Tax provisions change annually, and the upcoming 2022 year is proving to be no different. This means business and personal accounting and bookkeeping will be seeing some changes. Some will be great for the individual and for the business as well.
Jeff Badu offers accounting services for individuals and businesses in Chicago, Illinois. He is consistently on the pulse of the tax changes coming from the state and federal governments each year. This year he has noted a few specific elements that deserve some explanation.
One of the better tax credits available for the coming year is for electric vehicles. Tax credits of up to $8,500.00 are available for qualifying vehicles. This will be in addition to the normal depreciation allowed on business vehicles.
Other green energy options available include an extension on the production tax credit for energy from renewable sources like wind and solar. There is also an increase under Section 48 specifically for solar and wind as well.
Badu has a special private cloud as part of his tax preparation services in Chicago, IL. Clients to upload appropriate documents. This saves time, money and paper. Badu is able to review all documents and determine tax liabilities and refunds.
Jeff Badu, CPA, is a tax professional serving Chicago, Illinois. He specializes in providing tax services and consulting for small businesses and individuals. His goal is to save his clients as much money as possible by maximizing tax credits and deductions.
Learn more about Badu and his services at www.badutaxservices.com.
Company Name: Badu Tax Services LLC
Contact Person: Jeff Badu
Email: Send Email
Address:4258 N Greenview Ave Ste 1E
State: Illinois 60613
Country: United States