by Admin | Sep 28, 2022 | Business Taxes, Individual Taxes, Tax Planning
Child Tax Credit The child tax credit is going back to its pre-2021 form. That means the 2022 credit amount drops back down to $2,000 per child. Children who are 17 years old don’t qualify for the credit this year, because the former age limit (16 years old)...
by Admin | Sep 22, 2022 | Individual Taxes, Tax Planning
Throughout your life there will be certain significant occasions that will impact not only your day-to-day living but also your taxes. Here are a few of those events: Getting Married – If you just got married or are considering getting married, you need to be aware...
by Admin | Sep 20, 2022 | Individual Taxes, Tax Planning
Newspapers and media reports have been filled with talk of inflation and recession. Experts are arguing about the definition of the latter. Pundits are pondering whether the slow down reflected in the latest consumer price index report means that inflation has peaked....
by Admin | Sep 15, 2022 | Business Taxes, Tax Planning
Basic things all businesses should know about excise tax. (2022, August 1). Internal Revenue Service. Retrieved August 11, 2022, from https://www.irs.gov/newsroom/basic-things-all-businesses-should-know-about-excise-tax “Excise tax is an indirect tax on specific...
by Admin | Sep 13, 2022 | Individual Taxes, Tax Planning
People generally assume that tax planning only applies to individuals with the big bucks. But think again, as some tax moves benefit lower-income taxpayers and those who are having a lower-than-normal income year. So, if 2022 is not producing a lot of income for you,...
by Admin | Sep 6, 2022 | Individual Taxes, Tax Planning
Expanding your family? Whether you’re in the planning stages or your bundle of joy has already arrived, raising a child is one of life’s greatest joys — and biggest expenses. And we’re not just talking about the costs of college. From diapers to daycare, from braces...
