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2018 Mileage Rate Increase

Starting on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54.5 cents for every mile of business travel driven, up 1 cent from the rate for 2017. 18 cents per mile driven for medical or moving purposes, up 1 cent from the […]

Pay your SALT Now!

The new Republican tax bill would cap the deduction for state and local taxes at $10,000 through 2025. This will be the total deduction allowable for state income tax, local tax and property taxes.  For those of you living in high tax states such as California and New York, pay your state and local income […]

What’s in the New Tax Reform Plan?

Trump’s Tax Reform Plan By David Floyd | Updated December 16, 2017 — 3:05 PM EST House and Senate Republicans released the text of a bill to overhaul the federal tax code on Dec. 15, with final votes expected the following week. The bill represents a compromise between two significantly different bills the two chambers passed over the preceding […]

How to Unlock Hidden Cash From Your Accounts Receivable

Have you ever wondered why you can’t pay your vendors?  Have you ever taken a good, hard, serious look at your accounts receivable?  Your accounts receivable could be a very good source of cash if properly managed.  Do not let them get old.  The older your accounts receivable get, the harder they are to collect.  […]

The Importance of Accounting and Bookkeeping

During my career, I have come across many companies who simply do not understand the importance of maintaining a good, clean set of books.  These are the companies that are unwilling to spend the money where it is needed most.  The value of a good bookkeeper and/or a solid accounting department is worth their weight […]