If you are a small business you have more than likely heard about the Employee Retention Credit (ERC) by now…
You are Appreciated: Educator Expense Deduction!
Eligible educators can claim up to $300 in tax deductions for unreimbursed trade or business expenses in 2023. They can…
Tax Tip: Save for Retirement, Save on Tax!
Tax payers can reduce or defer tax by contributing to a retirement account. Certain taxpayers’ contributions could also qualify them…
Tax Tip: Keep your Books Updated!
The end of the year can be a stressful time for business owners. One way to alleviate that stress is…
Charitable Contributions: Deductible or Not?
Giving Back is Always in Season The holidays are a great time to give back, and possibly even receive a…
Individual Income Tax Opportunities – Mid Year Planning Ideas
Take Advantage of Lower Tax Rates on Investment Income. Gains from the sale of an investment held for more than…
Mid-Year Tax Planning: Lowering Your Individual Income Tax Bill
Consider adjusting your tax withholding or estimated payments If you owed taxes for 2021, you may want to revise your…
Higher Mileage Deduction in Response to Gas Prices
In recognition of recent gasoline price increases, the IRS announced an increase in the standard mileage rates for the rest…
More Business Meals in 2022
The temporary provision that allowed meals to be 100 percent deductible in2021 remains unchanged for 2022. The Provision allows for…