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Month: June 2022

Payment Card and Third Party Network Transactions: 1099-K

Posted on by Krystal Dale

January 1st signaled the start of the new year as well as the start date for a number of new laws, rules, and regulations. Among them is one that will impact business owners utilizing third-party network payment providers, such as PayPal, Venmo, and Zelle and services by which independent contractors like Uber and Lyft received […]

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IRS Raises Standard Mileage Rate for Final Half of 2022

Posted on by Krystal Dale

The optional business standard mileage rate is used to compute the deductible costs of operating an automobile for business use in lieu of tracking actual costs. This rate is also used as a benchmark by the federal government and many businesses to reimburse their employees for mileage. Beyond the individual tax deduction, employers often use the […]

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