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UNDERSTAND THE $7,500 ELECTRIC VEHICLE TAX CREDIT
Electric vehicles (EVs) have become increasingly popular. According to Kelley Blue Book estimates, the electric vehicle share of the vehicle market in the U.S. was 7.6% in 2023, up from 5.9% in 2022. To incentivize the purchase of EVs, there’s a federal tax credit of up to $7,500 for eligible
1040 ELECTRONIC TAX ORGANIZER
In an effort to enhance our client’s experience and improve efficiency, we are implementing a new software: CCH Axcess – Client Collaboration. This electronic tax
COULD YOUR BUSINESS BENEFIT FROM INTERIM FINANCIAL REPORTING?
When many business owners see the term “financial reporting,” they immediately think of their year-end financial statements. And, indeed, properly prepared financial statements generated at
POCKET A TAX BREAK FOR MAKING ENERGY-EFFICIENT HOME IMPROVEMENTS
An estimated 190 million Americans have been under heat advisory alerts, according to the National Weather Service. That may have spurred you to think about
MOVING MOM OR DAD INTO A NURSING HOME? 5 POTENTIAL TAX IMPLICATIONS
More than a million Americans live in a nursing home, according to various reports. If you have a parent entering one, you’re probably not thinking
USE AN S CORPORATION TO MITIGATE FEDERAL EMPLOYMENT TAX BILLS
If you own an unincorporated small business, you probably don’t like the size of your self-employment (SE) tax bills. No wonder! For 2023, the SE tax
INHERITING STOCK OR OTHER ASSETS? YOU’LL RECEIVE A FAVORABLE “STEPPED-UP BASIS”
If you’re planning your estate, inheriting stock or other assets, you may be unsure of the “cost” (or “basis”) for tax purposes. HOW DO THE
STARTING A BUSINESS? HOW EXPENSES WILL BE TREATED ON YOUR TAX RETURN
Government officials saw a large increase in the number of new businesses launched during the COVID-19 pandemic. And the U.S. Census Bureau reports that business
5 TIPS FOR MORE EASILY OBTAINING CYBERINSURANCE
Every business should dedicate time and resources to cybersecurity. Hackers are out there, in many cases far across the globe, and they’re on the prowl
THAT EMAIL OR TEXT FROM THE IRS: IT’S A SCAM!
“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come in through