The Internal Revenue Service issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
The Internal Revenue Service simplified the paperwork and recordkeeping requirements for small businesses by raising from $500 to $2,500 the safe harbor threshold for deducting certain capital items.
Know your tax obligations
An innovative NORFOLKFIRST initiative presented by the Norfolk Department of Development
Five important tips for earning income from your hobbies
For more information about the HRSC and the upcoming AAU Junior Olympic Games, please visit HamptonRoadsSports.org
What You Need to Know about the Small Business Health Care Tax Credit and the Small Business Health Options Program (SHOP) Marketplace.
Members of the small business community, trade organizations and media are encouraged to attend.
Six important tips about income from self-employment
It is important to keep in mind the IRS generally does not initiate contact with taxpayers by email to request personal or financial information. This includes any type of electronic communication, such as text messages and social media channels. The IRS has information online that can help you protect yourself from email scams.