IRS releases business standard mileage rate for 2012 The business standard mileage rate, which many employers use to
reimburse employees for business miles driven, is 55.5
cents-per-mile for 2012, the IRS has announced. This reflects
no change from ...
IRS reminds dual citizenship taxpayers to report foreign accounts The IRS recently reminded dual citizenship taxpayers and U.S.
citizens residing abroad to file U.S. income tax returns and, if
appropriate, Form TD F 90-22.1, Report of Foreign Bank and
Financial A...
IRS revises regulations for capitalization of tangible assets Just before year-end 2011, the IRS issued much-anticipated revised
regulations on the capitalization of tangible assets. The IRS
withdrew proposed regulations issued in 2008 and issued temporary
an...
IRS updates Form 940 for mid-year expiration of FUTA surtax The IRS has updated Form 940 to reflect the mid-year 2011
expiration of the 0.2 percent FUTA surtax. FUTA taxes for 2011 will
be calculated using two rates, the IRS explained.Mid-yea...
CA - Independent contractor withholding webinar announced The California Franchise Tax Board (FTB) is holding a free webinar
on December 20, 2011, at 10 a.m. PST, for those who must withhold
personal income tax on California source income...
HI - 2011 electronic filing handbook released The Hawaii Department of Taxation has released its Handbook for
Electronic Filers of Hawaii Individual Income Tax Returns for tax
year 2011. The handbook is designed as a companion...
Taketa, Iwata, Hara & Associates, LLC
Certified Public Accountants located in Hilo on the Big Island of Hawaii, Taketa, Iwata, Hara offers a complete array of tax, bookkeeping, payroll, audit, consulting and other support services. In addition to tax planning and preparation for individuals and businesses, we provide trust and estate accounting, business valuations, business consulting and audit and compilation services. We provide computer training for accounting software, and are proud to be Professional Advisors for Quickbooks and Quicken.
Please contact us at (808)935-5404 to find out how our services fit your needs.
