The OBBA is here and comes with some significant changes. Officially signed into law on July 4th, the OBBA introduces new provisions, removes existing, and expands certain provisions from the 2017 Tax Cut and Jobs Act (TCJA) impacting individuals and businesses. Since a number of these provisions take effect in 2025 and 2026, it would […]
By now, we have all taken notice to the increase in gas prices. Let’s be honest, gas prices have skyrocketed. Thankfully, the IRS has taken notice and acted on this issue. Effective July 1st the mileage rate is now 62.5 cents per mile, up 4 cents from 2021. To break this down into dollars, let’s […]
by adminAttention online stores and E-Commerce websites!! This one is especially for you. Remember the times when you ordered online from amazon.com and they didn’t charge you tax; a beacon of joy would take over you. Or better yet, if you had a business and you didn’t have to concern yourself with calculating and collecting sales […]
by Jasmine Lynch