The Income Statement reports the changes in Shareholders’ Equity due to business operations over a period of time.
(Recall that Shareholders’ Equity = Contributed Capital + Prior Retained Earnings + … 495 more words
Whether you file as a corporation or sole proprietor here’s what business owners need to know about tax changes for 2016.
Standard Mileage Rates
The standard mileage rates in 2016 are as follows: 54 cents per business mile driven, 19 cents per mile driven for medical or moving purposes, and 14 cents per mile driven in service of charitable organizations. 519 more words