Buying A New Business Vehicle? A Heavy SUV Is A Tax-Smart Choice.
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d
If you’re getting ready to file your 2022 tax return, there may still be an opportunity to reduce your tax bill if it’s higher than you’d like it to be.
During the COVID-19 pandemic, many people began working from home and now, many still work from their home offices either full-time or on a hybrid basis. If you’re self-employed and
If you’re a parent, you may be confused about the rules for claiming the CTC. The rules and credit amounts have changed significantly over the last six years. This tax
Due to rising interest rates and a slowing economy, M&A activity dramatically declined last year. The total value of M&A transactions in North America in 2022 was down 41.4% from
The IRS has announced that businesses can now file Form 1099 series information returns using a new, free online portal, available from the IRS. Known as the Information Returns Intake
Many people are more concerned about their 2022 tax bills than their 2023 tax situations. That’s understandable because (unless you file an extension) your 2022 individual tax return is due
In many industries, employees receive tips as part of their compensation. These businesses include restaurants, hotels, and salons. Tip DefinitionTips are optional payments that customers make to employees who perform
If you take an early withdrawal, most retirement plan distributions are subject to income tax and could be subject to an additional penalty. In general, it’s considered early when participants
Due to high inflation, a variety of tax-related limits affecting businesses, which are indexed annually, have increased more than usual for 2023. Here are some that may be important to