Category: Tax Tips

Business automobiles: How the tax depreciation rules work

Published on: November 15, 2023 By: Oozle Media

Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger autos (which include many pickups and SUVs) can result in it taking longer than expected to fully depreciate a vehicle.

Read Article

What types of expenses can’t be written off by your business?

Published on: October 11, 2023 By: Oozle Media

In the world of tax deductions, it’s crucial to know what you can’t claim. Explore this blog to unveil the expenses your business can’t write off and safeguard your financial compliance.

Read Article

Moving Mom or Dad Into a Nursing Home? 5 Potential Tax Implications

Published on: August 16, 2023 By: Oozle Media

More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking about taxes. But there may be tax consequences. Let’s take a look at five possible tax breaks.

Read Article

Traveling for business this summer? Here’s what you can deduct

Published on: July 20, 2023 By: Oozle Media

If you and your employees are traveling for business this summer, there are a number of considerations to keep in mind. Read our blog to learn what you can deduct!

Read Article

4 Tax Challenges You May Encounter If You’re Retiring Soon

Published on: June 5, 2023 By: Oozle Media

Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Read our blog for a brief rundown of four tax and financial issues you may contend with when you retire!

Read Article

Paperwork You Can Toss After Filing Your Tax Return

Published on: May 10, 2023 By: Oozle Media

Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain records. Read our blog to learn about what paperwork you can toss after filing your tax return!

Read Article

A Guide to Deducting Home Office Expenses

Published on: March 29, 2023 By: Oozle Media

If you’re self-employed and run your business from home, you might be able to claim deductions for home office expenses against your business income. Read our blog to learn more!

Read Article

2022 Tax Filing Guide

Published on: January 26, 2023 By: Oozle Media

This a reference guide for use with 2022 tax return filing. 2022 Tax Brackets and Federal Income Tax Rates Tax Rate Single Married Filing Joint Married Filing Separate Head of Household 10% $0 to $10,275 $0 to $20,550 $0 to $10,275 $0 to $14,650 12% $10,276 to $41,775 $20,551 to $83,550 $10,276 to $41,775 $14,651…

Read Article

How Can I Lower My Business Taxable Income?

Published on: October 7, 2022 By: Oozle Media

As a small business owner, you are most likely in charge of your own taxes. That’s why we’ve put together some tips on how to reduce your taxable income. Discover what they are on our blog!

Read Article

Your 2021 Tax Filing Guide

Published on: March 7, 2022 By: Oozle Media

Are you ready for tax season? Do you know your tax rate? If not, don’t worry. We’ll go over income rate, deductions, and more in our guide below!

Read Article

2022 Tax Filing Year Summary

Published on: January 27, 2022 By: Oozle Media

In 2021, we saw several laws come into effect that could change how you do your taxes this year. Watch out for these key dates and learn how this tax filing season is different.

Read Article

What is Advance Child Tax Credit?

Published on: June 25, 2021 By: Oozle Media

There are some exciting changes to Child Tax Credit. See how these changes could benefit you!

Read Article