Now that it’s the new year, it’s time for a fresh start in a lot of ways, including your bookkeeping. But you can’t look ahead very effectively if you’re not sure where you are now, so it is strongly recommended that you take stock of the state of your QuickBooks company file. Are you caught […]

Monday, January 23, 2023, marks the start of the 2023 tax season and the date the IRS begins accepting and processing 2022 tax year returns. More than 168 million individual tax returns are expected to be filed, with the vast majority coming before the April 18 tax deadline. Of note, this year is that there […]

Every year, it’s a sure bet that there will be changes to current tax law, and this year is no different. From standard deductions to health savings accounts and tax rate schedules, here’s a checklist of tax changes to help you plan the year ahead. Individuals In 2023, a number of tax provisions are affected […]

Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be as follows. These rates apply to electric and hybrid-electric automobiles and gasoline and diesel-powered vehicles. 65.5 cents per mile driven for business use, up 3 cents from the midyear increase setting the […]