General News

Records Retention Guidelines for Small Businesses

Records Retention Guidelines for Small Businesses You might think we are close to becoming a paperless society, at least when it comes to the IRS. That would be an incorrect assumption. Even if you recently filed your 2018 tax return electronically, you probably printed out a hard copy for your files. Add that paper to…

Read More

Personal Records Retention Guidelines

Records Retention Guidelines to Remember during Spring Cleaning Maybe it’s a good thing that the April federal tax deadline coincides with the urge to spring clean. It feels good to throw out some of the financial records stuffing your filing cabinets. But before you head for the dumpster, make sure you’re not disposing of files you…

Read More

Senior Safe Act: Protection Against Financial Exploitation

Protect Elderly Family Members Against Financial Exploitation Every year, thousands of elderly Americans fall victim to elder abuse and financial exploitation scams, sometimes at the hand of their spouses or adult children. In fact, suspicious Activity Reports (SARs) related to elder financial exploitation have quadrupled the last four years, according to the Consumer Financial Protection…

Read More

Mileage Deduction Increases in 2019

The Deductible Mileage Rate for Business Driving Increased for 2019 The IRS has announced the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Background: If you use a vehicle for business driving, you can generally deduct the actual expenses attributable to…

Read More

Electric Vehicle Tax Credits

Electric Vehicle Tax Credit: You Can Still Save Greenbacks for Going Green Are you considering buying a new plug-in electric vehicle or a plug-in electric-gas hybrid vehicle? There is good and bad news about the tax credits and other cost-saving benefits available on these vehicles. The good news is that the Tax Cuts and Jobs…

Read More

Scroll Up