by Admin | May 17, 2022 | Business Taxes, COVID-19, Entrepreneurial, Individual Taxes, Marketing, Tax Planning
To say that there is a lot going on in the world right now is truly a bit of an understatement. Starting a few years ago with the onset of the still ongoing COVID-19 pandemic, the role of the accounting professionals in the context of a small business began to change....
by Admin | May 12, 2022 | Entrepreneurial, Individual Taxes, Tax Planning
With the current substantial appreciation in home values and demand for housing exceeding the available inventory, along with low home mortgage interest rates, more and more homeowners are converting their existing homes into rentals when they buy a new home. Other...
by Admin | May 10, 2022 | Entrepreneurial, Individual Taxes, Tax Planning
The real estate market is red hot, and plenty of folks nearing retirement and holding investment property see now as an excellent time to offload their real estate assets and reap the profits. If you’re one of them, then – tempting as it may be –...
by Admin | May 5, 2022 | Business Taxes, Tax Planning
If you are a small business owner and use part of your home for business, you may be able to take the so-called office-in-home tax deduction. This deduction reduces both income and self-employment taxes. While the term “home office” is used to describe when a taxpayer...
by Admin | May 3, 2022 | Individual Taxes, Tax Planning
Have you ever wondered how long the IRS has to question and assess additional tax on your tax returns? For most taxpayers who reported all their income, the IRS has three years from the date of filing the returns to examine them. This period is termed the statute of...
by Admin | Apr 28, 2022 | Business Taxes, Individual Taxes, Tax Planning
If you are considering purchasing an electric vehicle and expect to receive a federal tax credit along with the purchase, you better do your homework first. There is a phaseout that is based on a manufacturer’s sales of electric vehicles that impacts the credit...
