Capitol Connection Q&A for Contractors - Week of December 19, 2015
By Shauna Krause, President, Capitol Services, Inc.
A Sunshine State contractor has a Golden State dream that is a coast-to-coast wakeup call on waivers. First, a General contractor with another dream wants advice on how to obtain specialty licenses for his children’s future…
IRS Raises Standard Mileage Rates
The IRS this week issued the 2015 optional standard mileage rates used to calculate tax deductions for operating a vehicle for business, charitable, medical or moving purposes.
Beginning on Jan. 1, the standard mileage rates will be 57.5 cents per mile for using a vehicle for business purposes, up from 56 cents in 2014. The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile.
Capitol Connection Q&A for Contractors - Week of December 15, 2014
By Shauna Krause, President, Capitol Services, Inc.
Cash ‘under the table’ won’t be a benefit for anyone working in that scenario, whether you are the ‘employee’ or the contractor breaking the law. While most questions have a yes or no, in some cases the answer I give you depends on whether you are ‘domestic’ or ‘foreign’…