Standard Mileage Rates IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) will increase by 1¢ to 56.5¢ per mile for business travel after 2012. This rate can also be used by employers to reimburse[...]
A client of ours was recently forming a partnership with another individual. The two individuals had a desire to form a partnership of equals but only one partner had the ability to contribute cash. Our client wanted to know if it was possible to contribute[...]
For the last several years we have been faced with year-end legislation, late forms, and other changes that add to the complexity and confusion in our tax code. This year will be no different. There are many expiring provisions that may or may not be[...]
The U.S. Small Business Administration (SBA) is a federal government agency that administers loan guaranty programs and other support services to encourage growth and development of small businesses throughout the United States. Since its founding on July 30, 1953, according to the Federal Government, the[...]