Category Archives: Taxes

How can I use tax loss harvesting to reduce my tax liability?

tax loss harvesting

Tax loss harvesting is strategically selling an investment at a loss, or “realizing” a loss on the sale of a capital asset in an effort to reduce the tax liability on any capital gains realized in the same calendar year. There are some restrictions, but ultimately it means you can reduce how much tax you […]

Nail the basics. An accounting checklist for your small business.

accounting basics

If you are in the early stages of running a business, there are a couple of basic requirements to make sure your accounting is in good shape. At a minimum, the business needs to: Have accurate, current numbers, and Pay business taxes on time Early on, it’s normal for a small business owner to manage […]

Things to know about the IRS Expansion of the Electric Vehicle Tax Credit

electric vehicle credit, tesla

If you’re in the market for an electric vehicle and you’ve kept your eye on the ball, you’ll have noticed the recently passed Inflation Reduction Act of 2022 includes changes to the credit available for the purchase of an electric vehicle. These changes are quite complex, phasing in over time, but there are some benefits […]

The story behind the Walker Glantz merger

walker glantz team

We’re excited to announce that Walker Agency and Launch Consulting have joined forces to become Walker Glantz. This blog will give you the background behind the merger and how things will operate going forward, so you know exactly what this means for you. Walker Agency and Launch Consulting have been working together for many years […]

IRS interest rates increase for the third quarter of 2022

interest rates

On May 20, 2022 the Internal Revenue Service announced that interest rates will increase for the calendar quarter beginning July 1, 2022. The revised rates are as follows:  5% for overpayments (4% in the case of a corporation). 2.5% for the portion of a corporate overpayment exceeding $10,000. 5% for underpayments. 7% for large corporate […]