by GruffyGoat Team | Nov 27, 2012 | Uncategorized
The IRS recently released the 2013 mileage rates for calculating deductible costs of operating vehicles for business. (The rates are also applicable for charitable, medical, and moving costs). On Jan. 1, 2013, the standard mileage rates will increase to: 56.5 cents...
by GruffyGoat Team | Nov 26, 2012 | Uncategorized
You may qualify to receive a large tax credit through the Work Opportunity Tax Credit if you’ve hired veterans between Nov. 22, 2011 and December 31, 2012. The maximum tax credit is $9,600 per worker in for-profit businesses and $6,240 per worker in tax-exempt...
by GruffyGoat Team | Nov 20, 2012 | Uncategorized
The South Carolina Association of Certified Public Accountants has published an FAQ list to answer lingering questions about the recent compromise of the SC DOR database. The list includes answers to questions by individual taxpayers as well as business owners....
by GruffyGoat Team | Nov 19, 2012 | Uncategorized
You’ve probably heard by now about the cyber attack on the SC Department of Revenue, which resulted in 3.6 million Social Security numbers, 387,000 credit & debit card numbers, and 657,000 business tax filings being exposed. We sent out a couple of e-alerts,...
by GruffyGoat Team | Nov 14, 2012 | Uncategorized
Because of the international hacking scheme that exploited the South Carolina Department of Revenue’s database, many people are questioning the safety of e-filing. The process of e-filing itself is more secure than paper filing, and once taxpayers’ data is...
