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Damawa Tax & Accounting Services, LLC

What’s in the GOP’s final tax plan – 16 key provisions...

FOR INDIVIDUAL FILERS 1. Lowers (many) individual rates: The bill preserves seven tax brackets, but changes the rates that apply to: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Today's rates are 10%, 15%, 25%, 28%, 33%, 35% and 39.6%. Here's how much...

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Damawa Tax & Accounting Services, LLC

Standard Mileage Rates for 2018 Up from Rates for 2017

IR-2017-204, Dec. 14, 2017 WASHINGTON ― The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving...

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Damawa Tax & Accounting Services, LLC

2016 Tax Season Starts on Monday, January 23th, 2017

2017 Tax Filing Season Begins Jan. 23 for Nation’s Taxpayers, Tax Returns Due April 18 IR-2016-167, Dec. 9, 2016 WASHINGTON ― The Internal Revenue Service announced today...

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Damawa Tax & Accounting Services, LLC

10 reasons why you need an accountant for your business

According to Steve Ash, marketing communications writer, Xero Accounting Software, keeping on top of your small business finances can be complicated, so hiring an accountant is the right thing for your business. Here are 10 reasons why taking on an...

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Damawa Tax & Accounting Services, LLC

IRS ANNOUNCED 2017 FEDERAL TAX REFUND DELAYS

Beginning in 2017, a new law requires the IRS to hold refunds on tax returns claiming the Earned Income Tax Credit or the Additional Child Tax Credit until mid-February. Under the change required by Congress in the Protecting Americans from Tax...

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Damawa Tax & Accounting Services, LLC

IRS Announced New Business, Medical, & Moving “Standard Mileage Rates”.

2017 Standard Mileage Rates for Business, Medical and Moving Announced IR-2016-169, Dec.13, 2016 WASHINGTON — The Internal Revenue Service today issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating...

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