IRS Sets Standard Mileage Rates for 2021

 The IRS announced the new business use mileage rates for 2021:

  • 56 cents per mile for business use, down 1.5 cents from the rate for 2020;

  • 16 cents per mile for medical or moving purposes for qualified active duty members of the armed forces, down 1 cent from the 2020 rate; and,

  • 14 cents per mile in service of charitable organizations, a rate set by statute and unchanged from 2020.
Taxpayers can use the standard mileage rate but must opt to use it in the first year the car is available for business use. Then, in later years, they can choose either the standard mileage rate or actual expenses. Leased vehicles must use the standard mileage rate method for the entire lease period (including renewals) if the standard mileage rate is chosen.

For more info, see Notice 2021-02 or contact us.

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2020 Tax Returns

We're gearing up for 2020 tax return preparation.  Available for year-end planning calls and scheduling preparation beginning January 15.  

CPA and other preparation firms - we can fill your crunch time hours on a contract basis.  Let us know what you need.

Phone 720-203-3327

Online https://www.advantagebusinessresources.com/p/contac.html 


The Changing Scenery

April 11, 2020

 Business in many ways may never be the same.  Gartner, the research and advisory firm, surveyed 317 CFOs and Finance leaders and 74% stated that they will move more of their positions to permanent remote status.  Nearly a quarter of the respondents plan to move at least 20% of their on-site employees to remote positions.

 If you are considering remote transition, we can help, from CFO to administrative to bookkeeping to tax compliance and planning.

 Call or email us today for your free consultation!

 You can read more about the Gartner survey here.

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Remote Services Specialist

March 27, 2020

As specialists in remote tax and accounting services, we can help your company not just survive, but thrive.  Whether tax preparation, monthly bookkeeping, or even CFO services, we can help you!

We're available at your convenience for a free consultation.  Call or email us today!

Stay safe and watch out for each other!

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QuickBooks News!

January 15, 2020

Advantage Business Resources qualified for certification as a QuickBooks ProAdvisor.  For more information, please visit our profile here.  We're available for a free onsite consultation.  Email us using the contact form on the website page.

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Enrolled Agent Status Update

January 31, 2020

 ABR CEO David Kinney has passed the qualifying tests for appointment to practice before the IRS.  Final acceptance and issuance of the enrollment documents is expected by April 1.

 UPDATE: Enrollment status confirmed by IRS - ID #140006-EA.  Enrollment is valid through March 31, 2023.

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