Industry News & Firm Updates
Standard Mileage Rates for 2022
Starting January 1, 2022, the standard mileage rates for the use of a car, van, pickup, or panel truck are as follows: 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021 18 cents per mile driven for medical or moving purposes for...
Watch Out for Holiday Gift Card Scams
There's never an off-season when it comes to scammers and thieves who want to trick people into scamming them out of money, stealing their personal information, or talking them into engaging in questionable behavior with their taxes. While scam attempts typically peak...
Important Tax Changes for Individuals and Businesses 2022
Every year, it's a sure bet that there will be changes to current tax law, and this year is no different. From standard deductions to health savings accounts and tax rate schedules, here's a checklist of tax changes to help you plan the year ahead. Individuals In...
Getting Ready for the 2022 Tax Filing Season
Filing your tax return promises to be just as complicated as always - especially if you received stimulus payments or advance child tax credit payments. However, there are steps that taxpayers can take right now to make sure their tax filing experience goes smoothly...
ABIP Adopts a Family
ABIP has committed to being a Family Sponsor as part of the Houston Children’s Charity & San Antonio Family Services Adopt-A-Family program this holiday season! This was a huge privilege and an incredible opportunity for ABIP to create some “Christmas Magic” by...
Tax Credit for Hiring Long-Term Unemployed Workers
Tax Credit for Hiring Long-Term Unemployed Workers With many businesses facing a tight job market, employers should know about a valuable tax credit available to them for hiring long-term unemployment recipients and other groups of workers facing significant barriers...
Highlights of the Infrastructure Investment and Jobs Act
Highlights of the Infrastructure Investment and Jobs Act While the recently passed Infrastructure Investment and Jobs Act primarily addresses infrastructure-related issues, it includes several tax provisions affecting individuals and small business taxpayers. Let's...
Small Business Taxpayers: The Year in Review
Small Business Taxpayers: The Year in Review Here's what business owners need to know about tax changes for 2021. Standard Mileage Rates The standard mileage rate in 2021 is 56 cents per business mile driven. Health Care Tax Credit for Small Businesses Small business...