Here’s an easy question: Do you need more 2023 tax deductions? If the answer is yes, continue reading. Next easy question: do you need a replacement business vehicle? If so, you can simultaneously solve or mitigate the first problem (needing more deductions) and the second problem (needing a replacement vehicle) if you can get your […]
I just wanted to take a few minutes to update everyone on an important tax opportunity called the Employee Retention Tax Credit. It can save you significant amounts of money if your business qualifies. The tax law introduced last spring created the credit, but many companies didn’t qualify because they had borrowed PPP money. However, […]
In March, Congress passed the CARES Act, which offered many forms of economic relief from the pandemic. Late Monday night, they passed a new relief bill, which extended some of that relief. This is what you need to know. For Individuals The new act provides a refundable tax credit of $600 to eligible individuals, plus […]
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