Sheehan & Company

The cents-per-mile rate for business miles decreases again for 2021: This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per mile. As a result, you might claim a lower deduction for vehicle-related expenses for 2021 than you could for 2020 or 2019. This is the second year in [] https://bit.ly/378EAtR

Busy financial statement and tax practice is seeking a full charge bookkeeper with superior Quickbooks skills to perform client accounting services. Qualifications: Good excel skills required. Use of Quickbooks interface applications like Bill.com helpful. Attention to detail and accuracy required. Good communication skills for interfacing with clients. Flexible work arrangements are available but applicants should be based locally.

Busy financial statement and tax practice is seeking a Full-Time Administrative Assistant. The successful candidate will possess strong organizational skills and excellent communication skills. Qualifications: Excellent customer service skills, Proficient in Microsoft Office, strong attention to detail, reliable, positive attitude, team player. Accounting experience is a plus.

New revenue idea? Watch out for the commerciality doctrine: If your not-for-profit has lost financial support during the pandemic, you may be looking for ways to raise new revenue. But if your proposed solution is a side business, be careful. Even when business ventures are related to a nonprofit's exempt purpose, they can run afoul of the commerciality doctrine and jeopardize an organization's [] https://bit.ly/3a7WxdW

Getting sentimental over your tangible personal property: As a formal estate planning term, tangible personal property likely won't elicit much emotion from you or your loved ones. However, the items that make up tangible personal property, such as jewelry, antiques, photographs and collectibles, may be the most difficult to plan for because of their significant sentimental value. Without special planning on your [] https://bit.ly/3cXXNCk