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Author Archives: Louise Savoie

Damawa Tax & Accounting Services, LLC

IRS issues standard mileage rates for 2022

IR-2021-251, December 17, 2021 WASHINGTON — The Internal Revenue Service today issued the 2022 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

IRS issues information letters to Advance Child Tax Credit recipients and...

IR-2021-255, December 22, 2021 WASHINGTON — The Internal Revenue Service announced today that it will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the third round of the Economic...

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Ways to Make Payroll Efficient for Your Business

Payroll is one of the biggest expenses of any business or organization, but it’s also necessary for your company’s success. We can all agree that payroll is complex and time consuming, and can easily turn into a nightmare if done carelessly....

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Why It Pays to Hire a Tax Professional for Your Business

For many business owners, the day-to-day responsibilities of running a business already take up most of their time and energy. Hence, many business owners employ tax services in Ohio to manage their taxes. Preparing and filing taxes on your own...

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Tax Benefits, Its Forms, and How They Affect You

A tax benefit is a law that allows you to reduce the taxes that you have to pay as long as you are eligible. The amount that you save varies depending on the type of tax benefit that you claim because they are entirely different. They come in...

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Why You Should Consider Outsourcing

We’re sure you’re noticing this trend among large and small business owners alike. We’re talking about outsourcing Accounting Services. Thanks to the rise of high-speed internet, we now have access to experts who can help us with all sorts...

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