The Internal Revenue Service has announced the standard mileage rates for 2025. The rate will be 70 cents per mile for all business miles driven after December 31, 2024. This is an increase from the 67 cent rate that was in effect for 2024. However, the standard mileage rates for medical and moving expenses as well as for charitable purposes remain unchanged at 21 cents per mile and 14 cents per mile, respectively.
In this episode of the S.R. Snodgrass podcast series, HR Director Lenore Seifer interviews Connie Blatt, Small Business Accounting Support Supervisor.
A Compliance Update for the first quarter of 2025.
The Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department that is separate and distinct from the IRS, has implemented new beneficial ownership information (BOI) reporting requirements for certain types of entities that were created in or are registered to do business in the US and for organizers of these entities.
Security Update: Palo Alto Firewall Vulnerability Over 2,000 devices were hijacked/compromised last week just one day after Palo Alto Networks released patches for known security holes in their PAN-OS operating system.
