I’m a shop guy. I’ve spent my entire life in the automotive industry. Some of my earliest memories are running around my dad’s shop in diapers. I grew up in that auto body shop, working there on summer and winter breaks

3 Ways Your Auto Body Business Can Get Tax Credits Normally Reserved for High-Tech Companies Maybe you don’t know much about Research & Development (R&D) tax credits – though they have been around since 1981, they have been growing in popularity

Are You Ready for the Next Market Crash? The Coronavirus Crash of 2020 took us all by surprise – many people and businesses are still recovering from the financial crisis resulting from COVID-19. With fears running rampant, we’re all wondering the

Three Ways to Reduce or Defer Capital Gains Taxes Capital gains are a real pain in the taxes! While capital gains are taxed differently than income, the rate at which they’re taxed ranges from 0% all the way up to 37%,

Change in Administration, Change in Tax Policy? With Biden set to take office on January 20th, you’re probably starting to worry about the incoming administration’s tax policy and how it could impact your shop – and since some small businesses could

How Do PPP Loans Affect Your Taxes? The year is almost over, and it’s past time to organize your taxes for 2020. Considering all the twists and turns this year held, your upcoming taxes will probably look different than ever before. If

Considering Deferring Your Share of Your Employees' Social Security Tax? Social security taxes are among the biggest tax burdens faced by employers and employees alike, with both of you paying the IRS 6.2%, for a total tax rate of 12.4%. Since

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