SJG Blog

Now is the Time to Invest in Renewable Energy
As the Inflation Reduction Act of 2022 (IRA) turns one year old, companies in the renewable energy sector are seeing their growth “turbocharged,” fueled by increased demand for products and services that supply greener sources of power. We’re seeing significant shifts in consumer behavior, whether driven by altruism, climate concerns,

Tax Strategy and Tax Credits, with Greg Silberman, S.J. Gorowitz Accounting & Tax Services
Greg Silberman with S.J. Gorowitz Accounting & Tax Services – Featured Interview on Radio X

Understanding Alternative Energy and its Tax Incentives
Renewable energy is an area of growing interest for businesses looking to take advantage of the tax incentives included in the Inflation Reduction Act of 2022 (IRA). Because the incentives are so attractive, business owners will want to understand how they might apply to their operations and what they can

How to Find a Small Business Accountant
If you own a small- to mid-sized business, finding the right expert for your accounting and bookkeeping needs is critical to your operations. You may have tried to handle those functions yourself at one point and learned quickly that proper accounting can be time-consuming. With the help of a small

Inflation Reduction Act Expands Carbon Credits for Businesses
The Inflation Reduction Act of 2022 (IRA) has been called “the most significant climate legislation in U.S. history, offering funding, programs, and incentives to accelerate the transition to a clean energy economy.” Renewable energy is a topic of ongoing interest and relevance to businesses, particularly because the IRA significantly expanded

Understanding the New Estate and Gift Tax Limits for 2023
Each year, the IRS sets the annual gift tax exclusion, which allows a taxpayer to gift a certain amount per recipient tax-free. For 2023, the IRS announced that the annual gift tax exclusion would increase to $17,000 per recipient—the highest exclusion amount ever. Married couples may gift up to $34,000
Featured Posts
Understanding Forms 1099-NEC and 1099-MISC Filing Requirements for Businesses
While there are many types of “Information Returns” that businesses are required to file, the most common for our business clients are Forms 1099-NEC and …
What is a W-9 and Why Do I Need It? Back by Popular Demand.
Form W-9 is an Internal Revenue Service form which is used to request and confirm the name, address, and taxpayer identification information of a taxpayer. …
New Mileage Reimbursement Rates!
The IRS has issued a special midyear increase to the 2022 standard mileage rates due to the rising cost of gasoline. Effective July 1, 2022, there will be an increase of 4 cents for business and medical/moving mileage.