Blog Archives

New Standard Mileage Rates Now Available; Business Rate to Rise in 2015

  IR-2014-114, Dec. 10, 2014 WASHINGTON — The Internal Revenue Service today issued the 2015 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,

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IMPORTANT CHANGES TO THE MASSACHUSETTS MINIMUM WAGE

IMPORTANT CHANGES TO THE MASSACHUSETTS MINIMUM WAGE In accordance with An Act Restoring the Minimum Wage and Providing Unemployment Insurance Reforms Chapter 144 of the Acts of 2014 Effective January 1, 2015 MINIMUM WAGE: $9.00 PER HOUR The minimum wage

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Autumn Resolutions

“Life starts all over again when it gets crisp in the fall,” Fitzgerald wrote in The Great Gatsby. Fall is a time of renewal. We put our children on new schedules and get “tough” about bedtimes. However, this is also

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Helpful Hints

Keeping good financial records is as important a task as any for every business regardless of size. Retaining and organizing transactions relating to both income and expenses will help you manage your cash flow and make sound business decisions. Additionally,

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IRS.gov has information about the health care law and its effect on your taxes

IRS Health Care Tax Tip 2014-14, Jul. 16, 2014 IRS.gov has information about the health care law and its effect on your taxes There is a lot of information in the news and online about the health care law and

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14 IRS Audit Red Flags

Although the overall individual audit rate is only about one in 100, the odds increase dramatically as your income goes up. Recent IRS statistics show that people with incomes of $200,000 or higher had an audit rate of 3.26%, or

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What’s New

This section summarizes important tax changes that took effect in 2013. Most of these changes are discussed in more detail throughout this publication. Future developments. For the latest information about the tax law topics covered here, including information about any

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