Insights: Tax Services

The Inflation Reduction Act: Construction Firms

September 2, 2022

By: Chris Lambert, CPA, CGMA, CCIFP The Inflation Reduction Act of 2022, signed into law on August 16, is designed to address energy, tax, and health policy. The act dramatically increases the Internal Revenue Code (IRC) Section 179D energy-efficient commercial building deduction, making it especially impactful for architecture, engineering, and construction industries and commercial building…

Read More

Home sweet home: Do you qualify for office deductions?

August 31, 2022

If you’re a business owner working from home or an entrepreneur with a home-based side gig, you may qualify for valuable home office deductions. But not everyone who works from home gets the tax break. Employees who work remotely can’t deduct home office expenses under current federal tax law. To qualify for a deduction, you…

Read More

Expenses Related to Making Your Business More Accessible? Learn About the Disabled Access Credit

August 26, 2022

By: Andrew Uy & Ryan Mink, CPA The Disabled Access Credit allows a credit for small businesses that have expenses related to making their business more accessible to people with disabilities. This includes website accessibility improvements. The credit provides for up to $5,000 in tax credits for a small business. As a reminder, a tax…

Read More

Tax Implications of the Inflation Reduction Act (IRA)

August 24, 2022

The House of Representatives passed The Inflation Reduction Act (IRA) Friday, August 12, and President Joe Biden sign into law August 16. The legislation, which is a pared-down version of the proposed Build Back Better plan, was passed through the budget reconciliation process and is expected to pay for itself and decrease the budget deficit.…

Read More

How to treat business website costs for tax purposes

August 17, 2022

These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs provide business taxpayers launching a website with some guidance as to the proper treatment of the costs. Plus, businesses can turn to…

Read More

Is your withholding adequate? Here’s how to check

August 15, 2022

When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so that this doesn’t happen again next year. You might even want to adjust your withholding if you got a big refund. Receiving a tax refund essentially means you’re giving the…

Read More

Employer tax benefits of student loan repayment programs

August 1, 2022

The sheer amount of student loan debt individuals are graduating from higher education with has been increasingly covered in the news. While the government has been working to forgive student loan debt for certain people, there is something employers can do to help take the burden off employees and their tax liability. In addition to…

Read More

Three tax breaks for small businesses

July 30, 2022

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. 1. QBI deduction For 2018 through 2025, the qualified business income (QBI) deduction is available to eligible individuals, trusts and estates. But it’s not available to C corporations or…

Read More

I Bonds Can Help You Tackle Inflation, But You Must Know the Rules

July 27, 2022

With inflation rates reaching historical highs and driving up the cost of doing business, business owners are seeking out creative ways to fight inflation. The Series I Savings Bond is one tool that’s been getting some buzz.   Also known as I Bonds, these low-risk savings products depend on higher inflation to produce better returns.…

Read More

Suttle Subjects – Cryptocurrency Ep. 001

July 19, 2022

    Ryan Mink, CPA   Hi everyone! Welcome to the very first episode of Suttle Subjects. My name is Ryan Mink. I’m a CPA and a Senior Manager with Suttle & Stalnaker.   I want to preface this episode by reminding everyone that regulation is still forming for the cryptocurrency and digital asset space,…

Read More

SUBSCRIBE TO OUR NEWSLETTER

Receive timely news and updates from our newsletter.

  • This field is for validation purposes and should be left unchanged.