This page is where you will find major updates to small business, payroll, and individual news.
WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes.
The Bureau of Labor Statistics shows that 20 percent of new businesses fail in the first two years of operation. So, how can you successfully launch and run your business?
WASHINGTON — The Internal Revenue Service reminds taxpayers who pay estimated taxes that the deadline to pay their second quarter tax liability is June 15.