by Admin | Mar 21, 2023 | Business Taxes, Individual Taxes, Tax Planning
You’d be hard-pressed to find someone who actually enjoys the process of filing taxes. Having said that, it’s absolutely something that you’re supposed to do like clockwork every single year. Of course, there are a myriad of different reasons why you...
by Admin | Mar 11, 2023 | Business Taxes, Tax Planning, Tax Scams
Since the Fall of 2022, the IRS has issued several warnings to employers to beware of third parties promoting improper Employee Retention Credit (ERC) claims. See IRS IR-2023-40 (Mar. 7, 2023); IRS IR-2022-183 (Oct. 19, 2022); COVID Tax Tip 2022-170 (Nov. 7, 2022)....
by Admin | Mar 9, 2023 | Business Taxes, Entrepreneurial, Tax Planning
Whether someone travels for work once a year or once a month, figuring out travel expense tax write-offs might seem confusing. The IRS has information to help all business travelers properly claim these valuable deductions. Here are some tax details all business...
by Admin | Mar 7, 2023 | Individual Taxes, Tax Planning
Although the credit for purchasing a new electric vehicle can still be as much as $7,500, Congress has added some new stringent qualifications as to which vehicles qualify, and for the first time Congress has limited who qualifies for the credit by barring the credit...
by Admin | Feb 25, 2023 | Individual Taxes, Tax Planning
A few minutes spent reviewing income tax withholding early in the year helps set a taxpayer up for success all year long. The Tax Withholding Estimator on IRS.gov makes it easy to figure out how much to withhold. This online tool helps employees withhold the correct...
by Admin | Feb 23, 2023 | Entrepreneurial, Tax Planning
In recent years, the gig economy has changed how people do business and provide services. Taxpayers must report their gig economy earnings on a tax return – whether they earned that money through a part-time, temporary or side gig. The IRS’ Gig Economy Tax Center...
