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Vrakas CPAs, Here Are Your Articles for Wednesday, January 15, 2020
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IRS Issues Standard Mileage Rates for 2020

The Internal Revenue Service recently issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

MGI Worldwide and CPAAI Merge to Create Major International Accounting Network

Global accountancy network MGI Worldwide and association CPA Associates International have announced they merged on January 1, 2020 to create a new organization with 257 member firms around the world.

Do a Paycheck Checkup

Especially in the wake of tax reform, some taxpayers could find themselves owing the IRS if they don't adjust their tax withholding. Click through so you won't have sticker shock when you file your return.

The Myth of the 20% Down Payment

Conventional wisdom holds that you should put down 20% to buy a house. But this is not always necessary, or even wise. Click through to learn there's a much bigger story -- and that you need to educate yourself before writing a check.

Just What Is an Information Return?

Certain kinds of business payments trigger the need for what are called "information returns." Just what are they and what are your responsibilities? Click through for a list of the kinds of transactions you have to report.

Baby on the Way: Knowing All About Maternity and Paternity Leave

There's a good chance you'll eventually have to deal with some kind of parental leave in your office, whether it involves an employee or employee spouse pregnancy, or an adoption. Click through for some insights in creating a policy.

Local Entertainment And Events Calendar

You'll always know where the fun's going on with our interactive local events calendar featuring social sharing, images, videos and ticket links. Click through to see what's happening or to add your own local events.

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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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