Author Archives: Berger

If you are a small business owner and want to know how to put yourself on the payroll, then this one is for you.

Tax penalties can cost your peace of mind and can be a burden on your pocket. So, act now before it is too late.

Many tax code-defined real estate professionals wonder if they can immediately use prior passive losses once they qualify for real estate professional status.

With tax season approaching, no one wants to waste time navigating the labyrinth of IRS resources and contact numbers.

Do not be late to claim the Employee Retention Credit (ERC) for 2021. The time is limited, so quickly take advantage of this substantial tax credit.

The Corporate Transparency Act (CTA) was effective on January 1, 2024, but it has yet to take off.

Tax Credits for EVs: What’s New? Congress enacted the Inflation Reduction Act 2022 and expanded the tax credit for electric vehicles (EVs). The new tax credit regime came into effect in 2023. There are four ways you can benefit from a federal tax credit for an EV: Purchase an EV and claim the clean vehicle credit Lease an EV and benefit from an EV dealer discount Purchase a used EV that qualifies for the previously owned clean vehicle credit Purchase …

Continue reading “Tax Credits for EVs: What’s New?”

If the IRS requires you to amend the 2021 tax return for 2021 Employee Retention Credit (ERC)….

Find out in our 2024 year-end tax strategies for business deduction how to pay 12 months’ rent in advance…

Small businesses with 1-49 employees should possess a medical plan. The tax law does not require….