Tax Credits for Energy-Efficient Home Improvements
Taxpayers making certain energy-efficient updates to their homes are reminded that they could qualify for home energy tax credits. The credit amounts and types of qualifying expenses were expanded by the Inflation Reduction Act of 2022. Taxpayers who make energy improvements to a residence may be eligible for expanded home energy tax credits. What Taxpayers […]
What Teen Entrepreneurs Should Know About Taxes
Teens and young adults often go into business for themselves over the summer or after school. This work can include babysitting, lawn mowing, dog walking, or other part-time or temporary work. When a teen or young adult is an employee of a business, their employer withholds taxes from their paycheck. However, when classified as independent […]
Why You Should Back Up Your Quickbooks File
It shouldn’t take the thought of a natural disaster to make you think about always having a current backup of your QuickBooks information. Files get corrupted. Computers fail and become inaccessible. Hackers can get in and compromise your valuable company information. Once you lose your customer and vendor data and all your historical transactions, your […]
What To Do if You Missed the Tax Deadline
Tuesday, April 18, 2023, was the deadline for most taxpayers to file their tax returns. If you haven’t filed a 2022 tax return yet, it’s not too late. First, gather any information related to income and deductions for the tax years for which a return is required to be filed, then call the office. If […]
Tax Due Dates for
Feature Articles
Tax Tips
- Seniors: A Tax-Wise Alternative to Selling Your Appreciated Home
- Use It or Lose It: Your 2024 Gift Tax Annual Exclusion
- Recovering Lost Documents and Receiving Tax Relief After a Natural Disaster
- An IRA Withdrawal Strategy with Tax-Reducing Power
- Factoring the QBI Deduction into Year-End Tax Planning for Your Business
QuickBooks Tips
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