Capitol Connection Q&A for Contractors - Week of January 6, 2014
By Shauna Krause, President, Capitol Services, Inc.
As we wrap up this year and look ahead to the next, we take a moment to reflect on some of our past ‘Q&A’. While some things change many never do…
From October 2001
Q: I am listed as an Officer on a corporation. I do not like the way things are going and want to get off this license as soon as possible. What do you suggest?
Internal Revenue Service and U.S. Treasury Issue Final Capitalization Regulations
From the Seiberlich Accountancy Corporation
Beware of New Extended Time Limits On Prevailing Wage Matters
from Abdulaziz, Grossbart & Rudman
IRS Cuts Standard Mileage Rates for 2014
The IRS on Dec. 6 issued the 2014 optional standard mileage rates used to calculate the deductible costs of driving for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2014, the standard mileage rate for using a car for business will be 56 cents per mile. The rate for driving for medical or moving purposes will be 23.5 cents per mile, and the rate for charitable services will be 14 cents per mile. The business, medical and moving expense rates have decreased one-half cent from 2013 rates.