Author: taxsecretsblog

According to one recent study conducted by the Small Business Administration, there are approximately 32.5 million organizations that classify as a small business in operation in the United States. Half of all American workers are either employed by a small business or own a small

Article Highlights: Credit History New Law Enhancements Extensions Credit Limits Home Energy Audit Identification Number Requirement Other Credit Issues Going all the way back to 2006, except for 2008, the federal tax code has offered a tax credit for making energy-saving improvements to a taxpayer’s

Article Highlights: Assembly Requirement August 15 Deadline Transition Rule The New Law Income Limit Manufacturer's Suggested Retail Price Limitation New Vehicle Definition Transfer of Credit to the Dealer Credit for Used Vehicles With the recent passage of the Inflation Reduction Act of 2022, the electric

Article Highlights: Penalty Relief 2019 & 2020 Tax Returns Includes 1040, 1120, Certain 1099 Series Filings Refunds Are Automatic September 30, 2022, Deadline The First-Time Abatement Penalty Relief To help struggling taxpayers affected by the COVID-19 pandemic, the IRS has issued a notice, which provides

Article Highlights: Relief Amounts Income Limitations Dependents of Another Pell Grant Recipients Repayment Pause Monthly Payment Reduction Cancellation of Debt Income On August 24, President Biden announced a three-part plan to deal with student loan debt which includes, among other things, $20,000 in loan relief

September 2022 Individual Due Dates September 1 - 2022 Fall and 2023 Tax Planning Contact this office to schedule a consultation appointment. September 12 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips

Newspapers and media reports have been filled with talk of inflation and recession. Experts are arguing about the definition of the latter. Pundits are pondering whether the slow down reflected in the latest consumer price index report means that inflation has peaked. You, in the

Article Highlights: Marriage Buying a Home Having or Adopting Children Getting Divorced Death of Spouse Throughout your life there will be certain significant occasions that will impact not only your day-to-day living but also your taxes. Here are a few of those events: Getting Married

Today, Atlassian isn't just one of the most successful startups in Australia - it's one of the most successful companies of its type on Earth. As an organization, it is worth more than $50 billion. The portfolio of products that it creates - with software

If someone were to craft a "Mount Rushmore" featuring the likenesses of some of the most influential musicians of all time, Aretha Franklin would undoubtedly be on it. Born in 1942, Franklin was more than just another singer or songwriter. She was a brilliant pianist.