The Inflation Reduction Act is about to become law. Learn how its tax provisions might affect you.
Business owners: When it rains, it pours. Inflation may be putting a damper on economic optimism, but there are ways to brighten your horizons.
Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driving for the second half of 2022 from 58.5 cents per mile to 62.5 cents per mile.
Starting with the 2022 tax year, filing and receiving 1099-K forms will be much more complicated for many businesses and self-employed individuals.
If you receive payments through services such as Venmo or PayPal, be aware that there are new tax reporting requirements beginning this year.
Have you considered if you would benefit from Arizona’s recent tax law changes related to small business income?