How The New Big Beautiful Business Related Tax Bill Act Affects Businesses 100% BONUS DEPRECIATION IS BACK Business owners can again utilize bonus depreciation for “qualified property” acquired on...
A DEEPER DIVE INTO THE NEW TAX AND SPENDING BILL You are going to see and hear endless news about the administration’s new “One Big Beautiful Bill Act” (OBBBA)....
Beneficial Ownership Information (BOI) Reporting New reporting requirements are on the horizon. How do you know if you need to file a Beneficial Ownership Information (BOI) report? According to...
We’ve all heard and seen the barrage of promotions as aggressive marketing continues regarding the Employee Retention Credit – “Your business qualifies for up to $26,000 per employee” sound...
Tax time is almost here again! This year is a little quieter because we do not have extras like stimulus checks or Advance Child Tax Credit payments to report...
It’s almost tax time again and yes, there are some tax law changes! Let’s take a look at a few changes that affect many: The IRS recently released tax...
Thinking about buying an electric or fuel cell vehicle? You might be excited by the new tax credits that are part of the Inflation Reduction Act…but you’ll want to...
With home sales up in our area we are getting calls with questions about capital gains tax. Let’s see if our answer helps you! Trying to sell the home...
April 15th is a date common to all of us – it is the deadline for filing most tax returns. But there are other dates we need to know...
The IRS has recently passed legislation that reduces the amount of charitable deductions to state funds that you can claim on your federal tax return. This is in an...