IR-2018-251, December 14, 2018 — The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
The Tax Cuts and Jobs Act of 2017 drastically changed the United States' tax code. This new law will affect every income tax return filed from 2018 to 2025 (when the individual provisions of the Act are scheduled to expire).
Here are a few key tax-related deadlines for businesses during Q1 of 2019. JAN. 31: File 2018 Forms W-2 with the Social Security Administration and provide copies to employees. Also provide copies of 2018 Forms 1099-MISC to recipients and, if reporting nonemployee compensation in Box 7, file, too. FEB. 28: File 2018 Forms 1099-MISC if not required earlier and paper filing. MAR. 15: If a calendar-year partnership or S corp., file or extend your 2018 tax return. bit.ly/2PlOBbk... See MoreSee Less
It’s a great time of year for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday parties. Gifts to customers are generally deductible up to $25 per recipient per year. De minimis, noncash gifts to employees aren’t included in their taxable income yet are still deductible by you. Holiday parties are fully deductible provided they’re primarily for the benefit of non-highly-compensated employees and their families. If customers attend, parties may be partially deductible. bit.ly/2r7ciKY... See MoreSee Less
Our partner group is taking a break from meetings to host a reception for the students and faculty of the accounting and finance departments. A fun evening with some wonderful people! #TheWorldNeedsMoreCowboys #GoWyo ... See MoreSee Less
The Casper area is home to many wonderful locally owned businesses. Remember to get out there and support our friends and neighbors during the holidays and all year long! #SmallBizSat #ShopSmall ... See MoreSee Less
Our offices will close at 2pm on Wednesday, November 21st and will remain closed until Monday, November 26th to allow our employees to spend time with their families over the Thanksgiving holiday. We hope you all have a safe and happy Thanksgiving! ... See MoreSee Less