Monthly Archives: January 2012

Bring your corporate minutes up to date

Writing up the minutes of board of directors’ meetings is not exactly a high priority for most business owners. Yet well-documented corporate minutes can provide valuable supporting evidence if your tax positions are ever questioned. Minutes are especially important where … Continue reading

Posted in business, corporate income tax, Income Tax | Comments Off on Bring your corporate minutes up to date

Tax time is the right time for a financial review

Now is an ideal time to review your financial affairs. You have to gather information to prepare your tax return at this time. Why not take one more step and do something positive for your financial well-being? The following suggestions … Continue reading

Posted in Uncategorized | Comments Off on Tax time is the right time for a financial review

IRS announces business mileage rate for 2012

The IRS recently announced that the mileage rate for business driving in 2012 will be 55.5¢ a mile. The rate can be used for cars, vans, pickups, and panel trucks. Companies that don’t want to keep track of the actual … Continue reading

Posted in Uncategorized | Comments Off on IRS announces business mileage rate for 2012