Accountable CFO, LLC

🔹New standard mileage rate. for the remainder of the year 🔹.

We all know that gas prices have been rising lately with no end in sight. The IRS just put out an announcement on June 9th that the final 6 months of 2022 you’ll be able to expense .625 cents per mile. This is up 4 cents from the start of the year.

However, like all deduction, documentation is key. Try these tips to keep your deductions at maximum.

* Make sure you have a mileage log. This is the most important requirement as without the log the IRS could disallow the expense forcing you to pay it back.

*There is now two rates for 2022 .625 from July 1 to Dec 31st and .585 from Jan 1, to June 31.

Make sure you keep the money you earn in your pocket.

Small business owners: Confused about how to structure your business to maximize tax savings?

Live Q&A: The 5 tax planning strategies that maximize savings and minimize taxes.

You'll be able to ask your questions Live and in person.

Some of what we'll cover

How to structure your business and when to change it.

How to hire your kids and save for their education while lowering your tax obligations

5 little known tax strategies that willow you to save more money and pay less taxes

Best tax hacks to use before the end of the year

Have I peaked your interest?

Then sign up for the live Q&A on August 4th 2022 @ 10 am CST

You can sign up here https://www.accountablecfo.xyz

This event is totally free and completely in person. Have questions on deductions, credits or just plain old tax questions then join here.