by Dawn Anderson | Published On Dec 11, 2023 | Construction, Price Kong Blog
A new provision in the Inflation Reduction Act of 2022 extends and enhances the energy efficient home credit, allowing contractors who build or substantially reconstruct qualified energy-efficient homes eligibility for tax credits up to $5,000 per home. The amount of...
by Tricia Tuchscherer-Nieva | Published On Dec 8, 2023 | Price Kong Blog, Tax
The new year will usher in a new reporting requirement for millions of companies. In 2021, the Corporate Transparency Act (CTA) created the Beneficial Ownership Information (BOI) Reporting Rule in an effort to discourage, identify, and investigate financial...
by Tricia Tuchscherer-Nieva | Published On Nov 18, 2022 | Price Kong Blog, Tax
A Form 1099-K, Payment Card and Third Party Network Transactions, is something that you should receive if you receive money through a third-party processor, such as for “crowdfunding,” “gig work,” or other transactions on a terminal, as well as through online...
by Tricia Tuchscherer-Nieva | Published On Nov 16, 2022 | Price Kong Blog, Tax
The limits on the amounts that you can invest into many retirement plans, as well as the income-based phase-out limits, have been increased for 2023. The new limits are set based on your income filing status, income level, and age, and vary by plan and other available...
by Dawn Anderson | Published On Aug 29, 2022 | Price Kong Blog, Tax
President Joe Biden signed the Inflation Reduction Act of 2022 (IRA) into law on August 16, 2022. The legislation aims to combat climate change, lower prescription drug costs, tax wealthy corporations, and more. Below are highlights of the major provisions. Corporate...
by Dawn Anderson | Published On Aug 10, 2022 | Community Involvement, Price Kong Blog
PRICE KONG and PK CHARITIES are hosting a back to school drive for LONGVIEW ELEMENTARY SCHOOL.in the Osborn School District. Our goal this year is to provide every student with their own white board and dry erase markers. We’d also like to provide teachers with...
