Many business owners fail to follow the strict tax rules for substantiating vehicle expenses. But if your business is audited, the IRS will most likely ask for mileage logs if you deducted vehicle expenses — and it tends to be especially critical of the amount deducted if you’re self-employed or you employ relatives. While the […]

Did you buy an electric vehicle (EV) in 2023? Under the Inflation Reduction Act (IRA), passed late in 2022, you may be eligible for a new-and-improved tax credit, beginning on your 2023 federal income tax return. But the new law also bars certain high-income taxpayers from claiming the credit. What’s more, if you’re looking to […]

Beers, Hamerman, Cohen & Burger, PC is pleased to announce that as of January 1st, 2024 Kathleen M. Kilian is now a partner. Kathleen has been part of the firm’s team since 1994. Her experience has been in the tax department, focusing on business and individual tax preparation, planning, compliance and research. She often deals […]

Beers, Hamerman, Cohen & Burger, PC is pleased to announce that as of January 1st, 2024 Ryan S. Parent is now a partner. Ryan joined the Firm after graduating from Quinnipiac University with a bachelor’s degree in Accounting in July 2012. He specializes in accounting and auditing services and has expertise in multi-employer union benefit […]