Many Tax Limits Affecting Businesses Have Increased for 2023
Many tax-related limits affecting businesses are indexed annually. Due to high inflation, many have increased more than usual for 2023.
Important Info for S-Corporation Shareholders & Partners of a Partnership
There is an important issue related to filing the 2022 S-corporation and partnership tax returns. It requires the cooperation of shareholders and partners.
Tax-Deferred Investing: What You Need to Know
You need to know how various tax savings vehicles and income deferral opportunities function. Tax-deferred investing can be vital to your future.
Looking Ahead to 2023 Taxes - Tax Changes Abound
Take a look at changes that will impact your 2023 tax return. Keeping up with changing tax laws can help get the most out of the laws and minimize taxes.
The Standard Business Mileage Rate Has Gone Up for 2023
The standard business mileage rate has gone up for 2023. The 2023 cents-per-mile rate for business use of a car/van/pickup or panel truck is 65.5 cents.
Popping Open Some Fringe Benefit COLAs for 2023
The IRS released the 2023 cost-of-living adjustments (COLAs). These apply to a variety of tax-related limits applicable to many popular fringe benefits.
The IRS Plans on Targeting Abusive ERTC Claims
The ERTC provides refundable tax credits to employers that kept workers on payroll during the pandemic. This is a credit against the employer payroll taxes.