by Chris Dios | Dec 6, 2021 | Tax Tips
In 2020, the US Congress passed the CARES Act to help ease pandemic-related difficulties for small businesses and taxpayers. One of the act’s key provisions allowed some taxpayers to take a self-employment tax deferral. Across the country, many businesses and...
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by Chris Dios | Nov 22, 2021 | Tax Tips
The federal government wants businesses to adopt sustainable energy, and they’re offering tax breaks to incentivize business owners. Businesses who make the leap can get tax credits, rebates, and more. The alternative motor vehicle credit helps offset some of...
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by Chris Dios | Nov 18, 2021 | Tax Tips
The end of the year is always a busy time of year. While you may be focused on the upcoming holidays, it is also a good idea to run through your year-end tax planning checklist. As we prepare to close the book on 2021, there are a few key things to get in order to...
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by Chris Dios | Nov 18, 2021 | Legal
Are you sitting on extra undeveloped land? Putting it into a land conservation easement could earn you substantial tax savings. However, the process involves multiple steps and third parties. Fortunately, this land conservation easement guide can answer most of your...
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by Chris Dios | Nov 18, 2021 | Tax Tips
Identify theft is running wild in the US, and tax returns are a prime target for bad actors. To combat this issue, the IRS started assigning IRS identity protection pins in January of 2011. These six-digit numbers protect taxpayers’ identity and make it easier...
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by Chris Dios | Nov 8, 2021 | Tax Tips
When it comes to filing your taxes, there are a couple of different ways you go about it. You can file a paper return by mail, or you can e-file. In this day and age, e-filing is the most common way to file your returns. It is quick, efficient, and secure. With that...
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by Chris Dios | Nov 8, 2021 | Tax Tips
The IRS typically affords tax breaks to taxpayers with qualifying dependents to compensate for their additional costs. The most prevalent type of dependent is children, but qualifying relatives often include adults and other individuals in your household. However,...
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by Chris Dios | Oct 25, 2021 | Tax Tips
Have you ever considered turning a hobby into an income-producing activity? Starting a second business around something you love to do can provide outstanding tax benefits. But, before diving into a new enterprise, individuals should understand IRS hobby loss rules....
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by Chris Dios | Oct 21, 2021 | Depreciation Tips
Small business owners – especially during the COVID-19 era – need to save money whenever they can. The IRS recognizes this reality and offers a variety of tax incentives to help businesses both grow and save money. If you bought or leased a vehicle for...
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by Chris Dios | Oct 18, 2021 | Tax Tips
For high net worth individuals, tax strategies and investing go hand-in-hand. If you’re not diligent about the tax consequences of your investments, you may owe the IRS far more than anticipated. As such, these wealthy individuals often ask our team about the...
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