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One of the most important and most overlooked components of starting a business is bookkeeping. Often times the owner will start off great, but as times goes by they will get tied up with the other demanding challenges of owning a business. Sometimes they never really start at all and intend to tackle it once...

Beginning on Jan. 1, 2014, the standard mileage rates will be: 56 cents per mile for business miles driven 23.5 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable organization An annual study is conducted to determine the standard mileage rate for businesses. The study examines...

Each year the IRS mails millions of notices. What should you do if you receive a notice from the IRS? Don’t ignore it! IRS notices typically pinpoint specific issue about your tax return or tax account. The letter may indicate the IRS has corrected an error on your tax return or it may ask you for additional information. Read it...

The tax code includes a variety of taxpayer rights. However, they are scattered and buried though out, making it difficult for taxpayers to know and understand their rights. To help alleviate this, the IRS adopted the Taxpayer Bill of Rights. The Taxpayer Bill of rights centralizes these rights into 10 broad categories. This move makes them...

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