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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.

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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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How to Improve Your Small Business Cash Flow.
Welcome to 2017. If you are a business owner it is the perfect time to start thinking of ways to improve cash flow and profitability. Maybe a rolling forecast is right for you.

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Bitcoin Transactions Coming Under IRS Scrutiny
Apparently the use of virtual currency in investment and business transactions has reached such proportions as to catch the IRS’s eye. Coinbase, the largest bitcoin exchange firm in the U.S., has been served with an IRS John Doe summons seeking records of all customer transactions with the company from 2013 through 2015. Sources familiar with the case indicate Coinbase will most likely oppose the summons.

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Excited About the Social Security Benefits Increase for 2017?
The Social Security Administration (SSA) announced that Social Security (SS) benefits will be revised for a cost-of-living adjustment (COLA) increase of 0.3% in 2017. While this is better than the 0% increase that occurred for 2016, don’t get excited; the typical older adult receiving benefits will see only a $4.00 increase in his or her monthly check to about $1,360, according to the SSA.

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