Tax & Accounting

IRS 2016 Standard Mileage Rates

The Internal Revenue Service 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes are as follows:
 
Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

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Small Business Health Care Tax Credit. Did You Claim Yours?

Small Business Health Care Tax Credit. Did You Claim Yours?

The tax deadline is looming for us all and we are hoping that your accountant checked to see if you were elligible for the health care tax credit. It's a simple calculation to determine if you are elligible or not. Michaels & Associates, PC has done this for all its clients. Did your accountant perform the calculation for you? Do you know if they did?

Read more: Small Business Health Care Tax Credit. Did You Claim Yours?