With Year-End Approaching, 3 Ideas That May Help Cut Your Tax Bill
If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are three quick strategies that may help you trim your taxes [...]
Small Businesses: There Still May Be Time To Cut Your 2021 Taxes
Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. You still have time to execute a few strategies. Purchase assets Thinking about buying new or used [...]
IRS Announces Adjustments to Key Retirement Plan Limits
In Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement plans. Here are some highlights: Elective deferrals. The annual limit on elective deferrals (employee contributions) will increase [...]
New Digital Asset Reporting Requirements Will Be Imposed In Coming Years
The Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 2021. It includes new information reporting requirements that will generally apply to digital asset transactions starting in 2023. Cryptocurrency exchanges will [...]
California Tax Updates Regarding Wildfire Victims
Update 1: Wildfire victims in parts of California now have until Jan. 3, 2022, to file certain tax returns and make tax payments. In August 2021, CA granted extensions to individuals and businesses affected by [...]
Giving Tuesday- The Link Team Partners with Redwood Empire Food Bank
The Link Team had a great time with the Redwood Empire Food Bank on their Trot To End Hunger today! Great people and an even better cause. Proud to have them as neighbors and amazing [...]
Infrastructure Law Sunsets Employee Retention Credit Early
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law has retroactively terminated it before it was scheduled to end. It now only applies through [...]
Happy Thanksgiving from the Linkenheimer Team!
This Thanksgiving, we are so thankful for our clients, community and friends. You are all part of our Link family and we truly appreciate each of you and are so grateful to be able to [...]
California Tax Updates for 11/17
Update 1: The rules for property tax appeals in California have changed. Effective June 21, 2021, four rules for tax appeals in CA changed, involving: petitions for redetermination; innocent spouse relief; rules for rescheduling or [...]
Businesses Can Show Appreciation — and Gain Tax Breaks — with Holiday Gifts and Parties
With Thanksgiving just around the corner, the holiday season will soon be here. At this time of year, your business may want to show its gratitude to employees and customers by giving them gifts or [...]