Are you fortunate to be working from home because of the pandemic? Or have you lost your job and collecting unemployment due to COVID-19? Both of these situations could have tax implications.
Homes have always been the foundation of our lives, but due to the pandemic, it is even more true that THERE IS NO PLACE LIKE HOME.
What happens if you (or someone you know) can’t pay taxes on time?
Many of you owning small business, start- up companies or plan to start up a company during this crazy time, you may be wondering how important record keeping is to your business.
Many people are wondering what they can do to cope with the current financial situation that is occurring due to the coronavirus (COVID – 19) pandemic. One area that you may want to take a look at are your retirement accounts.
The tax code provides a credit to purchasers of qualifying plug-in electric drive motor vehicles including passenger vehicles and light trucks. The credit is equal to $2,500 plus an additional amount, based on battery capacity, that can’t exceed $5,000.
Although electric vehicles (or EVs) are a small percentage of the cars on the road today, they’re increasing in popularity all the time. And if you buy one, you may be eligible for a federal tax break.
The tax code provides a credit to purchasers of qualifying plug-in electric drive motor vehicles including passenger vehicles and light trucks. The credit is equal to $2,500 plus an additional amount, based on battery capacity, that can’t exceed $5,000.
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© Encore Partners LLP 2021 – all rights reserved
site design by digitalstoryteller.io