RYBD NEWS
IRS Announces New Mileage Reimbursement Rates
The IRS has issued a midyear increase to the 2022 standard mileage rates due to the high cost of fuel. Effective July 1, 2022, there …
Some Small Business Owners Can Pay State Income Taxes at Entity-level and Capture a Tax Deduction
Over the years, the tax code has changed many times and the most recent large piece of legislation, the ‘Tax Cuts and Jobs Act, was …
Keep an eye on your mailbox – Georgia is issuing refunds to many Georgia taxpayers!
In March, Governor Kemp signed a bill to give state income refunds to people who filed tax returns in Georgia for 2020 and 2021. Those …
When RYBD Recommends QuickBooks Online vs. QuickBooks Desktop
80% of small, growing, service-based businesses use some form of QuickBooks®. That’s more than 29 million small businesses in America that depend on this industry-standard …
Keeping Clean Books Can Help Minimize Taxes
Bookkeeping is definitely one business activity that rewards an ounce of prevention. For many businesses owners who are fresh off their end-of-the-year financial close, staying …
Let your financial statements guide you to optimal business decisions
Now that 2022 is up and running, business owners can expect to face a few challenges and tough choices as the year rolls along. No …
Review your strategic plan…and look ahead
Business owners, year-end is officially here. It may even be over by the time you read this. (If so, Happy New Year!) In any case, …
IRS announces adjustments to key retirement plan limits
In Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement plans. Here are some highlights: Elective deferrals. …
