Dalby, Wendland & Co. News

Standard Mileage Rates for 2020

The IRS announced the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5

2021-04-12T14:54:37-06:00December 31st, 2019|

Tax Law Changes – Further Consolidated Appropriations Act

Highlights of the Further Consolidated Appropriations Act, 2020 The federal government spending package titled the Further Consolidated Appropriations Act, 2020, does more than just fund the government. It extends certain income tax provisions that had already expired or that were due to expire at the end of 2019. The agreement

2021-04-12T14:54:37-06:00December 30th, 2019|

Manage Your Working Capital

Working capital is calculated as the difference between a company’s current assets and current liabilities. For a business to thrive, working capital must be greater than zero. A positive balance enables the company to meet its short-term cash flow needs and grow. And, too much working capital can be a

2021-04-12T14:54:37-06:00December 17th, 2019|

Taxpayer Filing Status

For tax purposes, December 31 is more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year. When you file your return, you do so with one of five filing statuses, which depend in part on whether you’re

2021-04-12T14:54:38-06:00December 10th, 2019|
Go to Top