Advanced Child Tax Credit Information

If you received the Advanced Child Tax Credit, you will receive a letter from the IRS (Letter 6419) detailing how much you received. Please take this information along with your other tax documents to your tax professional. http://ow.ly/U42B50Hn3Pp

Small Business Tax Information

How does your state rank for business taxes? There are a lot of great things in this article. With well over 90% of all business being small business it is important to make sure you aren’t going to be taxes into oblivion. Link to full article is here if you want more information. http://ow.ly/73Fu50HeOtL

New Auto Use rates

After decreasing two years in a row, the rate by which taxpayers may compute their deductions for costs of using an automobile for business purposes will go up to 58.5 cents per mile for the 2022 tax year, an increase of 2.5 cents per mile over the 2021 rate.