by Jeanine Hemingway CPA | Feb 7, 2023 | Business, Business Tax Breaks, Lifestyle, Tax Blog, Tax Planning
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... 
by Jeanine Hemingway CPA | Nov 18, 2022 | Business, Business Tax Breaks, Tax Blog, Tax Planning, Year End Taxes
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... 
by Jeanine Hemingway CPA | Oct 18, 2022 | Business, Business Tax Breaks, Tax Blog, Tax Planning, Year End Taxes
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... 
by Jeanine Hemingway CPA | Sep 8, 2022 | Business, Tax Blog
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... 
by Jeanine Hemingway CPA | Aug 5, 2022 | Business, Education, Tax Blog
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 Jeanine... 
by Jeanine Hemingway CPA | Jun 7, 2022 | Business, Lifestyle, Tax Blog
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...