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1099 Requirements For Businesses

1099 Requirements for Businesses: What You Need to Know

The Internal Revenue Service (IRS) requires a business to complete and distribute 1099 forms to payees and the federal and state taxing authorities. The 1099 form allows businesses to report...
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....
Tax Credits To End 2022

New Tax Credits to End 2022

Have you heard about the Inflation Reduction Act? Signed into law by President Biden on August 16, 2022, it contains several extremely valuable tax credits for homeowners (along with many...
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...
Student Loan Forgiveness

Student Loan Forgiveness: What Applicants Need to Know in 2022

When it comes to extending their education, applying for student loans has been vital for new and returning students to be able to fulfill their financial obligations. President Joe Biden...
Installment Sales

Installment Sales: Maximize Your Profits And Defer Taxes

Selling your business or a piece of real estate often leads to a sizeable capital gains tax. But what if it didn’t have to? Installment sales have the potential to...
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...