IRS Publishes 2022-2023 Special Per Diem Rates
According to Notice 2022-44 from the IRS, various regulations outline the rules for using a per diem rate to substantiate the amount of ordinary and necessary business expenses paid or incurred …
Should You Hire an Outsourced CFO?
When the financials of your company start expanding beyond basic accounting, you may find yourself in need of assistance when it comes to planning or analyzing your finances. If that’s …
What To Know About the Alternative Minimum Tax
The alternative minimum tax was created to ensure that all taxpayers pay their fair share of taxes, even when claiming any and all relevant credits and deductions. The AMT increases …
What To Know About the Electric Vehicle Credit
In August, the IRS posted new guidance for current and future owners of electric vehicles, outlining the tax benefits available. If you are interested in claiming the tax credit available under section …
What Types of Accounting Services Can You Outsource?
Maintain accurate records; keep track of your company’s finances, bookkeeping, payroll, management accounting, taxes, accounts receivable, accounts payable, and financial reporting; and follow up on debts and compliance. Phew! What …
New $7,500 Electric Vehicle Tax Credit Available
Those looking to purchase an electric vehicle could be eligible for a $7,500 tax credit from the federal government, but because of language in the recently signed Inflation Reduction Act, …