New Mileage Rates
The IRS announced 2023 mileage rates just in time to ring in the new year. This coming year, business rates increase by 3 cents per mile.? Beginning Jan. 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: These rates apply to electric and hybrid-electric […]
1099-K Update
1099-K Latest Update
2022 AND 2023 KEY TAX FIGURES
New 1099-K Reporting Making Cents of the Change
As result of the American Rescue Plan Act of 2021, third-party platforms that create holding accounts and / or settle funds between two parties will be under more scrutiny than ever before. This will include well known app’s such as, CashApp, PayPal, Venmo, Etsy, etc. Take note that Zelle is NOT a third-party network because […]
