“Answers to 12 Employee RetentionCredit (ERC) Questions” To get my complete articlewith all the details… As you may already know, it’s not too late to file for the valuable Employee Retention Credit. This is true whether you already filed for it or are just thinking of doing so. Well, my advice is to do so … and soon. Why should you file? Because you can … [Read more...]
Buying an Electric Vehicle? Know the Changes in the Tax Law
“Buying an Electric Vehicle?Know the Changes in the Tax Law” To get my complete articlewith all the details… Yes. It’s true. If you buy an all-electric vehicle or a plug-in hybrid electric vehicle, you can qualify for a tax credit worth up to $7,500! Sounds simple enough doesn’t it? But to claim the full $7,500 credit, there are some important tax law changes you … [Read more...]
New Law Improves Energy Tax Benefits for Biz Owners and Landlords
“New Law Improves Energy Tax Benefitsfor Biz Owners and Landlords” To get my complete articlewith all the details… What are taxpayers delighted to receive? Tax credits and depreciation benefits! That’s exactly what the newly enacted Inflation Reduction Act delivers for owners of commercial property and residential rental property. Here’s the story in a … [Read more...]
Avoid These Common Mistakes When Converting to an S Corporation
“Avoid These Common MistakesWhen Converting to an S Corporation” To get my complete articlewith all the details… Thinking of turning your business into an S corporation? This can be a very smart move... but be careful. VERY careful. You see, Big Brother (AKA the IRS) will bewatching you closely, and if you get thingswrong, you could pay a terrible price. I … [Read more...]
Say Goodbye to 100% Bonus Depreciation
“Get Ready to Say Goodbye to 100%Bonus Depreciation” To get my complete articlewith all the details... They say “all good things come to an end.” That’s what’s going to happen on December 31, 2022. (In other words, soon!) That’s the date that 100% bonus depreciation comes to a sorry end. What does this mean to you? It means the wind-down of bonus … [Read more...]