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July 2022
Featured Article From Our Experts
What Gen Z and Millennials Want From an Employer  

In today's workforce, what the younger generations, Gen Z and millennials, are looking for from an employer is much different than what we've seen in the past. The unprecedented circumstances of the past few years has certainly prompted many to reprioritize their values. In this article, I will dive into what this age group is looking for from their employers, why their priorities have shifted and how you can retain and attract new talent in this age group at your company.

Using Alternative Energy for Business Can Bring Tax Benefits
Business owners may be wondering whether alternative energy technologies can help them manage their business energy costs. A valuable federal income tax benefit — in the form of a business energy credit — applies to the acquisition of many types of alternative energy property. The credit is intended primarily for business users of alternative energy. This article provides the details. 

Selling Your Business? An Installment Sale May Yield Tax Benefits
Individuals who plan to transfer real estate, a family business or other assets that are expected to appreciate dramatically in the future may want to consider an installment sale. This option may provide benefits, including the ability to freeze asset values for estate tax purposes and remove future appreciation from the owner’s taxable estate.

A Tax Break for Educators Gets an Update
When teachers are setting up their classrooms for the new school year, it’s not uncommon for them to pay for a portion of their classroom supplies out-of-pocket. A special tax provision allows them to recoup some of the cost at tax time. In light of changes brought by the Tax Cuts and Jobs Act, this special tax break for educators became even more important. And for 2022, an update has made the tax break even better. This article explains. 

Medicare Premiums May Lower Your Taxes
Americans who are 65 and older qualify for basic Medicare insurance, but they may need to pay additional premiums to get the level of coverage they desire. These premiums can be expensive — especially for a married couple with both spouses paying them. One aspect of paying premiums might be a positive. That is, for those who are eligible, these premiums may help lower their tax bills. This article covers what you need to know for claiming premiums and other health care expenses as a deduction.

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About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. Throughout this forty plus years' history, we have been wholly dedicated to the success of our clients. Every aspect of our business has been guided by our values and our commitment to putting each client's interests first. In a complex profession, we have found our greatest rewards in the simplicity of helping good people prosper. Delivering confidence in every financial decision is our goal for our clients, and it's also the most significant way we can contribute to their long-term success.

To learn more about Dannible & McKee, visit us at: www.dmcpas.com.