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S-Corp or LLC: Which Entity Is Better for You?

When you are starting a business or when you are doing some major change in the organization, getting the correct structure has a huge impact on your success. The right organizational entity helps the business or organization to achieve its goals...

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Damawa Tax & Accounting Services, LLC

2022 tax filing season begins Jan. 24; IRS outlines refund timing...

IR-2022-08, January 10, 2022 WASHINGTON — The Internal Revenue Service announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns. The January...

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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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