With the 2024 IRS mileage rate, you can claim $0.67 per mile for business-related driving. The IRS mileage rate for 2023 is $0.655 per mile, applicable from January 1, 2023, until December 31, 2023. When using the standard mileage rate, you can also claim parking and toll costs for your[…]
Read More »If you own a small company, you may be considering structuring your business as a limited liability corporation or LLC. LLCs are seen as a favorable entity type by many business owners. The “limited liability” portion of the name means that the personal assets of the members of the LLC[…]
Read More »The Internal Revenue Service encouraged taxpayers who missed the April tax-filing deadline to file a tax return as soon as they can. The IRS offers different resources to help those who may be unable to pay their tax bill in total. Those who missed the deadline to file but owe[…]
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