Learn the Good & The Bad of the Inflation Reduction Act (IRA) for Business Owners & Individuals
Businesses will See Trillion of Dollars in Growth due to Clean Energy Inflation Reduction Act of 2022 President Biden signed the Inflation Reduction Act of 2022 in August. Credit Suisse predicts Trillions worth of growth due to energy, R&D, and tax credit...
The IRS is planning to get busy. Should you?
Inside President Biden’s Inflation Reduction Act is $80 billion for the Internal Revenue Service. The Inflation Reduction Act Explained Picture this. It is more than six times the current annual budget ($12.6 billion). The Wall Street Journal described the IRS...
Which of your business expenses are tax deductible?
Dropping the curtain on entertainment deductions: The meals and entertainment deduction has been tweaked so often that it’s difficult for business owners to know which deductible and disallowed expenses. Here are some meal expense categories you should be...
Have you always relied on your spouse to prepare your tax returns?
Have you received a letter from the IRS about back taxes due that surprised you? Were you aware of an income windfall, but your spouse didn’t tell you the correct amount? If the answer to any of the above questions is yes, you may be able to get relief from the...
