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BOI (Beneficial Ownership Interest) penalties increased to $591

Yesterday, Victor Garrido, CPA, EA, had a zoom call presentation about the "Beneficial Ownership Information (BOI) Report to avoid criminal and civil penalties" for the Greater Philadelphia Chamber of Commerce and his members. As we mentioned in our presentation, there are items that will keep changing regarding the Corporate Transparency Act passed in 2021. One

By |2024-01-26T15:58:13+00:00January 26th, 2024|Categories: Business|Tags: , , , , , |

IRS increases mileage rate to 62.5 cents per mile

In the IRS IR-2022-124 released on June 9, 2022, the IRS increased the standard mileage rate for the second half of 2022. "The IRS is adjusting the standard mileage rates to better reflect the recent increase in fuel prices," said IRS Commissioner Chuck Rettig. "We are aware a number of unusual factors have come into

By |2024-11-18T00:04:47+00:00June 9th, 2022|Categories: Business, Individuals|Tags: , , , |
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