by briesterer@thinkvisionary.com | Dec 2, 2021 | Business, Newsletter
Small Business Taxpayers: The Year in Review 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...
by briesterer@thinkvisionary.com | Nov 18, 2021 | Business
Importance of Refining Costs Creating a budget is a very important preliminary step in owning a business. To use your budgets effectively, you will need to review and revise them frequently. This is particularly true if your business is growing and you plan to move...
by briesterer@thinkvisionary.com | Oct 29, 2021 | Business, Newsletter
Business Owners: Year-end Tax Planning Strategies Several end-of-year tax planning strategies are available to business owners to reduce their tax liability. Let’s take a look: Deferring Income Businesses using the cash method of accounting can defer income into...
by briesterer@thinkvisionary.com | Oct 4, 2021 | Business, Individuals, Newsletter
If You Receive an IRS Letter or Notice The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Here’s what you need to know about IRS...
by briesterer@thinkvisionary.com | Oct 1, 2021 | Business, Individuals, Newsletter
Use These Strategies To Pass on Wealth to Heirs Individuals with significant assets should take advantage of proven tax strategies such as gifting and direct payments to educational institutions to transfer wealth to heirs tax-free, as well as minimize estate taxes....
by briesterer@thinkvisionary.com | Sep 6, 2021 | Business, COVID-19, Individuals, Newsletter
Gross Receipts Safe Harbor for Employers Claiming ERC Safe harbor is now available that allows employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC). These amounts are: The amount of the...
