Claiming a Theft Loss Deduction if Your Business Is the Victim of Embezzlement
Because A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it does but you’ll have to substantiate the loss. A recent U.S. Tax Court decision illustrates how that’s sometimes difficult...
Safeguarding Your Critical Documents
So many of the documents we all use in our personal lives these days are digital. However, there are still many that you should retain as hard copies. These include birth, marriage and death certificates; Social Security cards; tax returns; passports; and estate...
Energize Tax Savings with an EV Credit?
Electric vehicles (EVs) are increasing in popularity all the time — and more of them are qualifying for a federal tax credit. In fact, the IRS added several more eligible models over the summer. The tax code provides a EV credit to buyers of qualifying plug-in...
Hawkins Ash CPAs Reveals Updated Brand
In our 65th year of business, Hawkins Ash CPAs is happy to reveal a refreshed brand that encompasses changes to our website and email addresses. Going forward we will be using the .CPA top level domain (TLD). .CPA replaces the .COM you are familiar with in both our...