News & Resources

Expense Credit for Indiana Public School Teachers

If you are an eligible educator working for an Indiana public school corporation, don’t forget about the Public School Educator Expense Credit when filing your 2015 Form IT-40 Indiana individual income tax return. If you are unsure of your eligibility or what

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State of Indiana Mileage Reimbursement Rate Drops

  Based on the last six months of average fuel prices for regular unleaded gas, as well as the average cost of the last six weeks, mileage reimbursement rate will be adjusted down. Effective February 22, 2016, the mileage reimbursement rate

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Maximum Threshold for Expensing Increased

  In November, 2015, the Internal Revenue Service (“IRS”) increased the maximum threshold for expensing certain capital items from $500 to $2,500. In other words, for purposes of federal income taxation, a taxpayer can expense in the first year any

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State and Local Tax Update – Winter 2016

Do You Know When You Need State Tax Advice? Just like people, companies often experience life events during the course of their existence. Often times these events can trigger multi-state filings and registration requirements. The following list is a sample

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2015 Year-End Tax Planning for Individuals

    Individual income taxes, whether paid through employer withholding or quarterly estimates, are probably one of your largest annual expenditures. So, just as you would shop around for the best price for food, clothing or merchandise, you want to

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