The IRS Achieves a 99% Conviction Rate - Say No to Tax Evasion
The IRS recently came out with its annual Enforcement Report. If you've ever considered tax evasion, the numbers are very firmly against you.
The Standard Business Mileage Rate Has Gone Up for 2023
The standard business mileage rate has gone up for 2023. The 2023 cents-per-mile rate for business use of a car/van/pickup or panel truck is 65.5 cents.
2023 Q1 Tax Calendar: Key Tax Deadlines for Businesses and Employers
Here are some key tax-related deadlines for businesses and employers during Q1 2023. This list isn’t all-inclusive. There may be more deadlines for you.
2023 Limits and Thresholds for 401(k)s & Other Qualified Retirement Plans
The IRS announced the 2023 dollar limits and thresholds for 401(k)s and other qualified retirement plans. Changes reflect latest cost-of-living adjustments.
Popping Open Some Fringe Benefit COLAs for 2023
The IRS released the 2023 cost-of-living adjustments (COLAs). These apply to a variety of tax-related limits applicable to many popular fringe benefits.
The IRS Plans on Targeting Abusive ERTC Claims
The ERTC provides refundable tax credits to employers that kept workers on payroll during the pandemic. This is a credit against the employer payroll taxes.
Tax Planning Issues You Should Consider at Year-End
Year-end is approaching as are the holidays. Before the seasonal celebrations, consider year-end tax planning moves to benefit you for both 2022 and 2023.