Increased Mileage Rates for 2023
Beginning January 1, 2023 the standard mileage rates are: Subscribe today to never miss a post!
Category Business
2022-2023 Per Diem Rate for Truckers
Notice 2022-44 released the 2022-2023 special per diem rates for those in the transportation industry to be effective as of October 1, 2022. The new meal and incidental expenses (M&IE) rates for truckers is $69. This rate increased $3 from…
Increased Mileage Rates for Remainder of 2022
Due to the rise in fuel prices, the IRS issued an increase in standard mileage rates for the second half of the year. Effective from July 1, 2022 through December 31, 2022: 62.5 cents per mile for business miles driven…
Increased Mileage Rates for 2022
Beginning January 1, 2022 the standard mileage rates are: 58.5 cents per mile for business miles driven (up from 56 cents in 2021) 18 cents per mile for medical or moving purposes (up from 16 cents in 2021) 14 cents…
COVID sick pay, family leave, and vaccination leave tax credits available through September 2021
As we see COVID cases and hospitalization rates increase in recent weeks, we would like to remind employers in Central Iowa that COVID relief legislation includes payroll tax credits (available through September 30, 2021) to help reduce the spread of…
PPP Changes & Round 2 Availability
As seems to be the ongoing trend….the Paycheck Protection Program (PPP) has changed again. Here’s what we know as of now! The Biden administration announced new rules, changing eligibility for self-employed (schedule C) businesses. PPP loans can now be based…
Iowa Restaurant and Bar Relief Grant Program
The Iowa Restaurant and Bar Relief Program will provide financial relief to some of the most impacted businesses during the COVID-19 pandemic, restaurants and bars. Eligible businesses must show a decrease in gross sales of at least 15% during the…
PPP Reopens the Week of January 11
The Paycheck Protection Program is reopening for applications again today. Please review the important information below outlining updates to the Paycheck Protection Program. If you would like BakerStarrett’s assistance determining eligibility and applying for a PPP loan (this is a…
Decreased Mileage Rates for 2021
Beginning January 1, 2021 the standard mileage rates are: 56 cents per mile for business miles driven (down from 57.5 cents in 2020) 16 cents per mile for medical or moving purposes (down from 17 cents in 2021) 14 cents…
What’s In The COVID Relief Bill: Businesses
DISCLAIMER: The information below is based upon the most recently proposed legislation by Congress known as the COVID Relief Bill. This bill has not yet been signed or approved by the Office of the President as of the date of…