January is always a busy month for companies. You’re trying to get business off to a good start in the new year, you’re trying to close the books on last year, and there’s 1099 reporting to complete by month-end. There are several variations of the information returns...
The IRS reminds businesses that the special credit for hiring veterans will expire soon. Companies that hire unemployed military veterans may qualify for a tax credit of up to $5,600 ($9,600 for vets with service-related disabilities). The credit is available for vets...
The IRS has increased the standard mileage rates to be used in computing the deductible costs of operating a vehicle for business or when driving for medical or moving reasons. The new rates will apply to vehicle mileage starting January 1, 2013. The revised rates are...
Peter Witts, CPA PC and other Bridgewood Plaza Businesses will again be hosting a Holiday Stroll. Come down to the Bridgewood Plaza and get into the Christmas Spirit. Events at the Holiday Stroll include: Scavenger Hunt Raffle Prizes Free Samples Pictures with Santa...
In our most recent newsletter there was an article that discussed changes to allowable airfare. Just in case you missed it here is a link to the article. If you like the article feel free to sign-up for our bi-weekly newsletter at the bottom of the page!
A law passed in 2008 requires brokers to report an investor’s basis in stocks and mutual fund shares when these investments are sold. The final step in these new reporting requirements was to become effective for debt instruments and options on January 1, 2013. The...
