What are capital allowances?Capital allowances allow taxpayers to get certain reliefs on capital expenditures by allowing deductions from their annual taxable income. Not all expenditures...
Posted by CORE PERFORMANCE on 05/27/2022
Are you selling an asset? Avoiding Real Estate Capital Gains Tax in 2022It's great to get a good price for your home, but in some cases, the IRS may want some of the action. Indeed,...
Posted by CORE PERFORMANCE on 02/08/2022
Purchases of new and used commercial vehicles are eligible for tax exemptions per the current tax law. Some vehicles may be eligible for higher deductions than others.The first year...
The standard mileage rate, also known as daily mileage or deductible mileage, is a rate set by the Internal Revenue Service (IRS) per mile maintained by a taxpayer for business purposes...
The IRS issued depreciation limits for commercial passenger cars placed in service by taxpayers in 2020. The IRS also released annual income inclusion values for these vehicles first...
It is improbable that either of the party will have time to think about the insurance issues there will be when there is a dissolution of their marriage with all the raw emotions and...
Posted by LLOYD J CAZES CPA on 07/16/2020
Did you know that YouTube is the second largest social platform, with more than 1.5 billion visitors per month? The video distribution site is almost unmatched in terms of time spent...
You probably already have an idea of what repossession means. It’s when you lost the collateral you put up to get a loan which can be things like a car, home, land, or personal...
Posted by JG Tax and Financial Services on 04/03/2020
The IRS has announced the 2020 standard mileage rates for commercial, medical, and other users of a car and the 2020 vehicle values that limit the application of specific rules to...
Posted by YourIRSTaxAdvocate.com on 02/15/2020