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Category: Profit Margins

IRS Increases Mileage Rates Reimbursements for Second Half of 2022

The Internal Revenue Service will raise the optional standard mileage rate for the final six months of 2022 to help offset the rise in gas prices nationwide. The new rates to calculate the deductible costs of operating an automobile for business and certain other purposes become effective July 1, 2022, and will remain in place […]

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Financial Considerations When Setting Up a Legacy Giving Program

There’s a financial case for setting up a legacy giving program for your nonprofit, as legacy giving accounts for the third-largest source of charitable contributions behind individuals and foundations, respectively, but ahead of corporations. And of all fundraising types, legacy gifts offer the highest return on investment. Organizations can expect an average return of $56.83 […]

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3 Ways to Protect Your Business from Fraud and Scams

Business owners spend a lot of time and effort ensuring their operations run smoothly, from delivering quality goods and services to providing accurate financial statements and tax returns. Yet one scammer going after your company can bring it all down, harming your reputation and your revenue. One of the best ways to protect your business […]

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Navigating the IRS Backlog

The start of a new tax filing season often brings with it longer hold times with the IRS, as taxpayers and their tax preparers inundate phone lines with questions and concerns. But the 2022 filing season promises to be particularly challenging. The IRS continues to work through a backlog of millions of paper-filed returns and […]

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KBS Announces Shareholder and Principal Promotions

St. Albans VT – February 3, 2022 – Kittell, Branagan, and Sargent (KBS) is pleased to announce the promotions of Robin Barnett to Shareholder, Timothy Streeter to Principal, and William Keyser to Principal effective January 1, 2022. Robin joined KBS in 1999 as a Staff Accountant, earning her CPA designation in 2000, and was promoted […]

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