A tax carryover credit is a type of tax credit that you can carry forward to future tax years if you don’t have enough tax liability to use the credit […]
IRS
What you should know about solar tax credits
Going solar has never been more affordable and accessible, thanks to various tax credits offered by the government. These incentives are designed to make it easier for homeowners to switch […]
So you are looking at purchasing an EV and want to know the tax consequences
The federal government provides a tax credit for individuals who purchase certain electric vehicles (EVs). The credit is designed to encourage the use of EVs as a way to reduce […]
Tax credits for self-employed business owners effected by COVID-19
Being self-employed for some is the American dream. You get to set your own hours, take off when you want and choose who to work with. The downsides are the […]
2021 tax changes to be aware of for businesses.
2021 business taxes are due soon. The deadline is March 15th. If you do not want us to automatically extend your taxes, we must have your information in our office […]
What you need to know about the child tax credit
The American Rescue plan recently passed by congress has one provision that will affect anyone who has a child. The child tax credit was raised and is now not only […]
New 2020 tax changes
UPDATE March 31, 2020: There are some states (including Colorado) who either haven’t signed on to the unemployment exclusion, their laws don’t allow for taxes to be excluded, or they […]
R&D Credits
Research and Development credits are not just for big business. Small businesses can also qualify and even better they can use those credits against payroll taxes as well as income […]
Taxes and Personal Loans
So, your best friend needs a loan to get a cheap car. You agree to give him $5,000 and he will pay you back in a year. At least that […]
What you should know about estimated tax payments?
When income taxes were first enacted you paid your taxes once a year at the end of the year. It was found that people are not good at saving money […]