516-749-4985
Tax News and Updates
***REPORTING OF BENEFICIAL OWNERSHIP INFORMATION***
Beginning January 1, 2024, certain types of corporations, LLCs, and other similar entities created in or registered in the United States must report information about their "beneficial owners" to the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). We have sent several emails regarding the requirements. As noted previously, we will not be able to prepare this document for you. Please refer to the links below regarding additional information on this reporting requirement.
​
IRS TAX WITHHOLDING ESTIMATOR & 2024 W-4
Improved Tax Withholding Estimator helps workers target the refund they want; shows how to fill out new 2024 W-4
https://www.irs.gov/individuals/tax-withholding-estimator
​
Upload the new 2024 w-4 form to update your employee withholdings. Tap on "Read More"
2024Â Standard MIleage Rate-IRS
The standard mileage rate for transportation or travel expenses is 67 cents per mile for all miles of business use (business standard mileage rate).
The medical and moving mileage rates are now 21 cents per mile.
Charitable mileage rates remain unchanged at 14 cents per mile.