by HintonBurdick | Dec 1, 2021 | News
While the recently passed Infrastructure Investment and Jobs Act primarily addresses infrastructure-related issues, it includes several tax provisions affecting individuals and small business taxpayers. Let’s take a look: Individuals Cryptocurrency...
by HintonBurdick | Dec 1, 2021 | News
Credit card balances typically follow a seasonal pattern, increasing significantly in the fourth quarter, coinciding with holiday shopping, and millions of taxpayers are still carrying debt from last year’s holiday season. Whether you are diligent about paying...
by HintonBurdick | Dec 1, 2021 | News
Here’s what business owners need to know about tax changes for 2021. Standard Mileage Rates The standard mileage rate in 2021 is 56 cents per business mile driven. Health Care Tax Credit for Small Businesses Small business employers who pay at least half the...
by HintonBurdick | Dec 1, 2021 | News
As we close out the year and get ready for tax season, here’s what individuals and families need to know about tax provisions for 2021. Personal Exemptions Personal exemptions are eliminated for tax years 2018 through 2025. Standard Deductions The standard...
by HintonBurdick | Nov 15, 2021 | Business Tax, Personal Tax, Tax
For our clients that have moving parts to their tax returns such as business activity, interest, dividends, capital gains, etc., we give them the opportunity to do tax planning each year. While this service costs money, the return on investment is well worth it. This...
