IRS Mileage Reimbursement Rates Increase in 2018

fee-increaseBeginning January 1, 2018, the standard mileage rates designated by the Internal Revenue Service (IRS) are the following:

  1. 54.5 cents per mile for the use of a car, van, pickup or panel truck for business miles driven (up 1 cent from 2017).
  2. 18 cents per mile driven for medical or moving purposes (up 1 cent from 2017).
  3. 14 cents per mile driven in service of charitable organizations (unchanged).

The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates. Continue reading

Advertisements

The Grady Firm Celebrates its Fifth Anniversary

DSC02492Thank you to all of our clients, referral partners, friends, and colleagues who attended The Grady Firm‘s Fifth Anniversary Party on April 6, 2017 at our firm’s Beverly Hills headquarters.  We had an amazing time catching up and making new connections!  We were humbled by our guests’ outpouring of support, and that many of them braved over two hours of traffic each way (and even a plane ride!) to be part of our special celebration. Our guests were able to make some new connections of their own, and have already started doing business together with their new connections.

During the event, we presented a slide show with the firm’s milestones, which you can view here.

Heartfelt thanks go to Good Heart Catering for graciously catering this event, ProChile Los Angeles for donating bottles of Chilean wine and Pisco, the California Employers Association for donating a $50 visa gift card and webinar ($109) value, and to Tom and Donna Grady for helping before, during, and after the event. Continue reading

DHS Announces New International Entrepreneur Parole Option for Startup Founders

UN-flagsOn January 17, 2017, the U.S. Department of Homeland Security (DHS) published a new immigration avenue for foreign entrepreneurs who benefit the U.S economy. The “International Entrepreneur Rule” will serve as a pathway for qualified investors and foreign entrepreneurs to develop business enterprises which have significant public benefit in the United States.

This exciting news for start-ups and foreign entrepreneurs comes as a much welcomed development for those frustrated by the lack of immigration options available through the existing U.S. visas, which generally are not oriented to companies that are still in start-up mode.

Requirements

uscisThis new rule will be effective on July 17, 2017 and it will allow certain international entrepreneurs, on a case-by-case basis, to remain in the United States for up to five years in order to start or expand their businesses.  To secure the parole, three prerequisites are required: (1) applicant must submit the required application; (2) the application must be approved; and (3) a physical entry into the United States with the parole status is required. Continue reading