Controller Position Available
We are assisting our client in filling a Controller position. This position is with a local construction company and reports directly to the President of the company. Click here for more information.
News-Federal, 2008TAXDAY, (June 24, 2008), Item #I.2, IRS Increases Optional Standard mileage Rates for Second Half of 2008 (IR-2008-82; Ann. 2008-63)
In recognition of increasing gasoline prices, the IRS has announced an increase in the optional standard mileage rates for the second half of 2008. The standard mileage rate for business miles driven from July 1, 2008, through December 31, 2008, will be 58.5 cents per mile, an increase of eight cents over the rate for the first half of the year. The standard mileage rate for medical and moving expenses has been increased to 27 cents per mile from 19 cents per mile. The standard mileage rate for charitable purposes, however, remains unchanged at 14 cents per mile. Rev. Proc. 2007-70, I.R.B. 2007-50, 1162 is modified.
Status of the R&D Tax Credit
Many companies have taken advantage of this credit. While the credit expired December 2007 there is a bill pending in Congress to expand and extend it. It has been extended eleven times and expired twice. For more information on how to take advantage of the R&D Tax Credit, contact us.
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