News - the IRS has raised the standard mileage rates, good for small businesses and their driving dependent business uses. This will allow them to deduct more for all auto-related expenses, and thus save some bucks on taxes. Thanks IRS.
Back story - the NFIB (National Federation of Independent Businesses), biggest lobbying arm of the small company world had a hand in it. No surprise, since this issue came up as the second highest concern of small business owners in the NFIB's most recent survey. Cost of health insurance continues to be the biggest concern of the surveyed companies.
Strike one for the little guy.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment