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Accounting for the Trucking Industry
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  • Home
  • Firm Profile
    • Accounting Fees
    • Press Releases
      • 2023 Norwalk Business Hall of Fame
      • 2019 Best of Norwalk Award
      • 2014 Best of Norwalk Award
      • Two-Time Award Winner
    • Testimonials
    • Track Record
      • 2015 Peer Review
      • 2012 Peer Review
      • 2011 Peer Review
      • 2009 Peer Review
      • 2008 Peer Review
  • Services
  • FAQ
    • Pay Your IRS Bill
    • Six Tips on Gambling Income and Losses
    • The Refund Guru
    • US Commerce Association
    • Incorporating
    • Tax Preparation Service
    • Strategic Business Planning
    • Small Business Accounting
    • Payroll Services
    • Tax Planning services
  • Business Owners
  • Blog
  • Contact
Accounting for the Trucking Industry
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Month: January 2025

January 30, 2025January 30, 2025tax

The standard business mileage rate increased in 2025

The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible cost of operating an automobile for business has also […]

January 28, 2025January 28, 2025tax

Do you have questions about taking IRA withdrawals? We’ve got answers 

Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional IRA, SIMPLE IRA and SEP IRA. Since funds can’t stay in these […]

January 22, 2025January 22, 2025tax

Small business strategy: A heavy vehicle plus a home office equals tax savings

New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation write-offs. One requirement is you must use the vehicle more than 50% for business. If […]

January 14, 2025January 14, 2025Uncategorized

Saving for college: Tax breaks and strategies your family should know 

As higher education costs continue to rise, you may be concerned about how to save and pay for college. Fortunately, several tools and strategies offered in the U.S. tax code may help ease the financial […]

January 11, 2025January 11, 2025tax

How Section 1231 gains and losses affect business asset sales

When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and losses from the sale or […]

January 8, 2025January 8, 2025Uncategorized

Maximize your 401(k) in 2025: Smart strategies for a secure retirement 

Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a 401(k) or Roth 401(k), contributing as much as […]

January 6, 2025January 6, 2025tax

Understanding the Work Opportunity Tax Credit

According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging from 4.0% to 4.3% from May to November of 2024. With today’s hiring challenges, business owners should be […]

January 3, 2025January 3, 2025tax

Savings bonds and taxes: What you need to know

When considering the advantages of U.S. Treasury savings bonds, you may appreciate their relative safety, simplicity and government backing. However, like all interest-bearing investments, savings bonds come with tax implications that are important to understand. […]

January 2, 2025January 2, 2025tax

Operating as a C corporation: Weigh the benefits and drawbacks

When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and disadvantages that may significantly affect your business operations and financial health. Here’s a […]

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