Misc

IR-2016-170 WASHINGTON – As tax filing season approaches, the Internal Revenue Service is reminding taxpayers there are things they should do now to get ready for filing season. For most taxpayers, Dec. 31 is the last day to take actions that will impact their 2016 tax returns. For example, charitable contributions are deductible in the…

IR-2016-162 WASHINGTON – As tax filing season approaches, the Internal Revenue Service has information for taxpayers who wonder how long to keep tax returns and other documents. Generally, the IRS recommends keeping copies of tax returns and supporting documents at least three years. Some documents should be kept up to seven years in case a…

IR-2016-169 WASHINGTON — The Internal Revenue Service today issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:…

IR-2016-143, Oct. 28, 2016 WASHINGTON — The Internal Revenue Service today reminded employers and small businesses of a new Jan. 31 filing deadline for Forms W-2. The IRS must also hold some refunds until Feb. 15. A new federal law, aimed at making it easier for the IRS to detect and prevent refund fraud, will…

Hurricane Matthew Information Update President Barack Obama declared a major disaster exists in the State of South Carolina, late Tuesday afternoon, and ordered Federal aid to supplement state and local recovery efforts in 13 counties most severely affected by Hurricane Matthew. On October 10, Governor Haley formally requested a disaster declaration from the White House…

Due to the recent flooding in Charleston, clients might be interested in ways they can potentially minimize the effects of flood damage. Hurricane Joaquin affected many taxpayers in South Carolina. Some individuals may have been victims of flood damage resulting in damages to their home and/or personal property. Due to the amount of damage, the…

With the number of accounting firms out there growing, finding the one for you can easily become an overwhelming experience. So, how do you go about choosing the right accounting firm? Start with the basics. View the article here.

Making the decision to start a new business venture can be exciting. Though often the culmination of a long-time vision and months or even years of research and planning, still, it’s essential to slow down and focus on the details as well… View the article here.

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