Excellent Payroll Offer
Full Service Payroll $225/Month
Offer expires November 30, 2024
Tired of variable rates from payroll companies that nickel and dime you to the death.
1031 Like-Kind Exchange.
Financial and investment advisers should seek to understand the implications of a legislative proposal originally set forth in the American Families Plan that would severely limit benefits historically provided by Sec. 1031 of the Internal Revenue Code. Under the proposal, the deferral of capital gains from the exchange of real property used in a trade or business, or of investment property, would be limited to $500,000 ($1 million for married individuals filing jointly)
EV Tax Credit Rules
People who buy new electric vehicles may be eligible for a tax credit as high as $7,500, and used electric car owners may qualify for up to $4,000 in tax breaks as of 2023.
Income limits (Modified AGI): Married-Filing-Joint $300,000, Head-of-Household $225,000, and Single $150,000. If dealer credit is taken, claw-back provision (pay back dealer credit) will apply.
The car sale price cannot be over $55,000.
Standard Mileage Rates for 2023
Mileage Rates for 2023
Business 65.5 cents for the full year
Medical or moving purposes 22 cents
Charitable purposes 14 cents
These rates apply to EV's, hybrid's, gasoline and diesel-powered vehicles.
Employers will be able to use the fleet-average valuation rule or the cents-per-mile valuations rule.
Mission Statement
Our mission is to stand true to our values, morals, and ethics. As an Accountant, I understand and appreciate your trust in my firm. We will dedicate ourselves to ensure that our services are the most accurate, organized, and time efficient as possible. Thank you in advance for your trust in us.
Why specialize in small business?
We believe that small business owners are unique and require expanded services to ensure compliance with federal and state laws. Filing requirements for BOI, foreign investors, and increases in penalties has made it impossible to continue with the traditional accounting firm services. We know and understand that small business owners are extremely busy and require additional help in daily operations in the form of communications, administrative duties,
