The 2026 Mileage Rates [Caution: check back around Christmas. This is subject to change]. Beginning on Jan. 1, 2026, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:• 70 cents per mile for business miles driven.• 21 cents per mile driven for medical or moving purposes.• […]
The 2025 Mileage Rates Need rates for earlier years? Click here. Beginning on Jan. 1, 2025 the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:• 70 cents per mile for business miles driven.• 21 cents per mile driven for medical or moving purposes.• 14 cents per […]
If you plan to start a new business, or you’ve just opened your doors, it is important for you to know your federal, state and local tax responsibilities. The IRS has provided five tips in its Tax Tip. We’ve added two at the end. Tax Tips if You’re Starting a Business Here are five basic […]
The Kentucky Secretary of State Annual Report is due June 30 of each year. Entities conducting business in the Commonwealth of Kentucky are required to file annual reports with the Secretary of State by June 30 of each year. Reports can be filed online at SOS.KY.gov. To go directly to the page for filing your […]
This is no longer rare and it is no longer limited just to individuals. We are putting together 1. a check list of things to do if you are a victim of tax return identity theft, AND 2. a check list of things to do to keep from being a victim. Contact us if you […]
Employers are already working frantically to get out timely and accurate W-2s. Congress has changed the law requiring W-2s to be filed on or before January 31. You can expect your W-2 on or before January 31. However, this law change could result in little time to find errors. What you should do: 1. Immediately […]
Where are you? Where is East Street? I’m on East Street, but I don’t see 116? Is East Street one way? Where do I park? These are all questions we hear frequently. And we would like to help you out BEFORE you get lost. We are located at 116 S. East Street. East Street runs […]
Great question! A tax credit lowers your tax bill dollar for dollar. If it is a refundable credit, such as the Earned Income Credit and the Hope education credit, it can also result in a refund when you owe no tax. The deduction reduces your taxable income, which is amount on which you pay taxes. […]
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