Hays Accounting

12/30/2021

IRS issued new mileage rates for 2022...

IR-2021-251, December 17, 2021 — The Internal Revenue Service today issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

12/30/2021

Don't forget to make Charitable Contributions before 12-31-21. You can deduct up to $600 even if you take the standard deduction.

Get a closer look at why the IRS is encouraging taxpayers to make charitable contributions by December 31, 2021.

11/12/2021

Net Profit and your cash balance are not the only factors you should be looking at in your accounting reports. In our latest blog article, we describe six key factors to pay attention to.
https://conta.cc/3bZ8anI

11/11/2021

While Net Profit and your cash balance are probably the first two numbers you look at on your monthly Profit and Loss Statement, don’t stop there. There are a lot more gems you can glean if you dig a little deeper and look at the data through the six lenses that we describe in our latest blog article.
https://conta.cc/3bZ8anI

11/07/2021

Do you time-batch your tasks? Here’s an example: Rather than answer each email as it comes in, think about blocking out three times a day where you check and clear your email. You can apply this time-batching concept to just about everything to gain efficiency: phone calls, attending meetings, running errands, etc.

Learn more about the benefits of time-batching and other time management tricks here:
https://conta.cc/3mHeer1

11/06/2021

Our latest blog article, “The Four-D Time Management Trick to Boost Your Efficiency”, discusses how the four-D time management trick can give you an instant boost of efficiency and productivity. Learn more in our latest blog article:
https://conta.cc/3mHeer1

11/05/2021

When you think about it, there are only four actions you can take against any one of the many tasks you have on your plate:
1. Do it.
2. Delegate it.
3. Delay it.
4. Delete it.

As you approach each task on your to-do list, ask yourself which one of the four D’s is best. Learn more about this time management trick in our latest blog article:
https://conta.cc/3mHeer1

11/04/2021

Time is our most precious personal resource; once we’ve spent it, we’ll never get it back. As busy entrepreneurs, we seem to have less time than anyone else, so it just makes sense to look for ways to use our time wisely. We have one technique that has worked for many. Find out what it is here:
https://conta.cc/3mHeer1

04/09/2021

The IRS issued guidance on the temporary rule that allows a 100% deduction for eligible restaurant meals in 2021 and 2022.

04/06/2021

Arizona individual returns have been extended to May 17th to match Federal. 1st Qtr estimated tax payments are still due Apr 15th though.

I just signed S.B. 1297 to extend the state individual income tax filing deadline from April 15 to May 17 to match the federal government’s extension. Thank you, Senator T.J. Shope and Representative Shawnna Bolick, for leading on legislation that will simplify the tax filing process for Arizonans.

01/15/2021

Hot off the press... IRS to start accepting e-filed individual returns on Feb 12th.