Financial Advice – Accounting Firm Jacksonville

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Understanding the Electric Vehicle Credit: A Comprehensive Guide

As the world shifts towards sustainable energy and transportation, electric vehicles (EVs) have gained significant traction. To incentivize this transition, many governments offer various incentives, including the electric vehicle (EV) credit. This article delves into the details of the EV credit, its benefits, eligibility criteria, income limitations, and how it impacts both consumers and the …

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Small Business Tip: How to Use Depreciation to Increase Your Tax Deductions

Financial Advice, Tax Tips / By Doug Benefield

October 2021 Reporting business expenses and assets at tax time is never cut and dry. The federal government offers business owners options for reporting tax deductions that can save your business money. Are you taking advantage of them? One overlooked tax deduction is depreciation. This relates to the decline in the value of your business …

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4 Tips to Help You Start Saving Early

Financial Advice / By Doug Benefield

To prepare for emergencies, big life changes, or other unexpected events like say, a global pandemic, how much should you put away annually? The truth is – it’s a lot less than people think. Over the course of a career, saving about $180 every biweekly paycheck has the power to make you a millionaire. One …

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