Expanding Internationally: What Small and Mid-Sized Businesses Need to Know

Businesses need to be aware of the many tax and related issues involved in becoming internationally active. Author: JERRY JONCKHEERE and RANDALL JANICZEK JERRY JONCKHEERE, CPA, is a partner with Plante Moran in Grand Rapids, Michigan, specializing in international tax planning. He is also a member of the firm’s National Tax Office, which monitors current…

Standard mileage rates for business, medical & moving increase 1¢ per mile for 2013

Dear Client, IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) will increase by 1¢ to 56.5¢ per mile for business travel after 2012. This rate can also be used by employers to reimburse tax-free under an accountable plan, employees who supply their own autos…

SBA 504 Loan Program

Dear Client, Just a heads up on an existing loan program for small business owners that you may be interested in that is sponsored by the SBA. It’s called the Small Business Administration 504 Loan Program. This is available for new equipment or building purchases, as well as, refinancing of commercial buildings that are owner…