Author: Admin
-
Photo: Nick Fewings- Unsplash2024 Mileage Rates
Mileage rates for 2024 – for taxes filed in 2025 Effective January1 through Dec. 31, 2024, the standard mileage rates are as follows: Mileage Rate through 2024 (for Taxes filed in 2025) Purpose For business use 70 cents per mile For medical care and for moving active-duty members of the Armed Forces…
-
Photo: Wouch-Maloney -
Photo: AG-FinTax -
Photo: FreshBooksAnnual Report Reminder
This is to remind you that the Partnership/LLC/ Scorp/Corp annual report is due. Determine your company’s due date and fees (these vary by entity type).NC corporations (foreign and domestic) and partnerships (LLPs and LLLPs) must file an annual report by the 15th day of the 4th month after fiscal year end. The filing fee for…
-
Photo: Stacey-E.-BurkeQuarter 4 Estimates
4th quarter estimates will be due on January 15, 2025. Federal and state estimates are required for Schedule C filers, c-corporations and on pass-through entities such as s-corporations or partnerships since the tax structure is a pay-as-you-go system. Estimates may also be required if you have had any substantial taxable transactions where tax was not withheld…
-
Photo: Cornerstone Marketing SolutionsQuarter 3 Estimates
3rd quarter estimates will be due on September 16, 2024. Federal and state estimates are required for Schedule C filers, C-corporations and on pass-through entities such as S-corporations or partnerships since the tax structure is a pay-as-you-go system. Estimates may also be required if you have had any substantial taxable transactions where tax was not withheld,…
-
Photo: Slagle Strategic GroupBeneficial Ownership Reporting Update
Update on Beneficial Ownership Information Reporting and the Corporate Transparency Act From NATP, we want to inform you of significant developments that impact your work, so we want to share the latest updates regarding the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirements. On Dec. 3, 2024, a federal court issued…
-
Photo: KiplingerDecember Insights
Get ready for tax season. Assess any changes to your tax situation. Talk about making adjustments with your tax pro. 5. Did your income change this year — did your pay increase or decrease? Did you get a bonus? Make contributions to tax-advantaged accounts. Make any donations to charity. By Ellevest Team
-
Photo: InvestopediaNovember Insights
The Corporate Transparency Act (CTA) was enacted as part of the NationalDefense Act for Fiscal Year 2021. The CTA mandates that millions ofentities report their beneficial ownership information (BOI) to the FinancialCrimes Enforcement Network (FinCEN). This resource is meant to provide apreliminary overview of the provisions in the CTA and answer questions thatclients could raise…
-
Photo: Brady WareOctober Insights
IRS provides relief for Helene; various deadlines postponed to May 1, 2025; part or all of 7 states qualify WASHINGTON — The Internal Revenue Service today announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina and South Carolina and parts of Florida,…