Yes, the standard business mileage rate will go up in 2022
After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2022 by 2.5 cents per mile. The IRS recently announced that the cents-per-mile rate for the business use of a car, van, pickup or panel truck will […]
Key deadlines for employers in 2022 Q1
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January […]
Reforms may be on the way for Donor-Advised Funds
Donor-advised funds are a popular option to minimize capital gains tax, but a bill introduced this summer in the Senate could significantly impact these funds if it should be passed. The Accelerating Charitable Efforts (ACE) Act was introduced by Sens. Angus Kin of Maine and Chuck Grassley of Iowa in June. The ACE Act would […]
Don’t let sales tax on food delivery sales eat into your bottom line
Delivery is a key segment of food sales that restaurant owners need to watch carefully. Between the number of different delivery companies entering the market and marketplace rules, restaurant owners need to be careful that they are keeping track of who is remitting sales tax on delivery sales each month. The best way for restaurant […]
It’s personal now: Introducing Personal Bill Pay service
Antares Group is excited to announce a new service offering that can provide peace of mind for the busy professional or the entrepreneur who has sold their business and is now retired. Just like our Back Office Solutions services for businesses frees up our clients to focus on their business instead of on their bookkeeping […]
Aimee Gartner promoted to Marketing and Communications Director
Antares Group is pleased to announce the promotion of Aimee Gartner to Director of Marketing and Communications, effective October 1. Aimee joined Antares Group in November 2016 as the firm’s first Marketing and Communications Manager. Aimee graduated from the University of Georgia with a degree in Criminal Justice and a minor in French. She was […]
A look at some of the tax provisions in the Build Back Better bill
President Biden’s signature Build Back Better bill that passed in the House of Representatives contains a number of tax provisions that are designed to help pay for the $1.75 trillion legislation. The bill now heads to the Senate for consideration, where most congressional observers believe it will undergo a number of changes. While the final […]
Biden to sign $1.2T infrastructure bill
President Biden plans to sign on Monday, Nov. 15, the $1.2 trillion infrastructure bill recently passed by the House of Representatives and approved earlier this summer by the Senate. Below are some of the provisions included in the bill that will become law once President Biden signs the bill: The Employer Retention Tax Credit would […]
Rehiring retirees is now an option for addressing labor shortage
Nearly every business owner is feeling the pinch of the tight labor market but one option to consider is rehiring retirees or retain those employees who are past retirement age. Retaining long-term employees with a trusted track record and knowledge of your business can be a tremendous benefit, but this has not always been a […]
Did you get love mail from the IRS? Don’t panic!
Since March 2020, life has certainly changed for all of us and life at the Internal Revenue Service is no exception. With four tax legislative changes, the issuing of three separate rounds of stimulus checks, and out-of-date technology, who wouldn’t be a little behind? Unfortunately for taxpayers, this service lag can cause some big headaches. […]