2022 Year-End Tax Planning for Businesses
As the year draws to a close, it’s important that we meet to discuss any year-end strategies that might help lower your business’s taxable income
Scott Newsom
November 15, 2022
As the year draws to a close, it’s important that we meet to discuss any year-end strategies that might help lower your business’s taxable income
On August 16, President Biden signed the 2022 Inflation Reduction Act (IRA), a significantly scaled-back version of the Build Back Better Act. Two of the
The IRS announced inflation adjustments for tax year 2023. The items adjusted for annual inflation include tax rate schedules, the standard deduction, and more than
The IRS issued a simplified procedure for certain estates to obtain an extension of time in which to to make a portability election under Code
Several significant tax law changes took effect in 2021 that may affect your business’s federal tax filings. As the year draws to a close, we
Due to the enactment of legislation to offset the economic burden wrought by COVID-19, there is a lot to consider when reviewing year-end tax planning
In late May, the Biden Administration released its proposed budget for fiscal year 2022. Proposals in the budget, which are described in the General Explanations of
At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic.
Depreciation Deductions Among the many changes made by the CARES Act, the one which may have the most impact is the correction of a technical error
Newsom and Associates PA
12740 Atlantic Blvd
Suite 7
Jacksonville, FL 32225
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Tel: (904) 320-0572
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