Tax Resources for Accountants and Small Businesses (U.S.)
When you need access to your IRS tax records, it’s important to understand that there are two different ways to obtain them, depending on what exactly you need. You can request a full copy...
Federal quarterly taxes, also known as estimated taxes, are payments made directly to the Internal Revenue Service (IRS) throughout the year. These payments cover income that is not subject to automatic withholding, such as...
Current Applicable Federal Rates (AFR) The Applicable Federal Rates (AFR) are monthly interest rates published by the IRS and used for tax purposes such as loans between related parties, imputed interest rules, and other...
Quarterly taxes in California are estimated payments made throughout the year to cover your federal income tax, federal self-employment tax, and California state income tax. If you earn income without automatic withholding, you...
Preparing documents before starting your tax return helps prevent filing errors and IRS processing delays. This 1040 filing checklist 2025 provides a clear overview of what taxpayers should prepare before completing Form 1040. The...
Overview Calculating Michigan sales and use tax is relatively straightforward due to the state’s flat rate system. Michigan applies a uniform 6% tax rate with no local variations, which makes it ideal for simple...
Overview Michigan applies a uniform indirect tax system: Sales Tax: 6% Use Tax: 6% Local Sales Taxes: None The absence of local surtaxes makes Michigan one of the more straightforward U.S. jurisdictions for indirect...
Many taxpayers in the United States are required to pay estimated taxes throughout the year rather than waiting until they file an annual return. Estimated taxes are typically paid quarterly using IRS Form 1040-ES and...
Filing taxes can be stressful, especially when time runs short. Fortunately, the Internal Revenue Service (IRS) provides a solution for taxpayers who need more time: Form 4868, officially titled Application for Automatic Extension of...
If you want to quickly estimate tax, you can use a California sales tax calculator to get instant results. California Sales Tax (2026 Guide) California has one of the most complex sales tax systems...
Truck driver per diem in the United States follows special IRS rules for the transportation industry. If you drive away from your tax home and need sleep or rest, you may qualify to use...
Last updated by a CPA in March 2026. When an employee travels away from the office and incurs expenses, the company should reimburse them. Whether travelling across the world or just driving their car...
Last updated by a CPA in March 2026. Employee expense reimbursement documents are essential for compliance, tax reporting, and accurate accounting. Businesses must maintain proper documentation such as receipts, expense reports, and mileage logs...
Last updated by a CPA in March 2026. Are Employee Reimbursements Taxable? In most cases, they are not taxable if they are paid under an IRS-compliant accountable plan. However, reimbursements paid under a nonaccountable...
Last updated by a CPA in March 2026. On the Fringes: The Ins and Outs of Fringe Benefits Fringe Benefits In order to attract and retain quality employees, most employers offer some time of...
What the IRS Fringe Benefit Guide (Publication 15-B) Covers The Internal Revenue Service (IRS) Publication 15-B is a guide for employers that explains how fringe benefits should be treated for tax purposes. It provides...
SWIFT/BIC codes identify banks for international wire transfers. Below you’ll find a list of commonly used SWIFT codes for major US banks, plus an official source and a lookup tool to confirm the correct...
Break Even Point Calculator (BEP) The break-even point (BEP) represents the level of sales where a company’s total revenue equals its total costs. At this point, a business does not make a profit but...
What Is the Applicable Federal Rate (AFR)? The Applicable Federal Rate (AFR) is the minimum interest rate that the Internal Revenue Service (IRS) allows for private loans and other financial transactions between related parties....
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...
When choosing between the standard mileage vs actual expenses 2025 deduction methods, it’s important to know how each affects your taxes, records, and refund. Understanding both options helps you select the approach that offers...