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Work-from-home tax implications: What employers and employees need to know  The pandemic created by the novel coronavirus has drastically changed the way we live and work. As more businesses are forced to send their employees home, work-from-home life has become a mainstay especially in knowledge-based jobs, and many of these industries are not going back to the workplace anytime soon. This can create wrinkles for both employers and employees when it comes to their tax situations. Read more.

IRS releases 2021 mileage rates The standard mileage rates for 2021 are as follows: 56 cents/mile driven for business use, down 1.5 cents from 2020 16 cents/mile driven for medical or moving purposes for qualified active duty members of the Armed Forces, down 1 cent from 2020 14 cents/mile driven in service of charitable organizations, unchanged from 2020. Read more here.

Payne Nickles accounting scholarship applications now open! Payne Nickles & Company, CPAs is proud to announce it is again offering up to two (2) $2,000 scholarships for the 2021-2022 academic year! The scholarship is open to second, third, fourth, or fifth-year students with accounting majors, and is intended to assist the student in meeting the 150-hour requirement to take the CPA exam.   The application deadline is 5 p.m. Wednesday, June 2, 2021. Learn more and apply.

Estate & Succession Planning • Business Accounting & Financial Services Quickbooks & Technology Consulting • And More! Payne Nickles & Company Sandusky: 419-625-4942 Norwalk: 419-668-2552 pncpa.biz

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