Tax Tips Blog
Small Businesses Can Benefit from the Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a general business credit that is jointly administered by the Internal Revenue Service (IRS) and the Department of Labor (DOL). The WOTC is…
What Is A Virtual Private Network (VPN) And Why Do I Need One?
By: Paul Gust, Partner DBC Netwerks The term “VPN” gets bounced around a lot, and most people seem to have a vague understanding that it “has something to do with…
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…