The Cents-Per-Mile Rate for Business Miles Decreases Again for 2021

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per mile. As a result, you might claim a lower deduction for vehicle-related [...]

By |2021-02-01T12:28:34-05:00February 1st, 2021|Categories: Blog, Tax|Tags: , , , , , , |Comments Off on The Cents-Per-Mile Rate for Business Miles Decreases Again for 2021

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 customers by giving them gifts or hosting holiday parties. It’s a good [...]

By |2019-12-17T13:34:30-05:00December 5th, 2019|Categories: Blog, Tax|Tags: , , |Comments Off on Holiday Parties and Gifts Can Help Show Your Appreciation and Provide Tax Breaks
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