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site design by digitalstoryteller.io
Buying an electric vehicle? What is the tax credit available
/in News, Tax Tips - Business/by Betty KimAlthough 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
/in News, Tax Tips - Business/by Betty KimThis 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.
Favorable PPP loan changes and doubled business meal deductions
/in News, Tax Tips - Business/by Betty KimThe COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to the pandemic.