by Bill Houston | Jan 8, 2024 | Uncategorized
The new clean vehicle tax credits along with the commercial clean vehicle tax credits can be used for ‘qualifying’ fully electric cars, hybrids and fuel cell vehicles. There are 4 ways to benefit from these credits for EV’s placed in service in 2023...
by Bill Houston | Dec 11, 2023 | Uncategorized
Some crypto currencies lost a lot of their value in 2022 and 2023 while a smaller number have recovered some losses in 2023. This update is a review on how to handle both gains and losses on your tax returns and also discusses a couple of new IRS announcements...
by Bill Houston | Feb 8, 2023 | Business Deductions
Here are deductions we see in nearly every business return we prepare. They are so common that I usually ask the taxpayer if they’ve forgotten something when I don’t see expenses in these categories. Business meals – for 2022 the deduction is back down to 50%. The...
by Bill Houston | Feb 8, 2023 | Business Deductions
New businesses make mistakes that can cost them money, sometimes a lot of money. Here are the most common ones I see every year. Lack of good records – this leads to multiple errors, such as missing deductions, problems with cash flow, difficulties or...
by Bill Houston | Feb 7, 2023 | General Tax Info
Now you can do something with the college savings plan money that wasn’t spent on education. Maybe your child or grandchild didn’t choose college. Or maybe they received a scholarship. There’s an opportunity here to put that money back into your own...
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