Best Practices for Avoiding Cash Flow Problems With Your Business: A Guide
If you had to make a list of some of the biggest issues that plague small business owners on a regular basis, cashflow problems would...
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- Sep 12
- 3 min
Home Energy Improvement Credit Is Enhanced
Going all the way back to 2006, except for 2008, the federal tax code has offered a tax credit for making energy-saving improvements to a...
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- Sep 6
- 3 min
IRS Providing Penalty Relief to 1.6 Million Taxpayers
To help struggling taxpayers affected by the COVID-19 pandemic, the IRS has issued a notice, which provides penalty relief to most people...
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- Aug 29
- 3 min
September 2022 Business and Individual Due Dates
Business Due Dates September 15 - S Corporations File a 2021 calendar year income tax return (Form 1120-S) and pay any tax due. This due...
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- Aug 29
- 2 min
Mid-Year Tax Planning Checklist
All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that could reduce...
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- Aug 24
- 6 min
The Inflation Reduction Act of 2022
REVENUE PROVISIONS The Inflation Reduction Act of 2022 is significantly smaller than any proposed version of the Build Back Better Act....
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- Aug 22
- 9 min
What Does The Inflation Reduction Act Mean To You?
On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 which is a scaled-back version of the prior Biden...
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- Aug 15
- 4 min
Take Tax Advantage of a Low-Income Year
People generally assume that tax planning only applies to individuals with the big bucks. But think again, as some tax moves benefit...
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- Aug 8
- 3 min
Even if You’re Not Required to File a Tax Return, You May Be Missing Out if You Don’t.
Some people may choose not to file a tax return because they didn't earn enough money to be required to file, but these folks may miss...
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- Aug 1
- 4 min
Portability of Unused Estate Tax Exclusion
When an individual dies, the value of that individual’s estate is subject to estate taxation, which is currently 40% of the individual’s...
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- Jul 27
- 2 min
August 2022 Business and Individual Due Dates
August 2022 Business Due Dates August 1 - Social Security, Medicare, and Withheld Income Tax File Form 941 for the second quarter of...
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- Jul 25
- 7 min
Ways to Maximize Business Deductions
As a small business owner, you should always be on the lookout for legitimate ways to minimize your taxes. Waiting for year-end to do...
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- Jul 18
- 2 min
Do You Want to Grow Your Business With Minimal Investment? Here is How You Do It
With a potential recession on the horizon, most small businesses, in particular, are looking for avenues to cut costs wherever they can....
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- Jul 11
- 4 min
Sun Setting on Home Solar Power Tax Credits
If you have been considering installing a solar electric system in your home and taking advantage of the lucrative federal tax credit,...
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- Jul 5
- 3 min
You May Receive an IRS Form 1099-K This Year
Effective for 2022 and later years, Congress reduced the threshold for the Form 1099-K filing requirement from $20,000 to a mere $600....
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- Jun 27
- 1 min
July 2022 Business and Individual Due Dates
Business Due Dates July 1 - Self-Employed Individuals with Pension Plans If you have a pension or profit-sharing plan, you may need to...
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- Jun 27
- 5 min
Small Businesses Can Benefit from the Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a general business credit that is jointly administered by the Internal Revenue Service (IRS)...
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- Jun 20
- 2 min
IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase
With gas prices soaring it has been expected the IRS would increase the mileage rate that business owners can deduct for vehicle use...
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- Jun 13
- 3 min
Best Practices for Managing Your Business Through an Economic Downturn
The United States economy is nothing if not cyclical - which can be a good thing or a bad thing depending on when, exactly, you're trying...
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- Jun 6
- 6 min
Understanding What Innocent Spouse Relief Is, and Whether You Need It
When you got married, you and your spouse pledged your love for each other and promised to stand together through good times and bad,...
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THE TIPPING POINT PODCAST
SMEs for your SMB and individual finances.
At Tehrani & Velez, LLP, we believe in providing accounting services that you can trust. The happiness and satisfaction of our clients is our number one priority. Our team of accountants is committed to performing their services with integrity, excellence, and professionalism. This philosophy underlines our approach to serving each and every one of our valued clients.