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Numerous Tax Limits Have Increased for 2020

02.04.20
An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be important to you and your business. Social Security Tax The amount of employees’ earnings that are...
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Mileage Rates Down in 2020

01.09.20
The Internal Revenue Service (IRS) finally issued the optional standard mileage rates for 2020 used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Doeren Mayhew has outlined the upda...
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R&D Tax Credits for Manufacturers

12.19.19
When most people think of research and development (R&D), they tend to think of technicians in a lab creating brand-new, state-of-the-art products. R&D takes place in many different fields, including manufacturing. The Internal Revenue Servic...
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