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

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half cen...

Congress gives a holiday gift in the form of favorable tax provisions

Congress gives a holiday gift in the form of favorable tax provisions As part of a year-end budget bill, Congress just passed a package of tax provis...

Wayfair revisited — It’s time to review your sales tax obligations

In its 2018 decision in South Dakota v. Wayfair, the U.S. Supreme Court upheld South Dakota’s “economic nexus” statute, expanding the power of states...

Adopting a child? Bring home tax savings with your bundle of joy

Adopting a child? Bring home tax savings with your bundle of joy If you’re adopting a child, or you adopted one this year, there may be significant t...

Holiday parties and gifts can help show your appreciation and provide tax breaks

With Thanksgiving behind us, the holiday season is in full swing. At this time of year, your business may want to show its gratitude to employees and...