by ABIP | Mar 4, 2022 | Accounting, Taxes
Shifting Tax Regulations in the U.S. & Abroad While there is incredible uncertainty as we move into 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....
by ABIP | Jan 5, 2022 | Accounting, Newsletter, Taxes
Filing your tax return promises to be just as complicated as always – especially if you received stimulus payments or advance child tax credit payments. However, there are steps that taxpayers can take right now to make sure their tax filing experience goes...
by ABIP | Dec 2, 2021 | Accounting, Business, News, Newsletter, Taxes
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 ABIP | Dec 1, 2021 | Accounting, Individuals, News, Newsletter, Real Estate, Taxes
Individual Taxpayers: The Year in Review As we close out the year and get ready for tax season, here’s what individuals and families need to know about tax provisions for 2021. Personal Exemptions Personal exemptions are eliminated for tax years 2018 through...
by ABIP | Oct 6, 2021 | Accounting, Individuals, News, Taxes
Marginal vs. Effective Tax Rates Understanding marginal and effective tax rates are important for tax planning purposes; however, many taxpayers don’t fully understand the differences. Let’s take a closer look: Marginal Tax Rate The United States has a...
by ABIP | Oct 5, 2021 | Accounting, Individuals, News, Newsletter, Taxes
E-Signatures Extended for Many Tax Forms To help reduce the burden to taxpayers brought about by the coronavirus pandemic, the use of electronic or digital signatures on certain paper forms they normally cannot file electronically has been extended through December...
