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Business Tips

Small Business Taxpayers: Accounting Method Changes

June 30, 2022June 30, 2022 Accounting News, Blog, Business Tips

Recently, the IRS and Treasury released two revenue procedures on accounting method changes for small business taxpayers. Rev. Procs. 2022-9 and 2022-14 enable small business taxpayers, not a tax shelter, to obtain automatic consent to change to simplified methods of accounting, i.e., cash […]

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Find A Quick Way To Protect Sensitive Information

December 17, 2021 Blog, Business Tips

Business owners have a lot of sensitive information, including contact information, passwords, credit card data, and more. With all the technology at our fingertips, it’s hard to find ways to keep it safe.   That’s why I wanted to share […]

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Meals and Entertainment Business Deduction Rules

January 20, 2021January 20, 2021 Blog, Business Tips

Want to take me to lunch? The IRS issued final regulations implementing provisions of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, that disallow a business deduction for most entertainment expenses. The regulations also clarify […]

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Recent Tax Changes and Proposed Relief for Taxpayers and Employers

March 23, 2020June 2, 2020 Business Tips, Tax

The past couple of weeks have been unprecedented, scary, and even a little crazy to say the least. A lot has been happening that we want to tell you about as it relates to your taxes, business, and families. View […]

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How to “Audit-Proof” Your Records

February 25, 2020 audit, Blog, Business Tips

Selling real estate requires realtors to be on the go all the time. It’s difficult to keep any kind of records under those circumstances, but there are some things you can do. Here are some steps you can take for […]

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IMPORTANT UPDATES

July 1: IRS increases mileage rate for the remainder of 2022 to 62.5 cents per mile. Learn more.

March 15: SBA Announces Existing COVID-19 EIDL Program Borrowers to Receive an Additional Deferment

Feb. 18: The IRS is successfully processing tax returns and delivering refunds starting January 24.

Feb. 16: IRS provides details on relief for Schedule K-2 and K-3 reporting and new frequently asked questions (FAQs)

Feb. 14: IRS suspends more than a dozen automated notices, including collection issues. Visit IRS.gov for payment options.

Jan. 8: Tax filing deadline is April 18, 2022. Why the extension?

Recent Posts

  • Small Business Taxpayers: Accounting Method Changes
  • Find A Quick Way To Protect Sensitive Information
  • Year-End Business Tax Test
  • Save Time and Money – How to Set Up Your Bookkeeping for Your Accountant
  • Individual Federal and MD State Tax Deadline Shift

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M.S. Febrey CPA
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Gaithersburg, MD 20878

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Tax Return Due Date 2022

Federal: Monday, April 18, 2022
MD/State: July 15, 2022

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