NOW is the time to review 2017. Is your business growing? ENTITY STRUCTURE may lower your taxes. BUSINESS INVESTMENT will help growth and lower your taxes. We can help with ENTITY STRUCTURE, OPERATIONS and PLANNING! Call now before year end to lower taxes.
NOW is the TIME! Take the TIME to analyze your finances NOW. This is the perfect TIME to determine if you need to invest in your business. Analyze your financial statements and tax returns; compare where you are this year compared to last year
NOW is the TIME! Take the TIME to analyze your finances NOW. This is the perfect TIME to determine if you need to invest in your business. Analyze your financial statements and tax returns; compare where you are this year compared to last year. This will help with the planning process. If you invest in your business this could save tax dollars and increase cash flow as well!
Time is running out! There is still TIME to minimize your tax liability for 2015 and plan for 2016! Call today to schedule you FREE consultation! 719-380-9513. We have 2 locations to serve you. Colorado Springs 80918 and in Falcon!
2016 Standard Mileage Rates for Business, Medical and Moving Announced
WASHINGTON — The Internal Revenue Service today issued the 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 (also vans, pickups or panel trucks) will be:
The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.
Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.
A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle. In addition, the business standard mileage rate cannot be used for more than four vehicles used simultaneously.
NOW is a great time to review your business formation. This can save significant tax dollars, reduce liability and address the going concern of your business.
Print or download the free Tax Organizer for 2015 to plan ahead now!