Finally… we’re getting a (small) break from the IRS! The IRS released its mileage reimbursement rates for 2022 on December 17, and we are seeing some benefits for business, individuals, and other organizations. Effective January 1, 2022, the following rates will apply: 58.5 cents per mile driven for business use (an increase of 2.5 cents …
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The LBC Team had a wonderful time at The Village Teahouse in West Point, PA (www.thevillageteahouse.com) on the morning of December 17, 2021, for their office holiday party. As often happens when you get a group of accountants together, conversation quickly turned to work. We are all excited about the new clients we’re bringing on …
The Employee Retention Tax Credit (ERTC) was extended through December 31, 2021, with the passage of the American Rescue Plan in March; given the wind of Congress’ discussions, it seems unlikely that it will be extended further. However, employers can still take advantage of the ERTC, though they will want to act quickly. If you …
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