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Business Tax Tips
Tax implications of buying or selling a business
/0 Comments/in News, Tax Tips - Business /by Betty KimBuying or selling a business may be the largest transaction you’ll ever make. Pay attention to taxes. After a deal is done, it may be too late to get the best tax results.
Buying an electric vehicle? What is the tax credit available
/0 Comments/in News, Tax Tips - Business /by Amanda RogersAlthough 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 IRS mileage rate decreases again for 2021
/0 Comments/in News, Tax Tips - Business /by Amanda RogersThis year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per mile.