The web and social media are definitely changing the way we do business and it would appear that the government does not want to be left behind. First the IRS introduced their informational videos for small biz owners and the self employed, then followed suit with a Facebook page (also a FB page for tax professionals). Now the IRS and other governmental agencies continue to throw their hats into the social media scene, with some rather neat apps lately.
The IRS, U.S. Department of Labor and the Small Business Administration all have introduced smart phone apps that allow small biz owners, and their employees access to governmental services while on the go. Here's is a quick video about their new apps.
Do you think that the new apps will provide small biz owners and taxpayers with faster more efficient access to governmental resources? Feel free to let us know your thoughts.
The Tech Accountant
Sunday, June 26, 2011
Thursday, June 23, 2011
IR-2011-69: IRS Increases Mileage Rate to 55.5 Cents per Mile
IR-2011-69: IRS Increases Mileage Rate to 55.5 Cents per Mile
The IRS has increased the standard mileage rate for the rest of the year starting on July 1st to %55.5 cents a mile. The standard rate is used to deduct the costs of operating a vehicle for business or other purposes. The IRS attributes the increase to the rise in gas prices and their effort is to offset taxpayers costs.
The IRS also increased the rate for deducting medical and moving expenses to $23.5 cents per mile. The rate for charitable mileage remains the same.
Taxpayers who use their automobiles for business purposes may also want to track actual mileage to ensure that they are reaping the most tax benefit. There are special rules regarding actual versus standard mileage rates so be sure to speak with your tax professional for additional guidance.
The Tech Accountant
The IRS has increased the standard mileage rate for the rest of the year starting on July 1st to %55.5 cents a mile. The standard rate is used to deduct the costs of operating a vehicle for business or other purposes. The IRS attributes the increase to the rise in gas prices and their effort is to offset taxpayers costs.
The IRS also increased the rate for deducting medical and moving expenses to $23.5 cents per mile. The rate for charitable mileage remains the same.
Taxpayers who use their automobiles for business purposes may also want to track actual mileage to ensure that they are reaping the most tax benefit. There are special rules regarding actual versus standard mileage rates so be sure to speak with your tax professional for additional guidance.
The Tech Accountant
Friday, June 17, 2011
DOL Timesheet App for iPhone
Travelers RMplusonline
Good ole Uncle Sam is at it again.
There's a new app for the iPhone that many small biz owners may not be to thrilled about. The DOL has recently released an iPhone app that will allow hourly employees to track their own hours to ensure that they are paid the correct amount. This may open up a can of worms for many small biz owners who may not have accurate employment records and may also increase the amount of fraudulent wage compliants filed with the DOL.
Take a look at the article and let me know your thoughts about this new app. Also if you have an iPhone, iPod touch, or iPad be sure to download the app and try it out for yourself and let us know what you think of it.
The Tech Accountant
Good ole Uncle Sam is at it again.
There's a new app for the iPhone that many small biz owners may not be to thrilled about. The DOL has recently released an iPhone app that will allow hourly employees to track their own hours to ensure that they are paid the correct amount. This may open up a can of worms for many small biz owners who may not have accurate employment records and may also increase the amount of fraudulent wage compliants filed with the DOL.
Take a look at the article and let me know your thoughts about this new app. Also if you have an iPhone, iPod touch, or iPad be sure to download the app and try it out for yourself and let us know what you think of it.
The Tech Accountant
Saturday, June 11, 2011
15 Tech Factors to Watch For
Small biz owners and consumers both will like this quick (about 7mins or so) video that provides 15 tech factors to watch for and a look into the future of the internet and how we all will use it. Much of the video confirms the information that I heard recently at a social media seminar regarding the growth of social networks and how consumers use the internet.
Watch the video here
What does this mean for a small biz owner? Technology will be an important and integral part of your marketing, operational, and long term strategy. Small biz's will look more to social networks for customers and clients, using cloud services can keep the small biz owner connected and by embracing technology your small biz will be better positioned for growth.
So what do you think small biz owner's? Are you currently using technology (social media, smart phones, cloud computing) in your small business?
Look forward to hearing from you.
The Tech Accountant
Watch the video here
What does this mean for a small biz owner? Technology will be an important and integral part of your marketing, operational, and long term strategy. Small biz's will look more to social networks for customers and clients, using cloud services can keep the small biz owner connected and by embracing technology your small biz will be better positioned for growth.
So what do you think small biz owner's? Are you currently using technology (social media, smart phones, cloud computing) in your small business?
Look forward to hearing from you.
The Tech Accountant
Thursday, June 02, 2011
SBA Offers iPhone App for Small Businesses
SBA Offers iPhone App for Small Businesses
Here's a cool way to stay interacted with the SBA and help get your small biz up and running. I just downloaded it and will play around with it today. Should be a great app since Palo Alto is know for there great business plan software.
The Tech Accountant
Here's a cool way to stay interacted with the SBA and help get your small biz up and running. I just downloaded it and will play around with it today. Should be a great app since Palo Alto is know for there great business plan software.
The Tech Accountant
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