In Dec 2019, the IRS announced that the standard mileage rate that will be used for deducting operating costs for automobiles would be 57.5 cents per mile. This is half a cent lesser...
Posted by Flynn Financial Group Inc on 02/14/2020
A stretch IRA is a means to limit the distributions necessary for an older IRA, by avoiding the considerable collection of taxes in this process. Instead of designating the spouse...
Posted by Flynn Financial Group Inc on 01/30/2020
The holiday season is a good time for businesses to express gratitude to employees and customers by giving them gifts or hosting Christmas parties. However, before you start buying...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 01/30/2020
Do you want to know how to save money or how to strategically save money?These two are completely different. People who suddenly remember that they need to save money — whether...
Posted by Advanced Accounting & Tax Planning on 01/19/2020
Parents typically open custodial accounts if they want their children to save and invest because children in most states are not legally allowed to own financial assets. UTMA is one...
Posted by Advanced Accounting & Tax Planning on 01/19/2020
Estate planning law is slowly but surely catching up to modern technology. In most states, electronic wills are paved its way by the latest development. One that recognizes the...
Posted by Flynn Financial Group Inc on 12/29/2019
To pay for construction and repair of US bridges, roads, and interstate highways, gas taxes have often been considered an integrated ‘user fee’. Many states and the federal...
Posted by Debi G Hill, CPA on 11/26/2019
Gasoline taxes are often considered as integrated "user fees" for the payment of the construction and repair of American roads, bridges, and highways. While the cost of gasoline...
Posted by Advanced Accounting & Tax Planning on 11/25/2019
It’s important to learn how to calculate cost basis if you own a real estate business. Calculating your annual depreciation deduction requires the basis. It’s also needed...
Posted by LLOYD J CAZES CPA on 11/05/2019
