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Here Are Your Articles for Wednesday, June 29, 2022
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New & Noteworthy

What are the latest development in the personal finance, tax and business worlds? Click through for links to current reports from leading news sources. 

Standard business mileage rate will increase for the second half of 2022

Beginning July 1, 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the 58.5 cents-per-mile rate effective for the first six months of the year. The IRS also announced an increased standard mileage rate for medical driving and moving for members of the military.

Voluntary Correction Programs for Benefit Plans

If your employee benefit plan is not compliant with regulations, you could face audits and penalties. Click through to learn about voluntary correction programs that can help you avoid or minimize the consequences of noncompliance.

Should You Add Your Children to Your Deed and Bank Accounts?

It would seem that an easy way to avoid probate and enable your children to assist you as you age is to add them to your bank accounts and home's deed. But that technique can be perilous. Click through to find out why other methods are usually better.

Can You Use a Business Coach?

As you master new skills and solve problems that arise, your confidence will grow. If you are thinking about hiring a business coach, click through to see if hiring a business coach can help as you overcome weaknesses, learn new skills, and expand beyond your comfort zone.

Coulter & Justus, P.C.
Coulter & Justus, PC
(865) 637-4161
9717 Cogdill Rd, Suite 201
Knoxville, TN 37932
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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