Business travel can be costly. Hotel bills, airfare or train tickets, cab fare, public transportation – it can all add up fast. The good news is business travelers may be able off-set some of those cost by claiming business travel deductions when they file their taxes. Here
Read more →Announcement 2022-13 advises that the Internal Revenue Service is revising the optional standard mileage rates that were provided in Notice 2022-3, 2022-2 I.R.B. 308, for substantiating the costs of operating an automobile for business, medical or moving purposes. Beginning July 1, 2022, the rates are 62.5 cents
Read more →Here’s what businesses need to know about the enhanced business meal deduction The IRS encourages businesses to begin planning now to take advantage of tax benefits available to them when they file their 2022 federal income tax return. This includes the enhanced business meal deduction. For
Read more →The Tarrant County Small Business Grant Program is providing financial assistance to small businesses in Tarrant County that have been adversely affected by the current COVID-19 pandemic. $30 million in CARES Act funds have been allocated to the program by the Tarrant County Commissioners Court. The grant
Read more →On Wednesday, June 3, the Senate passed the Paycheck Protection Program Flexibility Act of 2020. The bill, which had previously passed the House and which President Trump signed today, makes significant improvements to the Paycheck Protection Program (PPP) by easing the rules for loan forgiveness. Changes include
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