by DunlapSLK | Dec 20, 2022 | Uncategorized
It’s been a tumultuous year for many businesses, and the current economic climate promises moreuncertainty for the short term, if not longer. Regardless of how your company has fared so far in 2022,there’s still time to make moves that may reduce your federal tax...
by DunlapSLK | Dec 20, 2022 | Resources For Individual Taxpayers, Uncategorized
It has been quite a year — high inflation, rising interest rates and a bear stock market. While there’s not a lot you can do about any of these financial factors, you may have some control over how your federal tax bill for the year turns out. Here are some strategies...
by DunlapSLK | Nov 11, 2022 | Resources For Individual Taxpayers, Uncategorized
The Inflation Reduction Act (IRA) includes a wide range of tax incentives aimed at combating the dire effects of climate change. One of the provisions receiving considerable attention from consumers is the expansion of the Qualified Plug-in Electric Drive Motor...
by DunlapSLK | Sep 15, 2022 | Resources For Employers, Uncategorized
The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration. The amount of first-year depreciation available as a so-called bonus will begin to drop from 100% after 2022, and...
by DunlapSLK | Sep 2, 2022 | Resources For Employers, Resources For Individual Taxpayers, Uncategorized
A recently announced federal relief program will provide more than $1.2 billion in tax refunds or credits. Specifically, IRS Notice 2022-36 extends penalty relief to both individuals and businesses who missed the filing deadlines for certain 2019 and/or 2020 tax and...
