Basnet Accounting

You may be getting refund for penalties you paid for late filing!

IRS will refund $1.2B in late-filing penalties The move comes as lawmakers pressured the agency to give taxpayers more relief from pandemic-related disruptions.

With inflation causing a spike in college costs, here are some tax breaks worth exploring to help cash-strapped families!

With inflation causing a spike in college costs, here are some tax breaks worth exploring to help cash-strapped families Some colleges are raising tuition by as much as 5% amid soaring inflation and other pressures. But these tax breaks may offer relief for cash-strapped families.

IRS increases mileage rate !

IRS increases mileage rate for remainder of 2022 | Internal Revenue Service IR-2022-124, June 9, 2022 — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain oth...

Information Taxpayers need to know about earned Income tax credit!

Tax Tip 2021-06: What taxpayers need to know to claim the earned income tax credit Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov.

If you are an Iowa LLC, biennial report is due for renewal with Iowa Secretary of State this year. Biennial report is due every two years and required to file to re-register your business information with Secretary of State to remain active.

By filing the biennial report, you will maintain your company’s good standing. Failure to file will result in administrative dissolution or revocation of the entity.

If you need help filing your Biennial report, please contact Basnet Accounting at 515 992-6978 or email us at [email protected].

In need of accounting services? We've got you covered. Whether you are in need of individual or small business services, we can help! With Bookkeping, Payroll and Taxes, we are here for you! Contact us today!