Tuesday Tax Tip - Planning Ahead for 2023
Tax season alerts and planning ahead for 2023 Taxpayers face a number of issues due to critical tax law changes that took place in 2021...
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Peggy Maffeo
- Aug 2, 2022
- 1 min
Tuesday Tax Tip - Plug-in Vehicle Credit
Looking for a car? How about a plug-in electric drive vehicle? It will get you an IRC 30D credit on your income taxes! Internal Revenue...
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Peggy Maffeo
- Jul 26, 2022
- 3 min
Tuesday Tax Tip - Top 10 Self-Employed Deductions
If you are self-employed here are the Top 10 self-employed BUSINESS EXPENSES, you can deduct on your taxes. What Can I Deduct? To be...
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Peggy Maffeo
- Jul 19, 2022
- 3 min
Tuesday Tax Tip - Retirement Plans for Self-Employed People
Are you self-employed? Did you know you have many of the same options to save for retirement on a tax-deferred basis as employees...
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Peggy Maffeo
- Jul 12, 2022
- 1 min
Tuesday Tax Tip - Business Expenses
Standard mileage rate For tax year 2022, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for...
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Peggy Maffeo
- Jun 28, 2022
- 2 min
Tuesday Tax Tip - Income Taxes-Pay-As-You-Go
Income taxes are pay-as-you-go. This means that by law, taxpayers are required to pay most of their taxes during the year as income is...
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Peggy Maffeo
- Jun 21, 2022
- 1 min
Tuesday Tax Tip - When to Deduct
When to Deduct. In most cases, taxpayers can deduct expenses in the year paid or incurred. Some costs must be ‘capitalized,’ however....
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Peggy Maffeo
- Jun 14, 2022
- 1 min
Tuesday Tax Tip - Allowable Deductions
Allowable Deductions. Taxpayers can deduct expenses paid to run a business that are both ordinary and necessary. An ordinary expense is...
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Peggy Maffeo
- Jun 7, 2022
- 1 min
Tuesday Tax Tip - SE Tax
SE Tax. For those making a profit, self-employment and income tax may need to be paid. Self-employment tax includes Social Security and...
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Peggy Maffeo
- May 24, 2022
- 1 min
Tuesday Tax Tip - Schedule C or C-EZ
Schedule C or C-EZ. Self-employed taxpayers must file a Schedule C, Profit or Loss from Business, or Schedule C-EZ, Net Profit from...
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Peggy Maffeo
- May 17, 2022
- 1 min
Tuesday Tax Tip - Estimated Tax for Self-employed
Self-employed taxpayers generally need to make quarterly estimated tax payments. IRS Publication 505, Tax Withholding and Estimated Tax,...
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Peggy Maffeo
- May 10, 2022
- 1 min
Tuesday Tax Tip - Are You Self-Employed?
Self-Employed Taxpayers. Sole proprietors and independent contractors are two types of self-employment. Taxes can be complex for the...
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Peggy Maffeo
- May 3, 2022
- 2 min
Tuesday Tax Tip - Review Your Fed W/H
All taxpayers should review their federal withholding each year to make sure they're not having too little or too much tax withheld....
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