Click on this article link to see the difference between MSP (Managed Service Provider) versus VMS (Vendor Management System):
Wrote this article for The Staffing Stream regarding cross-border providers. If you’ve ever been curious how taxes could affect Her Royal Highness the Duchess of Sussex, Meghan Markle, click below for an interesting read!
The 2020 standard mileage rate for transportation or travel expenses is now 57.5¢ for all miles of business use.
The 2020 standard mileage rate is 17¢ per mile for use of an auto for medical care.
The standard mileage rate is 14¢ per mile for use of an auto for charity.
Keep in mind for 2019 to 2025, a taxpayer can no longer deduct employment expenses unless they are in the military, or performing artists or states that allow it. Self-employed individuals and businesses can still deduct their mileage expenses.
The first edition of our updated newsletter “Candid Talks With Joe” is now available! There are quite a few new laws just passed and more included in this newsletter!
Check it out by clicking link below:
Watch for our newsletter coming up soon that goes over a number of tax changes that are retroactive to 2018:
Tuition and Fees Deduction
Mortgage Insurance Premiums
Principal Residence Debt Forgiveness
Positive Changes to 529 Plans
Wondering when the Per Diem Revenue Procedure was ever going to be updated? Well the IRS just updated it! Click the following link to go to new IRS Revenue Procedure 2019-48 which addresses per diems. This replaces IRS Revenue Procedure 2011-47.
Click here for information about California Individual Health Care Mandate: https://www.ftb.ca.gov/about-ftb/newsroom/news-articles/health-care-mandate.html