In May 2023, state lawmakers passed a plan that calls for residents to receive a tax rebate. The state has a surplus, which means rebates for millions of state taxpayers.
IRS Boosts Standard Cents-Per-Mile Rates for July 1 Through December 31, 2022
Posted by Murry Guy, CPA on Jun 15, 2022
For the final six months of 2022, the standard mileage rate for business travel will increase by 4 cents per mile, from 58.5 to 62.5 cents per mile, according to IRS Announcement 2022-13. The rate for deductible medical or moving expenses will likewise increase from 18 to 22 cents per mile.
Posted in Alerts
Back To School Sales Tax Holiday Weekend July 2021
Posted by Michael D. Machen, CPA, CVA on Jul 14, 2021
The State of Alabama will be participating in the 16th annual Back-to-School Sales Tax Holiday weekend for school-related items. This special shopping period will start at 12:01 a.m. on Friday, July 16, 2021, and end at midnight on Sunday, July 18, 2021.
Posted in Alerts
The State of Alabama will be participating in the 15th annual Back-to-School Sales Tax Holiday Weekend beginning Friday, July 17 through Sunday, July 19. This special shopping period will start at 12:01 a.m. on Friday, July 17, and end at midnight on Sunday, July 19.
Posted in Alerts
Crises can bring out the best in many people — but perversely, they can also bring out the worst. Many scammers are trying to take advantage of the complex bailout provisions for individuals and businesses. Be on the lookout for a surge of calls and emails from scammers trying to cheat you with promises of financial relief, just when you may be feeling desperate. Tax-related fraud and identity theft scammers are out and about looking to make a quick — and crooked — buck.
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Alabama will hold its ninth annual Severe Weather Preparedness Sales Tax Holiday, beginning Friday, February 21st through Sunday, February 23rd. The Severe Weather Preparedness Sales Tax Holiday allows shoppers to stock up, tax-free, on items needed to prepare for a weather emergency or natural disaster.
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Alabama's 14th annual sales tax holiday for back-to-school items will be Friday, July 19, 2019, through Sunday, July 21, 2019.
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There are several different types of tax-free weekend events in the U.S. Some apply to Energy Star products or hurricane preparedness, or back-to-school shopping needs. This year the State of Alabama will be participating in the Back-to-School Sales Tax Holiday Weekend beginning Friday, July 20 through Sunday, July 22. Alabama’s 13th Back-to-School Sales Tax Holiday will begin at 12:01 a.m. on Friday, July 20, and end at midnight on Sunday, July 22.
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School Supplies Needed for Texas School Students
Posted by Michael D. Machen, CPA, CVA on Sep 25, 2017
Machen McChesney will serve as a drop-off location for the school supplies needed for children in Beaumont, Texas.
Posted in Alerts
There are several different types of tax-free weekend events in the U.S. Some apply to Energy Star products or hurricane preparedness, or back-to-school shopping needs. This year the State of Alabama will be participating in the Back-to-School Sales Tax Holiday Weekend beginning Friday, July 21 through Sunday, July 23.
Posted in Alerts