Test Your Tax IQ: Deducting More Than One Business Vehicle

Business tax planning

Contrary to popular belief, the IRS does not limit business owners to claiming deductions on only one business vehicle. You might maximize tax benefits by using multiple vehicles for business purposes. This is particularly true when you use the vehicles predominantly (more than 50 percent) for business,  you drive more business miles than your spouse, […]

Claim Your Overlooked 2020 COVID Sick and Family Leave Credits

COVID Sick and Family Credits

I am writing about potential COVID-19 sick and family leave tax credits you may have overlooked on your 2020 tax return. You might be eligible for up to $15,110 in tax credits, and the good news is it’s not too late to claim them. If you’re self-employed or running a corporation, there’s a chance you […]

It’s Not Too Late: Qualify Now for Your 2020 and 2021 ERC Money


I am writing about a significant opportunity for your business to qualify for the Employee Retention Credit (ERC).  As we are in 2023, you still have the chance to qualify for the ERC for the 2020 and 2021 calendar years and potentially recover a substantial amount of money. The ERC is a refundable tax credit […]

Tax Credits for Electric Vehicles: The Latest from the IRS

Tax Credits for Electric Vehicles

The IRS recently issued new guidance on electric vehicles. There are four ways you can potentially benefit from a federal tax credit for an EV you place in service in 2023 or later:  Purchase an EV, and claim the clean vehicle credit. Lease an EV, and benefit from the lessor’s EV discount. Purchase a used […]