Standard mileage rates for 2015

In Notice 2014-79, the IRS gave 2015 standard mileage rates for calculating the deductible costs of operating a vehicle. For business use of a car, van, pickup truck, or panel truck, the 2015 rate is 57.5 cents per mile, slightly higher than the 56 cent rate that applied for 2014. The portion of the business standard mileage rate that is treated as depreciation is 24 cents per mile for 2015, up 2 cents from the 22-cent rate in effect for 2014. Driving for medical or moving purposes may be deducted at 23 cents per mile, which is one-half cent lower than for 2014. The rate for service to a charitable organization is unchanged, set by statute (Sec. 170(i)) at 14 cents a mile


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.