For the last few months, because of the decline in market value of Bitcoin, there has been less talk and enthusiasm about “investing” in Bitcoin, or “hedging inflation” with Bitcoin.
However, Bitcoin may rebound and this Bitcoin Fever may well re-appear with constant discussion and debate regarding Continue reading Bitcoin is Property on Federal Taxes
Welcome 2015! As the new year rolls around, it’s always a sure bet that there will be changes to current tax law and 2015 is no different. From health savings accounts to retirement contributions and standard deductions, here’s a checklist of tax changes to help you plan the year ahead.
Individuals
For 2015, more than 40 tax provisions are affected by Continue reading Tax Changes for 2015: A CFO Checklist
Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup or panel truck are:
These optional standard mileage rates are used to calculate the deductible costs of Continue reading IRS 2015 Standard Mileage Rates
Some natural disasters are more common in the summer. But major events such as hurricanes, tornadoes and fires can strike at any time, so it’s a good idea to plan for what to do in case of a disaster. You can help make your recovery easier by keeping your tax and financial records safe. Here are some basic steps you can take now to prepare:
During January
All employers – Give your employees their copies of Form W-2 for 2014 by February 2, 2015. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by February 2.
January 12
Employees – who work for tips. Continue reading Tax Due Dates for January 2015
