Tax Archives - Page 15 of 30 - HW&Co. CPAs and Advisors

Save Your IRS Information Letters: Advance Child Tax Credit and Third Economic Impact Payments

By: David M. Reape

The IRS is issuing information letters to recipients of the Advance Child Tax Credit (CTC) and the third round of the Economic Impact Payments (EIP). Our accountants are encouraging recipients […]

Defer Tax With a Like-Kind Exchange

By: David M. Reape

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” […]

Will the Standard Business Mileage Rate Go Up in 2022? Yes!

By: David M. Reape

After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2022 by […]

2022 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

By: David M. Reape

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may […]

Providing a Company Car? Here’s How Taxes are Handled

By: David M. Reape

The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax deductions for the employer as well as […]

IRS Issues Guidance on Penalty Relief of Retroactive Termination of the Employee Retention Credit

By: Tony LaNasa

On Dec. 6, 2021, the Internal Revenue Service (IRS) issued guidance that provides penalty relief for employers that received an advance payment or reduced their employment tax deposits regarding the […]

The Tax Implications of Owning a Corporate Aircraft

By: David M. Reape

If your business is successful and you do a lot of business travel, you may have considered buying a corporate aircraft. Of course, there are tax and non-tax implications for […]

ODJFS Updates Unemployment Insurance Tax System

By: Kim Zagar CPA

According to the Ohio Department of Job and Family Services (ODJFS), a new unemployment insurance tax system for employers went live yesterday, Dec. 6, 2021. The new system—called State of […]

To Tax Affect or Not to Tax Affect? A Key Question when Valuing a Pass-Through Business

By: James Horkey

Most U.S. businesses operate as so-called “pass-through” entities, including partnerships, limited liability companies (LLCs) and S corporations. For decades, the IRS and valuation professionals have been at odds over how […]

Municipal Employer Withholding Tax Update

By: Brian Palisin

Since the start of the COVID-19 pandemic, many employees have been working remotely instead of at their pre-COVID-19 principal place of work municipalities. Why did this cause an issue for […]

Important Reminders for Charitable Giving in 2021

By: David M. Reape

With the kickoff of the giving season, many people will be donating to charitable organizations. Taxpayers may be able to deduct donations to tax-exempt organizations on their tax returns. Here […]

Small Businesses: There Still May Be Time to Cut Your 2021 Taxes

By: David M. Reape

Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. You still have time to execute a few strategies to potentially cut […]

Latest Insights 1 … 13 14 15 16 17 … 30 Previous Insights

What can we help you find?

Leaving HW&Co.

You are leaving HWCo.cpa and being directed to an external site. Click here to return to our page.

Continue to site