Inflation Reduction Act of 2022

Inflation Reduction Act of 2022

Friday, August 12th Congress passed the Inflation Reduction Act of 2022 and President Biden signed into law on August 16th.   The Inflation Reduction Act (hereafter referred to as “Act”) contains several clean energy incentives and tax related provisions.  Below are...
Texas Travel Industry Recovery Grant Program

Texas Travel Industry Recovery Grant Program

If you are a Texas business within the tourism, travel, or hospitality industry and have been impacted by COVID-19, please be aware of the Texas Travel Industry Recovery Grant Program (TTIR) which is awarding $180 million of grant funds.  Also note the webinars shown...
QBO Payroll Tip

QBO Payroll Tip

For those businesses who utilize Intuit’s QuickBooks Online (QBO) Payroll, please be aware Intuit charges ‘per employee’ in your payroll subscription for all active employees. If you have temporary or holiday workers on your payroll, we recommend marking them as ‘Not...
ROTH Conversions

ROTH Conversions

Are you concerned with retirement and the taxation of your retirement funds? Now may be the time to utilize the declined stock market as a tax planning opportunity. As an overview, you can either have a traditional IRA or a Roth IRA. Traditional IRA contributions...
Mileage Rate Update

Mileage Rate Update

Feeling the pressure of increased fuel prices?  The IRS has taken notice too.  In an attempt to help taxpayers and businesses, the IRS announced an increase to the standard mileage rate for business travel from 58.5 to 62.5 cents per mile.  The new rate will go into...