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IRS Mileage

Are You Cheating Yourself by Using IRS Mileage Rates?

Are you using the standard IRS mileage rates for your business travels? Did you even know there was another option? The good news is that there is, and it might...
Last Minute Vehicle Purchases

2022 Last-Minute Vehicle Purchases to Save on Taxes

It’s that time of year again: tax time. Businesses across the US are gearing up for the grueling task of limiting their liability, maximizing tax deductions, and protecting their profits....
Business Tax Credits For Electric Vehicle Purchases

Business Tax Credits For Your Electric Vehicle Purchase

If you’re thinking about buying an electric vehicle soon for business or personal use, you need to know how the Inflation Reduction Act of 2022 will impact your purchase. There’s...
C-Corp Tax Tips: Beware Of The Hidden Tax

C-Corp Tax Tips: Beware of The Hidden Tax

There are a few things in life that are certain: death, taxes, and the need to keep your business finances separate from your personal ones. While most business owners are...
Net Investment Income Tax

How Rental Property Owners Can Avoid the Net Investment Income Tax

Houston area investment property owners have every reason to be concerned about the Net Investment Income Tax (NIIT). It’s an extra 3.8 percent of tax in addition to whatever amounts...
How To Use An Accountable Plan

How to Use An Accountable Plan For An S-Corp or C-Corp

In the corporate world, it’s not uncommon for employees to have business-related expenses. With even more workers moving their offices into their homes, these expenses have become even more important....
9 Proven S Corp Reduction Strategies

9 Proven Tax Reduction Strategies For S-Corps

Irrespective of the nature of business or enterprise you run today, you are most likely constantly looking for ways to reduce your tax burden. It only makes sense—after all, we...
Business colleagues in meeting

Are Opportunity Zones an Opportunity for You?

Created by the TCJA in 2017, opportunity zones are designed to help economically distressed areas by encouraging investments. This article contains an introduction to the complex details of how these...
Tracy Jones CPA, LLC

Social Security: Note the Key Changes for 2020

The Social Security Administration has released new numbers for those paying Social Security and those collecting it. Check out the new maximum taxable earnings amount as well as COLA and other...