Tax Pro Plus
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Los Angeles, CA 90064
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- Important Tax Changes for Small Businesses
- Tax legislation passed late in December 2015 (the Protecting Americans from Tax Hikes Act) extended a number of favorable business provisions and made some others permanent. The provisions can have a significant impact on a business's taxes for 2016. Here is a rundown of those changes that need to be considered when preparing your 2016 and 2017 returns.
- Teacher Expenses and Your Tax Return
- Teachers! Get the most out of your tax deductions this tax season.
- Standard Mileage Rates for 2017 Announced
- As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
- 2017 Optional Standard Mileage Rates
- If you are a business traveler, you should know the standard mileage rate for 2017 dropped to 53.5 cents per mile.
- 1099 Filing Date Moved Up This Year; Don’t Get Trapped into Penalties
- If, in your business, you engage the services of an individual (independent contractor) other than one who meets the definition of an employee and you pay him or her $600 or more for the calendar year, you are required to issue him or her a Form 1099-MISC to avoid penalties and the prospect of losing the deduction for his or her labor and expenses in an audit.
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