by briesterer@thinkvisionary.com | Apr 2, 2022 | Business, Newsletter, Tax
Cash flow is the lifeblood of every small business but many business owners underestimate just how vital managing cash flow is to their business’s success. In fact, a healthy cash flow is more important than your business’s ability to deliver its goods and...
by briesterer@thinkvisionary.com | Apr 1, 2022 | Business, Newsletter, Tax
Reminder: Rules for Depreciation and Expensing As part of the final guidance issued that pertains to the Tax Cuts and Jobs Act of 2017, new rules and limitations are in effect for taxpayers who deduct depreciation for qualified property acquired after September 27,...
by briesterer@thinkvisionary.com | Mar 7, 2022 | Newsletter, Tax
[vc_row][vc_column][vc_column_text]The IRS recently shared it receives thousands of R&D claims for credits in the hundreds of millions of dollars from corporations, businesses, and individual taxpayers. Claims for the research credit under Section 41 of the Tax...
by briesterer@thinkvisionary.com | Mar 7, 2022 | Newsletter, Tax
[vc_row][vc_column][vc_column_text]While there is incredible uncertainty as we move through 2022, there are a couple of major events tax teams should be tracking, as their outcomes could make a big difference for the 2022 tax landscape and well beyond. Businesses will...
by briesterer@thinkvisionary.com | Mar 3, 2022 | Individuals, Newsletter
The credit for other dependents is a tax credit available to taxpayers for each of their qualifying dependents who can’t be claimed for the child tax credit. The maximum credit amount is $500 for each dependent who meets certain conditions. These include:...
by briesterer@thinkvisionary.com | Mar 3, 2022 | Individuals, Newsletter
Social Security benefits include monthly retirement, survivor, and disability benefits; they do not include Supplemental Security Income (SSI) payments, which are not taxable. Generally, you pay federal income taxes on your Social Security benefits only if you have...
