As you (or your accountant) toils on your 2008 tax return, make sure to take note of the changes and tips that could benefit your business.
First of all, the standard mileage reimbursement rate climbed to 50.5 cents per mile for the first half of 2008 and 58.5 cents per mile for the second half.
The Work Opportunity Tax Credit, available for employers who employ certain kinds of disadvantaged workers, has been extended through 2011.
For other changes that help you, click here.
Source:
Entrepreneur: New Tax Tips For Businesses
