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The New Federal Emissions Standards’ Impact on the Transportation Industry
The U.S. Environmental Protection Agency announced new national greenhouse gas pollution standards for freight trucks and other heavy-duty vehicles.
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Consider a Pass-Through Entity Tax Election to Maybe Save on Federal Taxes
Pass-through entities in many U.S. states now have the option to calculate and pay income tax at the entity level, which may offer tax savings.
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Companies Must Consider Massachusetts Sales/Use Tax on Rolling Stock
Transportation companies traveling through Massachusetts should keep their sales/use tax on rolling stock in mind as risk is considered.
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Leverage Document AI to Automate Manual Invoice Processes
Technology can reduce the manual human hours to complete tasks by a significant amount and allow the companies to grow and scale without additional headcount.
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Cashing in on Inflation Reduction Act Tax Credits
Review an example of how a company could use the Inflation Reduction Act benefits to recognize $50,000 of positive cash flow tax-free.
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Inflation Reduction Act: Learn the Benefits for Transportation, Logistics
The Inflation Reduction Act is a game changer for investing in clean energy, offering new tax incentives, and financing opportunities.
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Tax Relief Act – Now a Waiting Game
For most taxpayers, it may be a good idea to extend returns to see what happens with the Tax Relief for American Families and Workers Act.
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Innovation Could Create an Investment Tax Credit for Transportation, Logistics
It’s cold here in Wisconsin right now but sometimes winter produces the brightest days. Plus, it’s that time of year when we think about taxes. Given that, let’s talk solar power and tax credits. If you are seeking ways to reduce your utility bill, decrease your business’s environmental impact, acquire equipment to depreciate, and receive […]
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Tax Relief On The Way?
This week Jason Smith (R), the House Ways and Means Committee Chair and Ron Wyden (D), the Senate Finance Committee Chair announced a bi-partisan agreement they called “The Tax Relief for American Families and Workers Act of 2024.” The proposed legislation includes some significant changes that could provide some tax relief for transportation and logistics […]
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IRS Issues Standard Mileage Rates for 2024
Beginning January 1, 2024 the standard mileage rates for automobiles have been updated. 67 cents per mile driven for business use 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces 14 cents per mile driven in service of charitable organizations The business use amount noted above […]
