Buying or Leasing Your Vehicle: The Tax Implications of Both
If you are trying to decide between buying or leasing your vehicle, you might be wondering, which option is best and what provides the most tax savings? The Difference between…
If you are trying to decide between buying or leasing your vehicle, you might be wondering, which option is best and what provides the most tax savings? The Difference between…
If you have your own business, one of the smartest tax moves you can make is to hire your spouse to work as your employee. Here are 5 things you…
Most people have heard of flexible spending accounts that are typically used to pay for healthcare costs like deductibles, copayments, coinsurance, and some drugs, but have you heard about Health…
As a business owner, you are no doubt aware of the complexities of handling payroll, HR issues and other matters as you expand and employ additional workers. At Tuffy &…
There is a lot of talk these days about the Employee Retention Credit, originally established by Congress as part of The Coronavirus Aid, Relief, and Economic Security (CARES) Act to…
The Inflation Reduction Act of 2022 extends and expands energy tax credits that will make your home more efficient, but what exactly does this mean for you? Here at Tuffy…
The $80 billion that the Internal Revenue Service is getting in additional funds over the next 10 years will be devoted to upgrades for IRS operations, additional hiring initiatives as…
If you’re near retirement age, you are no doubt thinking of your future and how much money you will have once you stop working. Last December, Congress passed the SECURE…
There’s no doubt that every tax-paying individual and business would love to reduce their tax burden each year. And with the right tax deduction strategies in place, that is entirely…
Are you interested in taking advantage of the tax code’s “offset game?” Did you know that your stock portfolio can represent a little gold mine of opportunities that will help…