The path can get foggy sometimes…
a guide can help.
Disclaimer: All blog posts and articles are for educational purposes only. No content should be considered as tax advice to you. You know when you are receiving specific tax advice from Pathway CPA Group LLC when you are an engaged client through an active Engagement Agreement. Always seek tax guidance for your specific scenario from a knowledgeable CPA or tax preparer.
Natural Calamities and IRS Tax Relief
Recent natural calamities in various parts of our nation have caused considerable distress. We want to bring to your attention some crucial tax-related implications and preventive measures you may consider.
Key Insights into Depreciation
Here are some crucial insights into depreciation, particularly regarding business or rental assets.
Critical Updates on the Pass-Through Entity Tax (PTET)
We have some critical updates on the pass-through entity tax (PTET), which has recently become the rule in most states rather than the exception.
Tax Benefits of Repair Expenses vs. Improvement Costs.
The distinction between repair expenses and improvement costs can impact your tax benefits.
How to document expenses during business travel:
Here’s some crucial information on how to document expenses during business travel.
Shutting Down a C Corporation
There are several tax implications that you need to be aware of when shutting down a C corporation.
The IRS recently issued new guidance on electric vehicles.
The IRS recently issued new guidance on electric vehicles. There are four ways you can potentially benefit from a federal tax credit for an EV you place in service in 2023 or later.
Basic Estate Planning
Without a will, state law dictates the distribution of your assets, which may not align with your intentions.
Do You Need to Add Users in QuickBooks Online?
QuickBooks Online allows you to give multiple users access to your account. Here’s how to set them up.
Holding Real Property in a Corporation: Good or Bad Idea?
Holding Real Property in a Corporation: Good or Bad Idea?
Why You Should Be Using Tags in QuickBooks Online, and How to Create Them.
Why You Should Be Using Tags in QuickBooks Online, and How to Create Them.
Helicopter View of 2023 Meals and Entertainment Deduction
Helicopter View of 2023 Meals and Entertainment
Send Tax Documents Correctly to Avoid IRS Trouble
Send Tax Documents Correctly to Avoid IRS Trouble
Haven't Finished 2022 Taxes?: 6 Things to Consider
Putting off income tax preparation because you’re unsure of some issues? Here are some common areas of confusion.
Is Airbnb Rental Income Subject to Self-Employment Tax?
Do you owe self-employment tax on Airbnb rental income?
Alert: A Massive New FinCEN Filing Requirement Is Coming
Alert: A Massive New FinCEN Filing Requirement Is Coming