While there are few federal level tax changes, there are some items you should be aware of. David Cohen lays out what to expect in for the rest of 2022.
IRS Reaches Milestone on Paper Return Backlog
IRS reaches internal milestone for 2020 individual tax return backlog. National Taxpayer Advocate’s report shows that milestone may not be a significant accomplishment considering remaining paper return backlog and additional processing delays.
Businesses: Act now to make the most out of bonus depreciation
If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break.
Important considerations when engaging in a like-kind exchange
Interested in a “like-kind” exchange of real property? Here are the basic rules.
Weathering the storm of rising inflation
Business owners: When it rains, it pours. Inflation may be putting a damper on economic optimism, but there are ways to brighten your horizons.
How do taxes factor into an M&A transaction?
Buying or selling a business may be the most critical transaction you ever make. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law. Here are some considerations.
2022 Q3 tax calendar: Key deadlines for businesses and other employers
If you’re a business owner or executive, you might be taking it a little easy this summer. But don’t take it so easy that you forget about these third-quarter tax deadlines.
Arizona Tax Credit Alert 2022
Read the latest update regarding the extended charitable giving incentives for Arizona taxpayers
The standard business mileage rate will increase for the second half of 2022
Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driving for the second half of 2022 from 58.5 cents per mile to 62.5 cents per mile.
Help when needed: Apply the research credit against payroll taxes
Small businesses and start-ups engaging in research activities: Here’s a way to save on payroll taxes.
