SJG Blog
Energy-Related Tax Incentives for Businesses Under the Inflation Reduction Act (IRA)
The 2022 Inflation Reduction Act (IRA) included an array of tax credits to encourage businesses to invest in energy efficiency. Here are a few of the energy-related tax incentives that businesses may consider pursuing. Energy Efficient Commercial Buildings Deduction for Businesses Starting in 2022, the IRA expanded the energy efficient
Get Ready to File Taxes: What’s New for the 2023 Tax Filing Season
Tax season is here, and the last day to file taxes for 2022, or to file a tax extension, is Tuesday, April 18, 2023. Taxpayers requesting an extension will have until Monday, October 16, 2023, to file. What to Consider When Filing Your 2022 Taxes. Reporting rules changed for Form
Automobile Standard Mileage Rates – Business Use Increases for 2023
The IRS has issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. The standard mileage rate is often used by employers to calculate the amount to be reimbursed to employees for the mileage they drive
Understanding Filing Requirements for Forms in the 1099 Series
As we near the end of 2022, it’s time for businesses to review their year-end tax reporting requirements. Over the last few years, the Internal Revenue Service (IRS) has made significant updates to the Form 1099 series. While there are a number of different forms in the 1099 series, our
New for ’22: Georgia’s Pass Thru Entity Election (PTET), aka SALT Cap Workaround
The IRS has issued a special midyear increase to the 2022 standard mileage rates due to the rising cost of gasoline. Effective July 1, 2022, there will be an increase of 4 cents for business and medical/moving mileage.
The Importance of Filing Business Returns in Advance of the September 15 Tax Deadline.
Don’t Leave Money on The Table. Does your CPA always wait until the last minute? Do they not get your returns filed until the due date and then you’re scrambling to review and make sure there are no errors?
Featured Posts
IRS Form W-9 Best Practices
Which Business Financial Records Should I Keep? And For How Long?
