Changes in Section 174 Mean You Should Review Your R&E Strategy cover

Changes in Section 174 Mean You Should Review Your R&E Strategy

Several provisions in the TCJA have expired or will expire in the next few years. Last year was the end of current deductibility for R&E expenses.
Many Taxpayers Could See Smaller Tax Refunds This Year cover

Many Taxpayers Could See Smaller Tax Refunds This Year

COVID pandemic-related benefits have come to an end. These decreases in federal tax benefits will mean smaller 2022 tax refunds for taxpayers..
Who Claims the Children’s Tax Benefits - You or Your Ex-Spouse? cover

Who Claims the Children’s Tax Benefits - You or Your Ex-Spouse?

Tax law has specific, complicated rules about who profits from child-related tax benefits. Children’s tax benefits are numerous. Read on for more info!
Gig Work Can Have Tax Consequences You Never Considered cover

Gig Work Can Have Tax Consequences You Never Considered

Gig work brings a newfound sense of freedom but also a number of potential disadvantages. This will become especially apparent when it comes to tax season.
Buying a New Business Vehicle? A Heavy SUV Is a Tax-Smart Choice cover

Buying a New Business Vehicle? A Heavy SUV Is a Tax-Smart Choice

Buying or replacing a vehicle that you’ll use in your business? A heavy SUV may provide a more generous tax break this year than a smaller vehicle.
Have Employees Who Receive Tips? Here Are the Tax Implications cover

Have Employees Who Receive Tips? Here Are the Tax Implications

Earn your living through tips? Employ individuals who receive tips as part of their compensation? Then you need to know the tax implications.