Regional News

IRS 2016 Standard Mileage Rates for Business, Medical and Moving Announced
The Internal Revenue Service issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
IRS Raises Tangible Property Expensing Threshold
The Internal Revenue Service simplified the paperwork and recordkeeping requirements for small businesses by raising from $500 to $2,500 the safe harbor threshold for deducting certain capital items.
IRS Tax Tips for Starting a Business
Know your tax obligations
Park Place Business Cafe Kick Off Event
An innovative NORFOLKFIRST initiative presented by the Norfolk Department of Development
Check Out These Five Fact Tips for Hobbies to Earn Income
Five important tips for earning income from your hobbies
Hampton Roads Sports Commission: Keeping A Keen Eye On the Ball Of Economic Growth
For more information about the HRSC and the upcoming AAU Junior Olympic Games, please visit HamptonRoadsSports.org
Get to Know the Small Business Health Care Tax Credit
What You Need to Know about the Small Business Health Care Tax Credit and the Small Business Health Options Program (SHOP) Marketplace.
Regulatory Fairness Hearing Held on March 24th in Virginia Beach
Members of the small business community, trade organizations and media are encouraged to attend.
Check Out These IRS Tax Tips for Self Employment
Six important tips about income from self-employment
IRS Warns Tax Preparers to Watch out for New Phishing Scam
It is important to keep in mind the IRS generally does not initiate contact with taxpayers by email to request personal or financial information. This includes any type of electronic communication, such as text messages and social media channels. The IRS has information online that can help you protect yourself from email scams.
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