Chicago Gangsters and Ghosts Tours
Best Tax Consultant in Chicago Shares News About Tax Provisions
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.
Things to do in Chicago – Part 56
Milton Lee Olive Park
Things to do in Chicago – Part 55
Ping Tom Memorial Park
Business Tax Consultant In Chicago, IL Discusses When Home Office Can Be Deducted As a Business Expense
The pandemic changed the way many do business and work. More and more people and businesses realized that working from home was fiscally feasible. Many chose this option and have kept it. Some are now considering what tax options are available to them for a home office.
Jeff Badu of Badu Tax Services, LLC., offers business accounting services in Chicago, Illinois. The idea of a home office does come up frequently. There are certain rules that must be met to qualify for a home office.
“The biggest one is certain pass-through businesses are allowed the opportunity to claim business office deductions on their personal income taxes,” said Badu
The area of the home must be for work and work only. This means no hobbies or other activities are allowed in that area. However, it does not have to be an entire room.
“A home office can be a nice deduction provided you meet the necessary requirements. I strongly recommend to all of my clients who would like a home office to contact me. I want to be sure they understand all that a home office entails and requires,” said Badu, speaking of his accounting services in Chicago, IL.
Badu is a licensed CPA in Chicago, IL with deep understanding of small business tax liabilities, deductions and more. He helps his clients save thousands a year in tax breaks.
Badu Tax Services, LLC has worked exclusively in Chicago for many years. Jeff Badu, CPA, is certified in the state of Illinois and specializes in taxation for small and medium businesses. Learn more at his website. Visit www.badutaxservices.com for details.
Things to do in Chicago – Part 54
Chicago CityPASS
Things to do in Chicago – Part 53
Lurie Garden
Things to do in Chicago – Part 52
LEGOLAND Discovery Center Chicago
Things to do in Chicago – Part 51
Leaning Tower of Niles
Things to do in Chicago – Part 50
Pritzker Family Children’s Zoo
Badu Tax Services 