Staying on top of the latest tax rules for meals and entertainment expenses is important. In recent years, the IRS updated these rules first with the Tax Cuts and Jobs Act (TCJA) of 2017 and […]
Can I deduct meals and entertainment expenses for my small business? Read More »
[vc_row][vc_column][vc_column_text]As the cryptocurrency market continues to evolve, so do the tax implications for taxpayers using digital assets. In a recent development, the IRS released Revenue Ruling 2023-14, addressing the treatment of cryptocurrency validation rewards for
If you earn income that’s not subject to tax withholdings, you’ll want to consider making estimated tax payments. Due four times each year, estimated tax payments are applied to your current year tax liability. Here
Tax Smarts: A Guide to Estimated Tax Payments Read More »
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
How can I use tax loss harvesting to reduce my tax liability? Read More »
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
Nail the basics. An accounting checklist for your small business. Read More »
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
Things to know about the IRS Expansion of the Electric Vehicle Tax Credit Read More »
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
The story behind the Walker Glantz merger Read More »
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
IRS interest rates increase for the third quarter of 2022 Read More »
We recognize the IRS doesn’t exactly make it easy to figure out most things related to taxes. With that in mind, here’s a quick rundown on what you need to know for filing. W2s and
What’s the difference between a W2 and a 1099? Read More »
Ah, the 1099 process … Something that should be so simple, yet proves to be a frustrating task every January. Over the last five years, we’ve worked and reworked our processes to make them as
What do I need to know about 1099s? Read More »
