Sherri R. Scheffer, CPA, PLLC

06/10/2022

Standard mileage rate for business travel will be 62.5 cents per mile, effective 7/1/2022, the IRS announced.

03/13/2022

Tips for using Zoom better

This article offers Zoom tips that cover everything from basic reminders to advanced advice.

02/09/2022

The IRS is returning employees who used to process tax returns and other paperwork back to their old jobs for the next eight months to help the agency cut through its massive backlog. The IRS entered the start of tax filing season this year, which began Jan. 24, with more than 8 million original and amended individual returns unprocessed, another roughly 1.5 million unprocessed original and amended business returns and close to 5 million other letters and documents from taxpayers in response to IRS notices.

Current resources simply aren’t enough to overcome the challenge, the IRS commissioner said.

01/04/2022

Standard mileage rate to increase to 58.5 cents per mile for 2022.

The IRS issued the annual update of the mileage rate taxpayers may use to compute their deductible automobile costs.

09/09/2021

IRS updates business travel per diem rates

The allowances for determining deductions for lodging, meals, and incidental costs are slightly higher than before.

07/19/2021

Monthly Child tax Credit Payments started July 15th. This is an advance of the child tax credit, but you can opt out.

The payments will continue each month. The IRS urged people who normally aren't required to file a tax return to explore the tools available on IRS.gov. These tools can help determine eligibility for the advance Child Tax Credit or help people file a ...

06/24/2021

Repairing malfunctioning Excel formulas!!

Certain issues can prevent Excel from functioning as you might expect. Here are five fixes that can repair formulas that are not working properly.

06/24/2021

You can opt out of the advance payments of the child tax credit.

A new Internal Revenue Service online portal lets taxpayers unenroll from receiving advance payments of the 2021 child tax credit.

03/25/2021

Good news...

AICPA thanks Congress for passing the PPP Extension Act of 2021. We know our recommendation for an additional 60 days will greatly help small businesses to complete existing PPP loan applications and file new ones.

03/15/2021

https://www.irs.gov/newsroom/irs-begins-delivering-third-round-of-economic-impact-payments-to-americans?utm_source=IRS&utm_medium=Social&utm_campaign=3rd%20Stimulus&fbclid=IwAR35BFiK3imazOySXm0TfillBskoZ-dzNM5eTGQZNq6x3NWzeLU5Dzq-eFY

IR-2021-54, March 12, 2021 — The Internal Revenue Service announced today that the third round of Economic Impact Payments will begin reaching Americans over the next week.

03/04/2021

My ad in the Fort Bend Focus Magazine!

03/03/2021

IRS Still Processing 6.7 Million Returns from Last Year

The COVID-19 pandemic turned the tax season upside down last year, and even now millions of people are still dealing with the aftermath in 2021. The Internal Revenue Service said in mid-February that it had yet to process 6.7 million individual income...