by HintonBurdick | Dec 1, 2020 | News
Here’s what business owners need to know about tax changes for 2020. Standard Mileage Rates The standard mileage rate in 2020 is 57.5 cents per business mile driven. Health Care Tax Credit for Small Businesses Small business employers who pay at least half the...
by HintonBurdick | Dec 1, 2020 | News
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 2020. Personal Exemptions Personal exemptions are eliminated for tax years 2018 through 2025. Standard Deductions The standard...
by HintonBurdick | Nov 16, 2020 | Advisory
Whether you are a business owner or an individual trying to stay on top of what you spend, knowing where your money is going is essential. There is nothing worse than getting to the end of the month or year and finding out you can’t pay your bills. It is cliché to...
by HintonBurdick | Nov 2, 2020 | News
While many taxpayers already know about Individual Retirement Arrangements, or IRAs, and have set up an IRA with a bank or other financial institution, a life insurance company, mutual fund or stockbroker, there are other taxpayers such as those new to the workforce...
by HintonBurdick | Nov 2, 2020 | News
Unfortunately, disaster can strike at any time. If you’ve been affected by a disaster this year, here are six tax-related things to keep in mind that usually happen after a major disaster strikes: 1. FEMA Declaration of Major Disaster Area Before the IRS can...
