by Joan Buchman Miller | Sep 20, 2021 | depreciaion, tax planning, Uncategorized
If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger autos (which include many pickups and SUVs) can result... 
by Joan Buchman Miller | Jul 9, 2021 | employees, Uncategorized
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here’s a rundown of the rules. Background Back in March of 2020, Congress originally enacted the ERTC in... 
by Joan Buchman Miller | Mar 11, 2021 | Uncategorized
Congress has passed the latest legislation aimed at providing economic and other relief from the COVID-19 pandemic that has haunted the country for the last year. President Biden is expected to sign the 628-page American Rescue Plan Act (ARPA), which includes $1.9... 
by Joan Buchman Miller | Mar 31, 2020 | Uncategorized
We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19. We want to update you on the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress’s gigantic economic stimulus package that the... by Joan Buchman Miller | Mar 25, 2020 | Uncategorized
Tax credits and a tax exemption to lessen burden of COVID-19 business mandates. On March 18, President Trump signed into law the Families First Coronavirus Response Act, which eased the compliance burden on businesses. The Act includes the four tax credits and... 
by Joan Buchman Miller | Mar 25, 2020 | Uncategorized
Right now, your highest priority is the health of those you love and yourself. But if you have time to read about some non-medical but important matters related to the health crisis, here is a summary of IRS action already taken and federal tax legislation already...