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2021 Tax Breaks for Self-Employed Business Vehicles

The new 2022 car and truck models will be in dealership showrooms soon. If you’re in the market for a vehicle for your self-employed business, don’t forget to factor taxes into the equation. Starting point: Generally, you can claim deductions…
WXC Corporation Miami Doral
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Home Values Up 11.6% Over Last Year

Seemingly endless demand and low supply have driven record-breaking home value appreciation over the past year, Zillow's latest Market Report shows. Data from April pushed the envelope even further: Annual home value growth for a typical U.S.…
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IRS release state-by-state data on third round of Economic Impact Payments

WASHINGTON — The Internal Revenue Service and the Treasury Department released information today detailing how many people in each state received the third round of Economic Impact Payments through early June. The new details, available…
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IRS sending more than 2.8 million refunds to those who already paid taxes

WASHINGTON —The Internal Revenue Service is sending more than 2.8 million refunds this week to taxpayers who paid taxes on unemployment compensation that new legislation now excludes as income. IRS efforts to correct unemployment compensation…
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Two Thirds of Small Business Fear Inflation Will Hurt Recovery

The Alignable Inflation Poll, conducted among 7,735 small business owners from 4/24/21 to 5/5/21, shows that more than two out of three small business owners (67%) are concerned that inflation will hurt their ability to recover. And 38% of small…
WXC Corporation Miami Doral
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One Third of Remote Workers Say No to Returning to Office Full Time

More companies are calling workers back to the office, but will they readily return? A new study by global staffing firm Robert Half shows that about 1 in 3 professionals (34%) currently working from home due to the pandemic would look for a…
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IRS has options for gig economy workers and those with unemployment benefits

WASHINGTON — The Internal Revenue Service reminds workers in the gig economy and those who claimed unemployment compensation in 2020 of their options and where to find information on meeting their tax obligations. Gig economy The gig economy…
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American Rescue Plan tax credits available to small employers

American Rescue Plan tax credits available to small employers to provide paid leave to employees receiving COVID-19 vaccines; new fact sheet outlines details. WASHINGTON — The Internal Revenue Service and the Treasury Department announced…
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Treasury, IRS provide guidance on tax relief for deductions for food or beverages

Treasury, IRS provide guidance on tax relief for deductions for food or beverages from restaurants Businesses can temporarily deduct 100% beginning Jan. 1, 2021 WASHINGTON – The Treasury Department and the Internal Revenue Service today…