Happy New Year! As we kick off 2025, it’s a great time for you, an auto repair shop owner, to focus on financial organization, especially with tax season just around the corner. Proper record-keeping isn’t just about avoiding headaches with the IRS; it’s about gaining valuable insights into your business so you can continue to […]
Welcome to 2025! As a new year begins, it’s time to start thinking about taxes. For auto repair shop owners, understanding potential tax deductions is crucial for maximizing profitability. This blog post will explore some common tax write-offs available to your business. It will help you keep more of your hard-earned money so you can […]
Financial scares in your auto repair business can be far more terrifying than any haunted house or fright fest you’re attending this year – especially when it comes to quarterly taxes. Unlike annual taxes, quarterly taxes require you to pay estimated taxes throughout the year. This helps ensure that the IRS receives the full amount […]
The official tax deadline is creeping closer and closer. All payments must be submitted by April 15th – which is just days away. This applies to all tax payers, even if you’ve filed for an extension deadline. In this blog, we’re sharing a few last-minute tax tips to help you sail through the remainder of […]
The Inflation Reduction Act of 2022 was signed into law with the goal of addressing economic challenges and encouraging businesses and homeowners to adopt more “green” energy practices. With this bill comes an important provision: the Home Energy Efficient Tax Credit. This credit incentivizes homeowners to make energy-efficient improvements to their homes. In this blog […]
