Tuesday, December 29, 2015

IRS Announced 2016 Standard Mileage Rates and They’re DOWN from 2015!!

The IRS announced on December 17, 2015 the new 2016 tax-deduction rates for using your vehicle for business, charity, medical and moving…

These rates tend to change from year to year, usually going up. This will not be the case for 2016!  Vehicle-Use tax-deduction rates will decrease in 2016:

• Business:  54¢ per mile (57.5¢ in 2015, decrease of 3.5¢)
• Charity:     14¢ per mile ( 14¢ 2015, No change)
• Medical:    19¢ per mile (23¢ in 2015, decrease of 4¢)
• Moving:    19¢ per mile (23¢ in 2015, decrease of 4¢)

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.

Stay up to date with the latest tax news and information at LAE Business Services.

Monday, December 7, 2015

Speed Up Opening Your QuickBooks® File

Does your QuickBooks® file seem to take forever to open? Did you remember to close those cumbersome reports before closing the company file?

The "Open Window List" is a great feature and one of the first things I make sure if open when I'm using a new file for the first time.

 With the Open Windows list so you can:
  • See each and every window currently open in QuickBooks®
  • Navigate between these windows quickly and easily
Activating the Open Windows list is a snap. 

  • Click View, then click Open Window List
Once that is done, a window box shows on the left hand side of your QuickBooks® - that screen will show all the open windows like the picture below:

 In the example picture above, there are 9 windows currently open - you can jump to any of them instantly by clicking on the desired window in the list. The open window list will also be a reminder of what you need to close before existing the program, so the next time you open your file it will open much faster without all those reports bogging it down.

Want more information on this or another QuickBooks® topic send an email to info@laebusiness.com