COVID-19 Update from Burkhart & Company, P.C.

Dear valued clients and friends of Burkhart & Company, In response to COVID-19 and governmental and health agency guidelines, we are writing to update you on our Firm’s adjustments. Effective today, March 17, 2020, Burkhart & Company team members will be...
IRS updates rules for mileage-related deductions

IRS updates rules for mileage-related deductions

The IRS has issued new guidance updating the rules for using optional standard mileage rates when calculating “above-the-line” deductions for the costs of operating an automobile for certain purposes. IRS Revenue Procedure 2019-46 also lays out rules for establishing...
Business year-end tax planning in a TCJA world

Business year-end tax planning in a TCJA world

The first tax-filing season under the Tax Cuts and Jobs Act (TCJA) was a time of uncertainty for many businesses as they struggled with the implications of the law’s sweeping changes for their bottom lines. With the next filing season on the horizon, you can...
It’s not too late to trim your 2019 tax bill

It’s not too late to trim your 2019 tax bill

Fall is in the air and that means it’s time to turn your attention to year-end tax planning. While several clear strategies and tactics emerged during the first tax filing season under the Tax Cuts and Jobs Act (TCJA), 2019 and subsequent years bring potential twists...