This article was published by the IRS. The Internal Revenue Service continues to open its Business Tax Account (BTA) to a growing number of business taxpayers, expanding the useful features available. The latest expansion makes this online self-service tool for business taxpayers available to C corporations. In addition, a person who can legally bind the corporation, [...]
This article was published by the IRS. The Internal Revenue Service has announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024. Optional standard milage rates are used to calculate the deductible [...]
All employers should be alert to a dangerous Form W-2 email scam. It's a threat to tax data and to your workers. These emails appear to come from someone in authority. They may say something like, "I'm analyzing some reports and need a copy of our W-2s for last year. Please send ASAP." Once the W-2s [...]
This article was published by the IRS. The Internal Revenue Service has issued a reminder that employers who offer educational assistance programs can also use them to help pay for their employees’ student loan obligations through Dec. 31, 2025. Though educational assistance programs have been available for many years, the option to use them to pay [...]
Did you know that you can make some corrections to your 1099s in QuickBooks Online even after filing them with the IRS? QuickBooks Online supports corrections for 1099 boxes, box amounts, form types, and contractor info. The IRS must accept the original filing before you can submit a correction. Watch this video for instructions on how [...]
