Recent News
Changes to Bonus Depreciation Rules
This article explains that bonus depreciation rules have been changed over several years. In 2016 and 2017, under the IRS Revenue Proclamation (Rev. Proc.) 2019-33, Section 5.02 Section – Deemed…
The Majority of US Small Businesses Will Soon Face New Filing Requirements
New regulations regarding financial reporting for American businesses operating both domestically and overseas will soon go into effect.In 2021, Congress passed the Corporate Transparency Act (CTA), which is a piece…
4 Tips to Save at the Pump With or Without a Gas Tax Holiday
This article explains that the Biden Administration has proposed a federal gas tax holiday in order to help US citizens with the current gasoline prices. Unfortunately, Patrick De Haan, head…
Tax-Avoiding Schemes Are at the Top of the 2022 “Dirty Dozen” List
This article explains some tax-avoiding strategies that the IRS will be flagging down. Some strategies include “concealing assets in offshore accounts and improper reporting of digital assets, non-filing of income…
R&D Tax Credits for Startups
This article explains the significant benefits that startups in 2022 receive when using R&D tax credits. For companies to qualify for R&D tax credits, their ideas must be a new…
Gas Saving Tips for Your Summer Travel
This article explains the best money-saving methods for travelers hitting the road this summer. All 50 US states have hit the $4 per gallon mark, and the national average is…