Butrica Ployd and Associates

06/28/2023

Do you understand your real estate classification?

We want to help you learn more about how the IRS sees you and how that impacts your tax strategy.

Real estate is full of income opportunities. But, knowing your role is key to your tax strategy. We'll help you create the right one for you.

09/30/2022

Butrica Ployd's September Tax Alerts

New EV Credits, increasing IRS audits, and Yoga Tax Evasion

Quick Run: To qualify for the Electric Vehicle (EV) credit under IRC Sec. 30D, the Inflation Reduction Act of 2022 requires that final assembly of qualifying electric vehicles occurs in North America. Because some models are built in multiple locations, there may be vehicles on the Department of Ene...

08/24/2022

Emerging Tax Alert on Student Loans from Butrica Ployd

The President announced new student loan relief today. Here are our highlights.

08/22/2022

Tax Alerts: The Inflation Reduction Act

The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign the bill into law shortly. The IRA includes significant provisions related to climate change, health care, and, of course, taxes. The IRA also addresses the federal budget....

08/05/2022

August Tax Alerts - Butrica Ployd's Reasonable Deductions

08/05/2022

CHIPS Act poised to boost U.S. businesses

CHIPS Act poised to boost U.S. businessesThe Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) was recently passed by Congress as part of […]

08/05/2022

CHIPS Act poised to boost U.S. businesses

08/03/2022

How do you handle the costs involved in developing your business website for tax purposes? Here are the general rules.

08/02/2022

Three tax breaks for small businesses

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. […]

08/02/2022

Three tax breaks for small businesses

07/26/2022

Here are some key tax-related deadlines for businesses and other employers during Quarter 3 of 2022. AUG. 1: Report income tax withholding and F**A taxes for Quarter 2 of 2022 (unless eligible for Aug. 10 deadline). File a 2021 calendar-year retirement plan report or request an extension. SEPT. 15: If you operate a calendar-year partnership or S corp. that filed an extension, file a 2021 income tax return. If a calendar-year C corp., pay third installment of 2022 estimated income taxes. Contact us for more about the filing requirements and to ensure you meet all applicable deadlines.

07/21/2022

Important considerations when engaging in a like-kind exchange

A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. […]