WASHINGTON — To help taxpayers, the Department of Treasury and the Internal Revenue Service announced today that Notice 2020-23 extends additional key tax deadlines for individuals and businesses. Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing […]
March 19, 2020 We wanted to provide you with the most current tax related changes possible. Please understand this is a very fluid situation. The items below are directly from the House bill, which has now been signed. There has one bill passed – which is detailed below. There are also at least 2 other […]
Efforts across the country to follow to raise awareness, encourage compliance FS-2019-15, November 2019 As part of a larger effort by the Internal Revenue Service to ensure fairness in the tax system, the IRS is taking steps to conduct special compliance efforts for individual and business taxpayers in various communities. The goal of these visits […]
IRS Tax Tip 2019-157 In a Tax Tip, the IRS has offered advice on small business record keeping. The advice concerns both how to keep records and for how long to keep records. Background. Because of the period of limitations that applies to income tax returns (i.e., the period of time in which a taxpayer […]
2019 Standard Mileage Rates: Beginning 1/1/19, the standard mileage rates for cars, vans, pickups, and panel trucks will be 58 cents per mile for business miles, 20 cents per mile for medical or moving purposes, and 14 cents per mile for charitable purposes. However, the rates cannot be used to claim an itemized deduction for […]
Having been our accounting firm since our business began in 1999, your company has been with us every step of the way. Your support has been unfailing and whenever we have needed support, you have been there for us. Thanks to your capable team, we receive our monthly statements in a timely fashion and with great accuracy. I'm constantly impressed with the depth of knowledge you and your team have related to the many complex issues we discuss from business valuations to tax related issues both personal and corporate. I'm planning on many more years together knowing you and your team will be with us every step of the way.
Ken Baranowski (President of Structural Composites of Indiana, Inc.)