Tax Resources for Accountants and Small Businesses (U.S.)
Using California’s official child support calculator is fairly straightforward once you know what information it expects. This short manual walks you through the process so you can prepare everything ahead of time and understand...
The California Child Support Calculator on this page summarizes how the official California Guideline Child Support Calculator works and what information you need before using it. California law requires courts to follow a statewide...
IRS Standard Mileage Rates by Year Year Business Medical / Moving Charitable 2025 70¢ 21¢ 14¢ 2024 67¢ 21¢ 14¢ 2023 65.5¢ 22¢ 14¢ 2022 58.5–62.5¢ 18–22¢ 14¢ 2021 56¢ 16¢ 14¢
What Is an Overtime Reset? An overtime reset refers to the point when the calculation of overtime hours starts over. Under the Fair Labor Standards Act (FLSA), overtime pay is based on a “workweek”...
UCOA – the Unified Chart of Accounts for nonprofit organizations, is designed so that nonprofits can can quickly and reliably translate their financial statements into the categories required by the IRS Form 990, the...
What Is a First B Notice? When you file Form 1099s and the Internal Revenue Service (IRS) identifies a vendor’s or payee’s name and Taxpayer Identification Number (TIN) combination as mismatched, you may receive...
What Is Adjusted Gross Income (AGI)? Adjusted Gross Income (AGI) is an IRS-defined measure of income calculated as gross income from all taxable sources minus specific adjustments allowed under the Internal Revenue Code. AGI...
What Is Modified Adjusted Gross Income (MAGI)? Modified Adjusted Gross Income (MAGI) is an IRS-defined calculation used to determine eligibility for several federal tax benefits. Although MAGI is based on Adjusted Gross Income (AGI),...
What is an IRS “B” Notice? A “B” Notice is a backup-withholding alert you must send when you receive a CP2100 or CP2100A notice from the IRS. It means the name and taxpayer identification number...
This article summarizes the official IRS and U.S. Treasury rules for recovering the cost of business property under Section 179 and Section 168(k) (bonus depreciation) for tax years beginning in 2025. All information below...
This page provides a month-by-month directory of official IRS Revenue Ruling PDFs that publish the Applicable Federal Rates (AFR) and related tax reference rates. For a detailed explanation of how AFR works, what short-,...
The IRS 2025 mileage rates establish new deduction amounts for business, medical, and charitable driving. For 2025, the rate is 70 cents per business mile, with updated limits for depreciation and vehicle valuation under...
Like Share Print Form 1040, U.S. Individual Income Tax Return Annual income tax return filed by citizens or residents of the United States. Instructions for Form 1040 Forms and Schedules for Form 1040 2013...
The Fair Labor Standards Act (FLSA) is a cornerstone of U.S. labor law that establishes nationwide rules on minimum wage, overtime pay, recordkeeping, and child labor. It was enacted in 1938 and is administered...
Applicable Federal Rate (AFR) – Explanation and IRS Monthly Updates The Applicable Federal Rate (AFR) is the minimum interest rate that the Internal Revenue Service (IRS) allows for private loans and other financial transactions...
The Applicable Federal Rate (AFR) is updated every month by the Internal Revenue Service (IRS). For 2025, AFR levels reflect the continuing adjustment of federal interest rates in response to broader economic trends and...
The Fair Labor Standards Act (FLSA) continues to evolve. In 2024–2025, the U.S. Department of Labor (DOL) issued new regulations on overtime pay and salary thresholds for exempt employees, followed by significant court rulings...
This article explains the official Health Savings Account (HSA) and Flexible Spending Account (FSA) contribution limits for tax year 2025. All figures are based on official IRS publications and related government sources. Health Savings...
This article explains Form 1099-K using only official guidance from the Internal Revenue Service (IRS). It is designed for U.S. small businesses, online sellers, accountants, and platforms that process payments for goods and services....
If you’ve received a CP 2100 Notice from the IRS, don’t panic — but don’t ignore it either. The notice means the IRS found a name and taxpayer identification number (TIN) mismatch or a...
Authority: U.S. Department of the Treasury – Financial Crimes Enforcement Network (FinCEN) Law: Corporate Transparency Act (CTA) Effective: January 1, 2024 (with amendments published March 21, 2025) What is BOI reporting Beneficial Ownership Information...