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G&G CPA's Small Business & Tax Blog
Rafael Garcia, CPA, EA
Sep 13, 2022
Year-end tax planning ideas for your small business
Quarter 3 is ending soon so now it’s a good time to think about making moves that may help lower your small business taxes for this year...
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Rafael Garcia, CPA, EA
Aug 30, 2022
New Clean Vehicle Credits under the new Inflation Reduction Act
New Clean Vehicle Credit Before the enactment of the law, you could claim a credit for each new qualified plug-in electric drive motor...
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Rafael Garcia, CPA, EA
Aug 27, 2022
THE TAX OBLIGATIONS IF YOUR BUSINESS CLOSES ITS DOORS
THE TAX OBLIGATIONS IF YOUR BUSINESS CLOSES ITS DOORS Sadly, many businesses have been forced to shut down recently due to the pandemic...
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Rafael Garcia, CPA, EA
Aug 26, 2022
LIKE-KIND EXCHANGE IMPORTANT CONSIDERATIONS
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather...
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Rafael Garcia, CPA, EA
Aug 26, 2022
AVOID THE EARLY WITHDRAWAL TAX PENALTY !
When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early...
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