11.22.2024 | Issue 176

Santora CPA Group's Weekly Newsletter!

 

You'll find links to the Alerts and Useful Info we've posted on our website, which includes time-sensitive information and any other issues that might impact you or your business, as well as any news from around our office.

Year-End Tax Planning

Now is the time to start tax planning! Click the link below for our updated Tax Planning Guide.

Tax Planning Guide

Happy Thanksgiving from Santora CPA Group!


The Santora CPA Group family extends warm wishes to you and your loved ones. We are incredibly thankful for the trust and support you place in us throughout the year!

Our office will be closed Thursday, November 28th, and Friday, November 29th.

 
 

Your Weekly Catch-Up

 
 

You Don’t Have to Be in Business to Deduct Certain Vehicle Expenses


When you think about tax deductions for vehicle-related expenses, business driving may come to mind. However, businesses aren’t the only taxpayers that can deduct driving expenses on their returns. Individuals may also be able to deduct them in certain circumstances. Unfortunately, under current law, you may be unable to deduct as much as you could years ago.

READ MORE
 

Maximize Your Year-End Giving With Gifts That Offer Tax Benefits

Is Your Money-Losing Activity a Hobby or a Business?

READ MORE
READ MORE
 
 

Firm News

 

Important Update!

Federal Court Strikes Down Rule Raising Salary Threshold on January 1, 2025 for White Collar Overtime Exemption

A recently enacted DOL regulation that increased the salary threshold for overtime exemptions on July 1, 2024 - with an additional increase on January 1, 2025 - has been vacated.

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Annual Food Drive

We are thrilled to announce that our annual food drive benefiting West End Neighborhood House was a huge success! This year, we donated an incredible 1.7 tons of food!


Since 2003, our commitment to supporting our community has only grown stronger, and we are proud to share that we have donated over 20 tons of food in total.


Thank you to everyone who contributed and helped make a difference. As we always say, we have the best, most generous employees around!

 

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www.santoracpagroup.com

302.737.6200