2023 Digital Payment Tax Reporting Requirements
Venmo is a mobile payment app and digital wallet owned by PayPal which, since 2009, has made sending and receiving money easy. Once an [...]
22
03, 2023
23
02, 2023
Accounting Challenges faced by Cannabis Businesses
The cannabis industry continues to grow astronomically, with experts predicting the market value will reach $82 billion by 2027. With more states authorizing the [...]
16
02, 2023
C Corporations Still Retain Value
There are many considerations when choosing an entity type for your business. If your intentions are for long-term tax benefits consideration should be given [...]
19
01, 2023
How to Deduct Home Office Expenses
The home office deduction allows some taxpayers to deduct certain home office expenses on their tax returns. Employees are not elidable for home office [...]
5
01, 2023
2022 Year-End Tax Planning Checklist
As we turn over into the 2023 new year we begin to prepare for tax filing season and review our financials from the previous [...]
9
11, 2022
Avoid Tax Penalties with Timely Tax Payments
For most taxpayers, during October, tax season is a distant thought. Although, Quarter 4 is a great time for taxpayers to review their withholding and [...]
28
09, 2022
Clean Vehicle Tax Credits: 2022 Inflation Act
The 2022 Inflation Reduction Act (IRA) includes extension and modification to clean vehicle tax credits. The credit for the purchase of new clean vehicles (which [...]
21
09, 2022
Connecticut Neighborhood Assistance Act (NAA) Tax Credit Program
The Connecticut Neighborhood Assistance Act Tax Credit Program is designed to encourage a push in funding for municipal and tax-exempt organizations by providing a [...]
17
08, 2022
Truckers Heavy Highway Vehicle Use Tax Filing Deadline August 31, 2022
Those who have registered or are required to register large trucks and buses need to file Form 2290, Heavy Highway Vehicle Use Tax Return, [...]
20
07, 2022
Generation Skipping Trusts Explained
A generation-skipping trust (GST) is an irrevocable trust with designated beneficiaries who are, at least, 37.5 years younger than the grantor and may, or [...]