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IRS Increases Mileage Rate to 55.5 Cents per Mile


WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes.

The rate will increase to 55.5 cents a mile for all business miles driven from July 1, 2011, through Dec. 31, 2011. This is an increase of 4.5 cents from the 51 cent rate in effect for the first six months of 2011, as set forth in Revenue Procedure 2010-51.

SACRAMENTO UPDATE - June 17, 2011 - The Budget that Wasn’t


from Kevin Pedrotti, Legislative Advocate for the Golden State Builders Exchanges

Within a 24 hour window, the legislature passed a budget, sent it the Governor and it was vetoed; a physical altercation occurred on the floor of the Assembly over the use of the word “mafia;” and a former republican leader of the Assembly was cited for DUI. You can’t make this stuff up.

Kalb's Q&A for Contractors - Week of June 20, 2011


By David Kalb, President of Capitol Services, Inc.
 
It’s nice to know people benefit regularly from our back and forth. Helping contractors overcome challenges is one of the primary goals of this Q&A.  Readers also know where to find answers they need when questions come up. This contractor’s first inquiry may provide significant help to others looking to increase the reach of their business. Another contractor helps illustrate that what works in California isn’t always applicable over the state border…
 

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