What is a Gig? The Oxford dictionary defines a Gig as “a performance by musicians playing popular music or jazz…
Category: Business Income
2020 Mileage Reimbursement Calculator
Mileage reimbursement calculator for the tax year 2020 helps a taxpayer to compute deduction allowable as per the standard mileage rate declared by IRS under mileage reimbursement policy, whichever is greater from the gross total income. You can read announcement by IRS about the mileage reimbursement rate for the tax year 2020.
IRS Issues Per Diem Rates 2019 for deductible business travel expenses
The Internal Revenue Service issued Notice 2019-55 which elaborates new per diem rates 2019 effective from Oct. 1, 2019. These…
