New Day Advisory

List of Manufacturers of Qualified Clean Vehicles

There are new requirements to claim an up to $7,500 tax credit on the purchase of a clean vehicle, effective for 2023.

One of the new requirements to claim an up to $7,500 tax credit on the purchase of a clean vehicle, effective for 2023, is that the clean vehicle must:

  • Have undergone final assembly in North America, and
  • Not exceed a manufacturer suggested retail price (MSRP) of $80,000 for vans, sport utility vehicles, and pickup trucks, or $55,000 for other vehicles.
 

To see if a specific vehicle meets the assembly requirements:

The IRS has recently published a list of qualified manufacturers that have indicated that their vehicles are currently eligible for a credit provided other requirements are met. Use the following web address to see which manufacturers are on the list, and check back later for updated information:
 

Tax Payments Using Credit or Debit Cards

Taxpayers can now use credit or debit cards to make tax payments through the IRS’s online system, offering more flexibility in managing tax obligations.
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Required Minimum Distributions Final Regulations

The IRS has issued final regulations concerning Required Minimum Distributions (RMDs) for retirement accounts. These regulations clarify the requirements for individuals to make minimum withdrawals from their retirement savings plans.
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Business Tax Account

Updates on the IRS Business Tax Account (BTA) tool. BTA is an online self-service tool that allows business taxpayers to view tax history, make payments, and conduct other business with the IRS. Latest updates include balance-due payments and federal tax deposit (FTD) payments. Future updates will expand BTA access to LLCs, tax-exempt organizations, and other entities.
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Whether you’re looking for accounting, bookkeeping, payroll, tax support, accounting software guidance, or ongoing business advisory services, we’d welcome the opportunity to learn more about your business.

At Venture Financial Group LLC, we believe every successful client relationship begins with understanding your goals, your challenges, and what matters most to your organization. That’s why we start with a conversation—not a sales presentation.

Serving businesses throughout Middle Tennessee, the greater Nashville area, and across the country, our team is committed to providing practical guidance, responsive support, and long-term solutions that help businesses move forward with confidence.

If you have questions about how you can best organize your finances, please give us a call or schedule a free consultation.

Sam Davis has been meeting with our office on a month-to-month basis as to where and how to improve our company's cash flow.