Last July the IRS raised the business mileage rate to $0.585 per mile due to the rapidly rising fuel prices. Now that the price of gas has significantly decreased the IRS has lowered the mileage rate for 2009 to $0.55 per mile for business use.
The mileage rate for medical use is now $0.24 per mile.
The mileage rater for charitable purposes is $0.14 per mile.
Wednesday, February 18, 2009
Thursday, February 12, 2009
New Year, New Business
By now you should be through the headache of year-end payroll reporting requirements and sending out the 1099's to your eligible vendors. Did you get caught in a time crunch? Or miss some of those very time-sensitive filing dates?
Maybe you should consider out-sourcing your bookkeeping needs so that you don't need to pay late penalties and interest charges next year. It can be a cost effective solution. A few hours a month may be all you require to get a handle on your books.
Maybe you should consider out-sourcing your bookkeeping needs so that you don't need to pay late penalties and interest charges next year. It can be a cost effective solution. A few hours a month may be all you require to get a handle on your books.
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