by Admin | Oct 4, 2022 | Individual Taxes, Tax Planning
Going all the way back to 2006, except for 2008, the federal tax code has offered a tax credit for making energy-saving improvements to a taxpayer’s home. This credit had expired after 2021 but has been given renewed life and substantially enhanced by the Inflation...
by Admin | Oct 1, 2022 | Business Taxes, Individual Taxes, Tax Planning
October 2022 Individual Due Dates October 11 – Report Tips to EmployerIf you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later than October 11. Your...
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...
