Clean Vehicle Credit under the Inflation Reduction Act: President Joe Biden has implemented a new bill that would allow consumers to receive credits up to $7,500 if they have purchased any sort of electric automobiles. The Inflation Reduction Act (IRA) includes a wide range of tax incentives aimed at combating the dire effects of climate … Continued
2023 Deadlines HTB strives to prepare our clients for deadlines and important dates regarding tax filing and other financial deadlines. As always, please reach out to your HTB professional regarding your specific accounts or to learn more about the services we can provide to you and/or your business. January January 17 Individuals: Paying the fourth installment … Continued
The Inflation Reduction Act includes wide-ranging tax provisions The U.S. Senate and House of Representatives passed the Inflation Reduction Act (IRA). President Biden is expected to sign the bill into law. The IRA includes significant provisions related to climate change, health care, and, of course, taxes. The IRA also addresses the federal budget deficit. According … Continued
Checking in on your accounts payable processes Accounts payable is a critical area of concern for every business. However, as a back-office function, it doesn’t always get the attention it deserves. Once in place, accounts payable processes tend to get taken for granted. Following are some tips and best practices for improving your company’s … Continued
2022 Deadlines HTB strives to prepare our clients for deadlines and important dates regarding tax filing and other financial deadlines. As always, please reach out to your HTB professional regarding your specific accounts or to learn more about the services we can provide to you and/or your business. January January 31 Individuals: Filing a 2021 income … Continued
2022 Deadlines HTB strives to prepare our clients for deadlines and important dates regarding tax filing and other financial deadlines. As always, please reach out to your HTB professional regarding your specific accounts or to learn more about the services we can provide to you and/or your business. January January 31 Individuals: Filing a 2021 income … Continued
A critical deadline is approaching for many of the businesses that have received loans under the Paycheck Protection Program (PPP), which was created in March 2020 by the CARES Act. If these borrowers do not take action before the deadline expires, their loans will become standard loans, and the borrowers could be responsible for repaying … Continued
The first advance payments under the temporarily expanded child tax credit (CTC) will begin to arrive for nearly 39 million households in mid-July 2021. Taxpayers do have the option to opt out of the advance payments. Most eligible families won’t need to do anything to receive the payments, but you need to understand the implications … Continued
President Biden recently announced his $1.8 trillion American Families Plan (AFP), the third step in his Build Back Better policy initiative. The announcement followed the previous releases of the proposed $2.3 trillion American Jobs Plan and the Made in America Tax Plan. These plans propose major investments in various domestic initiatives, such as expanded tax credits for … Continued
President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact sheet released by the White House. The “American Families Plan” contains tax breaks for low- and middle-income taxpayers and tax increases on those “making over $400,000 per year.” Here’s a summary of some of the … Continued
