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D. I. Johnson & Co., Ltd.
Making Numbers Count

 

 

 

Is QuickBooks Helping the IRS Audit Your Books?                                               Click here for info

Closing your books at year end                                                                   Closing_the_Books_for_Year

Good Accounting Practices Tips                                                                _Practical Tips for Your_Business

 Article on Auto Expense Substantiation                                            Reminder__Support_Your_Auto_Expenses

 

Beginning on Jan. 1, 2011, the standard mileage rates for the use of a car (also vans, pickups or panel

trucks) is:

 * 51 cents per mile for business miles driven through June 30 and 55 1/2 cents from July through December.

* 19 cents per mile driven for medical or moving purposes.

* 14 cents per mile driven in service of charitable organizations.

 

Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car (also vans, pickups or panel

trucks) is:

  * 55 1/2 cents per mile for business miles driven.

* 23 cents per mile driven for medical or moving purposes.

* 14 cents per mile driven in service of charitable organizations.

 

 

 

 

IRS Circular 230 disclosure:

 

 

 

To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. Federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.  This advice may not be forwarded without our express written consent.