Donating your vehicle to charity may not be a taxwise decision

Donating your vehicle to charity may not be a taxwise decision

You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. But donating a vehicle may not result in a big tax deduction — or any deduction at all. Trade in, sell or donate? Let’s...

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Hiring this summer? You may qualify for a valuable tax credit

Hiring this summer? You may qualify for a valuable tax credit

Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This includes youth whom you bring in this summer for two or three months. The maximum credit employers can claim...

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Tax-smart domestic travel: Combining business with pleasure

Tax-smart domestic travel: Combining business with pleasure

Summer is just around the corner, so you might be thinking about getting some vacation time. If you’re self-employed or a business owner, you have a golden opportunity to combine a business trip with a few extra days of vacation and offset some of the cost with a tax...

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Established in 1971, McMahon & Associates has been serving Northwest Indiana and Chicago’s South Suburbs to help them grow their business. McMahon & Associates is locally-owned and offers a unique blend of big firm services and small firm care. From advanced tax expertise, IRS representation, audits, business valuations, estate planning and succession planning to basic bookkeeping and payroll services, clients find the services they need for every stage of their business or every stage of life.

10010 Calumet Avenue Munster, IN 46321

(219) 924.3450

(219) 924.1640

info@mcmahonpc.com

Mcmahon & Associates

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