Monthly Archives: January 2023

February 2023 Individual Due Dates

February 3 - Tax AppointmentIf you don’t already have an appointment scheduled with this office, you should call to make an appointment that is convenient for you. February 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during January, you are required [...]

By |2023-01-31T23:55:55-08:00January 31st, 2023|Categories: Uncategorized|Comments Off on February 2023 Individual Due Dates

Planning On Buying a New Electric Vehicle and Claiming a Tax Credit? Better Read This First

Article Highlights: Background Qualifications Income Limit 4-wheel vehicle Street Vehicle Minimum Battery Capacity Acquired for Original Use Final Assembly MSRP Critical Mineral and Battery Components Seller Provided Report List of Qualifying Vehicles Transfer of Credit to the Dealer Although the credit for purchasing a new electric vehicle can still be as much as $7,500, Congress [...]

By |2023-01-31T23:52:25-08:00January 31st, 2023|Categories: Uncategorized|Comments Off on Planning On Buying a New Electric Vehicle and Claiming a Tax Credit? Better Read This First

February 2023 Newsletter

Article Highlights: W-4 Updates W-9 Collection Estimated Tax Payments Charitable Contributions Required Minimum Distributions Gifting Retirement-Plan Contributions Beneficiaries Reasonable Compensation Business-Vehicle Mileage College-Tuition Plans Individuals and small businesses should consider various ways of starting off on the right foot for the 2023 tax year.  W-4 Updates – If you are employed, then your employer takes [...]

By |2023-01-31T23:49:49-08:00January 31st, 2023|Categories: Uncategorized|Comments Off on February 2023 Newsletter

What You Need to Know About Converting an S Corp to a C Corp

The type of business that you're running has major implications in virtually all areas of your operations, especially when it comes to federal taxes. An S Corporation (or S Corp for short) is one that passes corporate income, losses, deductions, and credits to its shareholders. A C Corporation (or C Corp for short) is one [...]

By |2023-01-23T21:19:51-08:00January 23rd, 2023|Categories: Uncategorized|Comments Off on What You Need to Know About Converting an S Corp to a C Corp
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