The 2022 gift tax return deadline is coming up soon
March 17, 2023
The income tax return deadline is April 18 this year. But it’s also the deadline for filing a gift tax return if you made large gifts last year. Find out if you’re required to file a 2022 gift tax return and why you may want to file one anyway.
Claiming losses on depreciated or worthless stock
March 13, 2023
If you invest in the stock market, you’ve probably owned some losing shares. Here’s how to claim losses on your tax return for depreciated or worthless stock.
Buying a new business vehicle? A heavy SUV is a tax-smart choice
March 3, 2023
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d get from a smaller vehicle. The reason has to do with how smaller business cars are depreciated for tax purposes. Depreciation rules Business cars are
Have employees who receive tips? Here are the tax implications
February 24, 2023
Here are some tax tips for businesses with employees who receive tips.
Do you run a business from home? You may be able to deduct home office expenses
February 22, 2023
If you’re a business owner who works from home, you may be able to save tax with home office deductions. Here are the rules to qualify.
There still may be time to make an IRA contribution for last year
February 21, 2023
If you want to help ensure your financial security in retirement, saving now is one of the best moves you can make. If you qualify, you still have time to contribute to an IRA or SEP and save on your 2022 tax return.
