area, you may want to rent it out for part of the year. The tax implications of these transactions can be complicated. It...
2023 Q4 tax calendar: Key deadlines for businesses and other employers

2023 Q4 tax calendar: Key deadlines for businesses and other employers

by Jackie Scroggs | Sep 26, 2023 | Uncategorized

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. 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...
Selling your home for a big profit? Here are the tax rules

Selling your home for a big profit? Here are the tax rules

by Jackie Scroggs | Sep 1, 2023 | Uncategorized

Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the median price of existing homes sold in July of 2023 rose 1.9% over July of 2022 after a couple years of much higher...
The advantages of using an LLC for your small business

The advantages of using an LLC for your small business

by Jackie Scroggs | Aug 4, 2023 | Uncategorized

If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your assets. Or maybe you’re launching a new business and want to know your options for setting it up. Here are the basics of...

Recent Posts

  • Ways to manage the limit on the business interest expense deduction
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  • Looking ahead to 2025 tax limits as you prepare to file your 2024 return
  • Early bird tips: Answering your tax season questions
  • The standard business mileage rate increased in 2025

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