Standard Mileage Rates for 2022

by Gabby Miller | Jan 10, 2022 | Business, Individuals, News, Newsletter, Taxes

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

by Gabby Miller | Jan 7, 2022 | Fraud, Individuals, News, Newsletter

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...

Important Tax Changes for Individuals and Businesses 2022

by Gabby Miller | Jan 6, 2022 | Business, Individuals, News, Newsletter, Taxes

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....

Tax Credit for Hiring Long-Term Unemployed Workers

by ABIP admin | Dec 6, 2021 | Business, COVID-19, Individuals, News, Newsletter, Taxes

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

by ABIP admin | Dec 3, 2021 | Business, COVID-19, Individuals, News, Newsletter, Taxes

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....

Individual Taxpayers: The Year in Review

by ABIP admin | Dec 1, 2021 | Accounting, Individuals, News, Newsletter, Real Estate, Taxes

Individual Taxpayers: The Year in Review As we close out the year and get ready for tax season, here’s what individuals and families need to know about tax provisions for 2021. Personal Exemptions Personal exemptions are eliminated for tax years 2018 through...