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Monthly Archive for: ‘December, 2021’

  • Tax Form Pic

    Tax Savings Tips for Year-End 2021

    There are several important tax savings tips for 2021 year-end tax planning which may benefit you and your business. The topics are listed below with more detail provided here in the 2021 Tax Savings Tips Newsletter. 2021 Last-Minute Year-End General Business Income Tax Deductions 2021 …

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  • Tax Form Pic

    Important Tax Deadlines

    2021 is coming to a close and the last individual 4th quarter estimated tax payments are due January 18, 2022. For the upcoming tax season (April 15, 2022) we will be sending out our engagement letters in December via email and using Adobe Sign to …

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  • Intuit

    Cleaning Up QuickBooks for 2022

    We know December is a busy month. However, take some time now to make sure QuickBooks is ready for 2022. Yes, it’s here again: the end of the year. You probably have a lengthy to-do list full of tasks that must be done before December …

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  • Tax Form Pic

    Holiday Gifts May Come With Tax Benefits

    Some holiday gifts to family members, employees and others may also yield tax benefits—think of it as Santa Claus meets Uncle Sam. Here are some examples: Electric Car Credit* – Most electric cars come with a tax credit of up to $7,500 in addition to …

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  • Tax Form Pic

    Grandparent’s Gift of an Education

    Grandparents often wonder as a part of their estate planning how to best transfer funds to their grandchildren while avoiding negative income tax consequences in the process. The answer might just be a Qualified Tuition Plan, most commonly referred to as a Section 529 plan …

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  • Tax Form Pic

    Should You Use Married Filing Separately Status?

    Married taxpayers have two options when filing their 1040 or 1040-SR tax returns. The first and most frequently used filing status is married filing joint (MFJ), where the incomes and allowable expenses of both spouses are combined and reported on one tax return. The joint …

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