Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driving for the second half of 2022 from 58.5 cents per mile to 62.5 cents per mile.
Calculating corporate estimated tax
An important deadline is coming up for quarterly federal estimated tax payments. Here are four methods for corporations to compute them.
Proposed regs for inherited IRAs bring unwelcome surprises
The SECURE Act nixed the “stretch IRA” and replaced it with a new 10-year rule on inherited IRAs. However, subsequent IRS guidance has created confusion about when certain beneficiaries must begin taking distributions.
Is your construction company at risk for employee misclassification?
Sometimes construction contractors use independent contractors for their projects. If your business does, be sure to manage the risk of employee misclassification.
After tax day: Take these action steps
With the April tax filing deadline in the rear view, now is the time to take certain tax-related action steps in preparation for next year.
Tax considerations when adding a new partner at your business
If you’re looking for a new partner to add to your partnership, you may think the hard part is over once you find the right person. But there may be tax challenges ahead.
Congress eyes further retirement savings enhancements
SECURE 2.0 passed the U.S. House with strong bipartisan support. While the Senate is working on its own bill, learn about the provisions of the House’s version.
Fully deduct business meals this year
Wining and dining customers and employees can result in tax deductions and for 2022, the write-offs are bigger than usual.
2022 Q2 tax calendar: Key deadlines for businesses and other employers
Does this year’s April 18 filing deadline apply to your company? What additional tax deadlines are there for businesses and employers during the second quarter of 2022?