Facebook Tracking

Blog

Category: Business Tax Benefits

Tax Saving Tips
How to Beat the Tax Clock?

For business owners seeking to optimize their tax situation, understanding the nuances of tax strategies can lead to significant savings. Here’s an in-depth look at

IRS
Over $1 Billion in EV Tax Credits Issued Upfront to Buyers, Treasury and IRS Announce

The federal government has issued over $1 billion in upfront tax credits to buyers of new and used electric vehicles (EVs) as part of the Inflation Reduction Act. This initiative, which began on January 1, 2024, allows car buyers to receive tax credits of up to $7,500 for new EVs and $4,000 for used EVs directly at the point of sale, making EVs more affordable and competitive with traditional gasoline-powered vehicles.

Business
Map Out Deductions for Business Travel

Combining business travel with personal leisure can be a smart way to take a break while also saving on taxes. By ensuring that the primary purpose of your trip is business-related and keeping thorough records, you can maximize your deductions and enjoy some well-deserved downtime.