Recent Articles of Interest

March 24, 2020

The password manager LastPass reminds us to stay safe while staying home!

December 31, 2019

The standard mileage rates effective January 1, 2020, have been lowered to $0.575 for business use and $0.17 for medical or moving purposes.  Mileage for charitable service is unchanged at $0.17.

December 14, 2018

On January 1, 2019, the mileage rate for business use increases 3.5 cents to $0.58.  For medical miles drive, the rate goes up 2 cents to $0.20.  Mileage for charitable reasons remains unchanged.

November 5, 2018

The IRS has released a new publication, Tax Reform Basics for Individuals and Families, which is available here and on their website IRS.gov/getready.  The publication provides an overview of last year's Tax Cuts and Jobs Act, explains the changes that taxpayers can expect when filing their 2018 taxes, and suggests what can be done now to avoid any surprises later. 

October 10, 2018

The rate to mail a one-ounce, first-class letter increases on January 27, 2019, to $0.55 (from $0.50), but that second ounce will only be $0.15 compared to the current $0.21.

December 14, 2017

The standard mileage rates next year go up one cent to 54.5 cents for business miles and to 18 cents for medical or moving purposes, while mileage for charitable service remains unchanged at 14 cents.  Remember to keep accurate, detailed mileage logs with your tax records.

July 28, 2015

Asking your accountant questions ahead of time helps you both be prepared!

April 10, 2015

Filing is great, and scanning is better!  But, for how long?  Check out BankRate.com's guidelines for when to destroy or delete your financial records, if at all.

December 2013

Now is the best time to plan for the future, and not just next year.  According to an article in this month's Costco Connection, "the best way to start the financial forecasting process is by looking backward at your company's recent financial history."  This data from your accountant or bookkeeper is the best guide with which you can estimate your future income and expenses. 

November 13, 2013

Intuit's Small Business Blog provides some tips for filing 1099s.  Most importantly, get a W-9 from anyone to whom you write a check.  Preparing now will ease the pain in January.

November 12, 2013

Foxbusiness.com reports keeping business and personal accounts separate, clearly tracking income and expenses, and avoiding cash transactions are three ways to help in the event of an audit, the focus of which has turned to small-business partnerships this year.

July 9, 2013

Are you getting the most, and the most value, out of your CPA or accountant?  Ask questions, and get answers that interpret your data into information you can use to grow your business and meet your goals.

February 20, 2013

This book review provides information for any size family at any age.  Resources found on the Links page under "Your Money" can help!

August 3, 2011

Are there things we never have to do?  Here are some examples of keeping it classy and not apologizing.

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