The Standard Mileage Rate Is Increasing - Here’s What You Need to Know

The Standard Mileage Rate Is Increasing - Here’s What You Need to Know

The IRS is providing some relief for high gas prices.The agency announced an increase in the optional standard mileage rate.
Foreign Earned Income Has Huge U.S. Tax Benefits

Foreign Earned Income Has Huge U.S. Tax Benefits

U.S. citizens and resident aliens pay taxes on foreign earned income. However, those qualifying may be able to take advantage of valuable tax breaks.
Summer Employment for Children - Options and Benefits

Summer Employment for Children - Options and Benefits

Are you looking for summer employment for your children? There are plenty of perks beyond pocket money that you and your children should know about.
Businesses: Prepare for the Lower 1099-K Filing Threshold

Businesses: Prepare for the Lower 1099-K Filing Threshold

In 2022, the threshold has dropped significantly for the filing of Form 1099-K. Businesses & workers in certain industries may receive more of these forms.
7 Different Types of Income Streams for Your Business

7 Different Types of Income Streams for Your Business

Some types of businesses have a clearer path to expanding their income streams than others. Want to learn how to expand your income streams?
Inflation Enhances the 2023 Amounts for Health Savings Accounts (HSAs)

Inflation Enhances the 2023 Amounts for Health Savings Accounts (HSAs)

The IRS released guidance on the 2023 inflation-adjusted amounts for HSAs. High inflation rates will result in next year’s amounts being increased.