blog IRS Clarification of SUV MSRP for Electric Vehicle Tax Credit In order to promote the use of more eco-friendly options, the IRS implemented better policies…Joshua ThompsonMarch 7, 2023
blog Medical Expense Tax Deduction Medical expenses are tax deductible. The IRS allows you to deduct certain unreimbursed medical and…Joshua ThompsonMarch 7, 2023
blog Did Congress Make a Mistake on the 401k Catch-Up Contributions? Believe it or not, Congress does make mistakes. They were rushed to pass the massive…Joshua ThompsonMarch 7, 2023
blog Recalculating a W4? When? Why? As most already know, the W-4 Form or Employee’s Withholding Certificate needs to be filled…Joshua ThompsonMarch 7, 2023
blog Expected Tax Changes On Hold in 2023 Doing your taxes this year will feel a lot more like it did before the…Joshua ThompsonMarch 7, 2023
blogCryptoPersonal Tax ItemsTax Strategy Deduction on Cryptocurrency Donations In this modern day and age, several charitable institutions accept cryptocurrency donations. This makes it…Joshua ThompsonMarch 7, 2023
blogBusiness Tax ItemsTax Strategy Business Tax Changes for 2023 Adjustments in business tax laws and regulations are made each year which makes it hard…Joshua ThompsonFebruary 2, 2023
blog Changes to Vehicle Energy Credit The policies on the electric vehicle tax have been modified to promote the use of…Joshua ThompsonFebruary 2, 2023
blog IRS Funding: What to Expect in 2023 In 2022, policymakers took a step forward in a funding process that was designed to…Joshua ThompsonFebruary 2, 2023
blog 529 Education Account Changes & Other Secure 2.0 Act Changes A 529 education account, is something parents start for their children to help pay for…Joshua ThompsonFebruary 2, 2023
blogBusiness Tax ItemsPersonal Tax Items Secure 2.0 Act – Changes to Retirement The Secure 2.0 Act is a new law that basically changed a lot about the…Joshua ThompsonFebruary 2, 2023
blog 12 Hidden Expenses for Restaurants Employees The first item here is employees. If you have employees, you will have wages…Joshua ThompsonNovember 28, 2022
blog Business Accounting Methods Nearly every business follows one of two accounting methods. You can either use the cash…Joshua ThompsonNovember 28, 2022
blog Why We Tip: From A Tax Perspective Today we shall be addressing why Americans tip their servers, and we shall be reviewing…Joshua ThompsonNovember 28, 2022
blog Filing Requirements for Restaurants and Hospitality Industry Restaurants don’t have the luxury to only worry about federal income tax, they have the…Joshua ThompsonNovember 28, 2022
blog Climate Incentives from the Inflation Reduction Act On August 16, 2022, President Joe Biden signed into law the Inflation Reduction Act that…Joshua ThompsonNovember 1, 2022
blog What Restaurant Owners Need to Know About Tips? Several updates and new policies were issued throughout the first half of 2022. The good…Joshua ThompsonNovember 1, 2022
blog What Restaurant Owners Need to Know About Tips? Most people who come to visit the US are often confused by the tipping culture.…Joshua ThompsonNovember 1, 2022
blog What Do Large Scale Food and Beverage Establishment Owners Need to Know? If your business is identified as a large food and beverage establishment, you are required…Joshua ThompsonNovember 1, 2022
blog Quick Facts and Updates: Student Loan Forgiveness, Medical Expenses, S Corps Red Flags, & More Several updates and new policies were issued throughout the first half of 2022. The good…Joshua ThompsonNovember 1, 2022