“When will I get my tax refund?” “If I were to get a tax notice, when would I know?” “Now that we’ve amended my return, when will I get my refund?” These are questions we hear every day. And, they are excellent questions that taxpayers have a right to ask....
President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over 10 years, includes numerous provisions that would affect the tax bills of both...
By Glenn Harper, Julie Smith, and Kristin Taylor Let’s face it. You’re living the American dream. You have the opportunity to do work you love, create opportunities for others, and live out your mission. You are an entrepreneur. But being an entrepreneur comes...
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...
Now that the world is traveling again, here is exactly what you need to know about business travel deductions for tax compliance. First, let’s define ‘business travel’ for purposes of tax compliance. You are an employee or business owner who needs to leave your main...
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