Blog
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IRS Announces 2015 Mileage Rates
We will get an extra 1 ½ cents a mile for our business mileage next year. The IRS announced the 2015 business mileage rate will be 57.5 cents per mile in 2015. The medical mileage rate for 2015 was actually …
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Small Business Saturday
We kick off the holiday shopping season with Black Friday, and Cyber Monday, but did you know there is a Small Business Saturday too? Of course it is just another marketing gimmick, but I think it is an important message …
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Are you ready for year-end?
The snow has come early this year and perhaps that is making me think about the end of the year. As I start running around buying groceries for Thanksgiving and presents for Christmas, it is easy to forget about business. …
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Property Assessment on Residential Rental Real Estate in Allen County
Many of our clients have residential rental properties. The trick to making this type of investment profitable is to keep expenses as low as possible. One of the constant expenses with rental property is the property tax. A homestead exemption …
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Using a Credit Card in your Business
A lot of businesses use credit cards for purchases in their businesses and use them for anything from buying office supplies to inventory to cash advances. For some businesses, these credit cards are indispensable. It’s easy to have a corporate …
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Christmas and Holiday Employee Bonuses and Gifts
It’s almost that time of year when the winter coats come out and we look deep in the closet for those stocking hats and gloves. We either find last year’s window scrapers or buy new ones and make sure that …
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Its Time to Start Thinking about Tax Time!!!
The 4th quarter of 2014 just started and I start to do a lot of tax projections this time of year for my clients. I’ll call my business owners with pass through businesses and we’ll discuss business performance and expectations …
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Easy way for Indiana residents to save a lot of money on their income taxes
Indiana offers a very generous tax credit if you donate money or property to a qualified institution of higher education. Indiana has recently clarified the rules. For individuals the rules are as follows: This is a non-refundable Indiana tax credit …
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Corporate and Partnership income tax extensions
The Internal Revenue Service (IRS) requires that corporate income tax returns be filed on or before March 15th each year (Since the 15th was on a Saturday this year the actual deadline in 2014 was March 17th). An extension can …
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Indiana Crowdfunding Rules
This year Indiana implemented a set of rules for companies who wish to utilize crowdfunding to raise capital for their Indiana start up company. It is now possible for Indiana start up companies to use crowdfunding to raise money from …
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