The 2022 Mileage Rates ******************************** Need rates for earlier years? Click here. Beginning on Jan. 1, 2022, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:• 58.5 cents per mile for business miles driven.• 18 cents per mile driven for medical or moving purposes.• 14 cents […]
Now offering Tax-Zoom Conover & Conover CPAs, PSC will be offering numerous ways to safely get your 2021 taxes prepared, including Tax-Zoom, our contact free method of preparing taxes. To learn more about our safe, effective and time-shaving method, email us at ConoverCPA@gmail.com or give us a call at 859-734-0304. We will be in the East Street […]
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 […]
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 […]
************************************************ See the IRS mileage rate table below: Note: Mileage logs must be maintained for all business vehicles and/or for all business miles regardless as to whether you claim the standard mileage rate or your actual expenses. Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the […]
Question: I often see you use the phrase: Open 23/7/365. Shouldn’t that be 24/7/365? Answer: No, that is not a typo. I use that phrase in honor of my dad. My dad, Boyd Collett, spent well over a decade of his life under ground in the coal mines. In the late 1950’s he started his own […]