Monthly GAB

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4 02, 2016

IRS Announces 2016 Standard Mileage Rates

By | 2016-02-04T12:01:16+00:00 February 4th, 2016|Blog, Monthly GAB, Small Business GAB|Comments Off on IRS Announces 2016 Standard Mileage Rates

As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (or a van, pickup [...]

4 02, 2016

Household Help: Employee or Contractor?

By | 2016-02-04T11:18:55+00:00 February 4th, 2016|Blog, Monthly GAB, The Tax GAB|Comments Off on Household Help: Employee or Contractor?

Frequently taxpayers will hire an individual or firm to provide services at the taxpayer’s home. Because the IRS requires employers to withhold taxes for employees and issue them W-2s at the end of the year, the big question is whether or not that individual is a household employee. Whether a household worker is considered an [...]