2018 Standard Mileage Rates
Late in the afternoon on Thursday December 16, 2017 the IRS released the 2018 standard mileage rates with Notice 2018-03. These rates are used for calculating deductible amounts related to business mileage, charitable deduction mileage, medical mileage, and mileage related…
2018 Inflation Adjustment Amounts
The IRS has released various limitations and amounts tied to cost of living adjustments and can change year over year. Listed are common items for taxpayers.
Sharing the Load
As Sam, one of my favorite characters in The Lord of the Rings said to Frodo, the hobbit who was attempting to make the perilous journey from The Shire to Mount Doom to destroy the one ring, “share the load.”…
Free Oregon Money
It is official! The state of Oregon has approved a $463 million kicker related to the 2016 tax year. The surplus means that the State of Oregon will be kicking income tax dollars back to Oregon taxpayers. Although taxpayers will…
Small Business Owner Deduction Hack
A common question amongst people seems to be, “How do I go about paying less taxes?” As a CPA, I have never heard someone ask, “How can I pay more taxes?” If you are a small business owner, particularly one…
Targeted Tax Planning Ideas to Minimize Taxes
It is beginning to be that time of the year again, where the weather changes, trees are changing colors and dropping leaves, baseball season is coming to an end, and football season is starting to hit its stride.