by Tabitha Regan, CPA | Aug 26, 2024 | Accounting, Individual Tax
In an era of growing environmental consciousness, the Inflation Reduction Act of 2022 offers a suite of tax credits to make energy efficiency and renewable energy more accessible and financially attractive. This landmark legislation includes the Residential Clean...
by Laxmi Patel | Jun 26, 2024 | Accounting, Small Business
The Qualified Business Income (QBI) deduction, otherwise known as Section 199A, was introduced under the Tax Cuts and Jobs Act of 2017. This deduction allows owners of pass-through entities to claim a deduction of up 20% of qualified business income. Criteria for the...
by LittleOwlCPA Admin | Jan 27, 2023 | Accounting, Small Business
As a small business owner, it’s important to stay on top of your accounting and financial records throughout the year. Up-to-date records help you review your business in real time and keep a pulse on the bottom line. Solid financial data helps to ensure a...
by Tabitha Regan, CPA | Jul 23, 2021 | Accounting
Preparing for life’s important moments Most financial events — significant and routine — have tax consequences. Most people only think about their taxes leading up to the due date. CPAs are trusted advisers who assist with a variety of financial issues and their tax...
