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What to Know About Tax Rates

What to Know About Tax Rates

A tax rate is the percentage (0-100%) of your income that is taxed. Taxes are amounts deducted from money that you own or earn. Income tax is the most common application of a tax rate. To demonstrate this notion, consider someone who recently received $50 for a...
Small Business Taxpayers: The Year in Review

Small Business Taxpayers: The Year in Review

Here’s what company owners should know about 2022 tax legislation Standard Mileage Rates Because of inflation, there were 2 standard mileage rates in 2022: 62.5 cents per business mile driven (July 1-December 31, 2022) and 58.5 per business mile driven (January 1-June...