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On our blog, we’ll share with you all the latest news and insights related to Accounting

2019 Optional Standard Mileage Rates

2019 Optional Standard Mileage Rates

GREAT NEWS! This week, the IRS issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of...

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Beware…IRS WILL scrutinize your donations!

Beware…IRS WILL scrutinize your donations!

Here is a recent announcement from Kiplinger summarizing IRS recent rules changes related to donations: Even small cash donations aren't exempt from strict record keeping rules, according to IRS' final regulations. For charitable monetary gifts of any size, you cannot...

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