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The Electric Vehicle Tax Credit: How it Works, Who Qualifies?
With the recent passage of the Inflation Reduction Act of 2022, the electric vehicle credit has undergone some major changes. Although most of the changes take effect in this year, to qualify for the current credit, vehicles purchased after August 15, 2022, are...
Tax Strategies Checklist
Now’s the time to take advantage of year-end moves to cut your next tax bill—before it’stoo late. Whether you make a charitable donation, fund your retirement account or takeadvantage of helpful tax deductions, implementing these steps now can make a bigdifference at...
Year-End Tax Planning: Ten Outside-of-the-box Tips for Your Business
It may seem early to talk about year-end tax planning, but with only roughly sixty days left in 2022, it’s important to take action now to favorably impact your tax bill this year, and to put yourself in good financial footing for the year ahead. End-of-year taxes are...
The Inflation Reduction Act: What it Means to Your Business
You may have heard that President Biden recently signed the Inflation Reduction Act of 2022, a sweeping piece of legislation that is designed to address some of the significant issues that the U.S. is facing. Some of those issues include the high cost of prescription...
Estimated Quarterly Taxes: What You Need To Know
For most business owners, once September rolls around thoughts turn away from summer vacations to the reality of tax deadlines and IRS requirements. One deadline just weeks away is September 15th, the due date of the prior three months of estimated taxes. At...
Claiming Educational Tax Credits: Q&A
Whether you’re a student or a parent, you know that tuition, the fees and the supplies are all skyrocketing. Any relief from paying it all is most welcome. This detailed Q&A will provide you knowledge and insight on some potential credits and deductions you...
The First-Time Homebuyer Tax Credit Explained
Are you familiar with the First-Time Homebuyer Tax Credit? This tax credit, (as of June 2022) is still a bill and has not yet been passed into law. The bill was introduced by lawmakers in 2021 as an IRS tax code, that if it passes, will grant first-time...
Tax Benefits Of Vacation Homes
August 2, 2017 - Own a vacation home? Considering buying one/ Wouldn’t it be nice if you can get a tax deduction for your vacation home? But before you list with one of the popular online rental companies, make sure you know the rules. If you’re not careful,...
Tax Preparer Vs. Tax Software: Which Is Right For You?
You can breathe a sigh of relief now that Tax Day is behind us. Most taxpayers hardly look forward to tax season. An estimated 52% of U.S. adults find the tax-filing process stressful, according to a recent TaxSlayer survey. But most of that sentiment boils down to...
Building A Nest Egg without an Employer 401(k)
“I still have a 401(k) from my last job. What should I do with that money?” This is a question that has come up recently with a few of our clients who are transitioning to a new job with a new employer who does not offer a 401(k) or for some who are following their...