Our Blog

2022 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers

2022 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting...

Lost Your Job? Here Are the Tax Aspects of an Employee Termination

Lost Your Job? Here Are the Tax Aspects of an Employee Termination

Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. However, there are tax implications due to your changed personal and professional...

Important Tax Aspects of Operating Your Business as a Sole Proprietor

Important Tax Aspects of Operating Your Business as a Sole Proprietor

If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects of your venture. Here are eight important issues to consider: 1. You report income and expenses on Schedule C of Form 1040. The...

There Still May Be Time To Cut Your Tax Bill With an IRA

There Still May Be Time To Cut Your Tax Bill With an IRA

If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way to lower it. If you’re eligible, you can make a deductible contribution to a traditional IRA right up until the April 18, 2022, filing date and...

Did You Give to Charity in 2021? Make Sure You Have Substantiation

Did You Give to Charity in 2021? Make Sure You Have Substantiation

If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2021 income tax...

How Will Revised Tax Limits Affect Your 2022 Taxes?

How Will Revised Tax Limits Affect Your 2022 Taxes?

While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this year. That’s because some tax figures are adjusted annually for inflation. If you’re like most people, you’re probably more concerned...

Numerous Tax Limits Affecting Businesses Have Increased for 2022

Numerous Tax Limits Affecting Businesses Have Increased for 2022

Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown of those that may be important to you and your business. Social Security tax The amount of an employee’s earnings that is subject...

Will the Standard Business Mileage Rate Go Up in 2022? Yes!

Will the Standard Business Mileage Rate Go Up in 2022? Yes!

After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2022 by 2.5 cents per mile. The IRS recently announced that the cents-per-mile rate for the business...

2023 Filing Deadline

Day(s)

:

Hour(s)

:

Minute(s)

:

Second(s)