In the world of business, problems arise every day. A simple mistake in financial reporting can lead to consequences that set your business back. Keep your business moving forward with Darnall, Sikes & Frederick. We apply our technical expertise to a complete range of accounting and financial services in order to provide you with the security your business needs.
Cents-per-mile rate for business miles decreases slightly for 2020
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, to 57.5 cents per mile. As a result, you might claim a lower deduction for vehicle-related expense for 2020 than you can for 2019.
January 29, 20
Wayfair revisited — It’s time to review your sales tax obligations
In its 2018 decision in South Dakota v. Wayfair, the U.S. Supreme Court upheld South Dakota’s “economic nexus” statute, expanding the power of states to collect sales tax from remote sellers. Today, nearly every state with a sales tax has enacted a similar law, so if your company does business across state lines, it’s a good idea to reexamine your sales tax obligations.
January 24, 20
“Stay interviews” can provide critical retention insights
Why are you still here? It’s a deceptively simple question, and one best asked gently and constructively of your employees. Many employers are doing so by conducting “stay interviews” — one-on-one conversations between employees and their respective supervisors directed at strengthening engagement and improving retention.
January 22, 20