Not your average tax and accounting firm.
The Internal Revenue Service is encouraging taxpayers to take simple steps before the end of the year to make filing their 2023 federal 2023 tax return easier. With a little advance preparation, taxpayers can approach the upcoming tax season with confidence. If you are a current client, you can expect to receive your 2023 Tax …
Video Tips: Time To Prepare For Your 2023 Tax ReturnRead More
The Internal Revenue Service recently announced the inflation-adjusted 2024 mileage reimbursement rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning Jan. 1, the 2024 mileage reimbursement rates for the use of a car (or a van, pickup or panel truck) are: Business standard mileage rates …
Ready to learn about Beneficial Ownership Information (BOI) Reporting rules that start January 1, 2024? In the ever-evolving landscape of business regulations, the Corporate Transparency Act (CTA), passed as part of the National Defense Authorization Act for Fiscal Year 2021. The Act introduces new reporting requirements for businesses in the United States; specifically focusing on …
NEW – Business Beneficial Ownership Information (BOI) Reporting Starts in 2024Read More
Starting Jan. 1, 2024, businesses are required to e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. Trades and businesses must report cash payments received if all the following criteria is met: To comply …
New in January – Businesses Are Required to E-file Form 8300Read More
As the current 30-year mortgage rate hovers at 8%, and the 10-year treasury approaches 5%, it’s crucial to understand the implications of rising interest rates on personal finances. Depending on your life stage and financial situation, these changes can bring both benefits and challenges. By incorporating effective tax planning strategies, you can mitigate the impact …
Navigating The Impact Of Rising Interest Rates On Personal FinancesRead More
Are you ready for an updated 2023 Tax Organizer? To get ready for your tax appointment, we use tax organizers to help us identify missing tax deductions and get you more organized before your appointment. We update the tax organizer annually to make sure you are compliant with the latest tax law changes. Configuration of …
2023 Tax Organizer – The Best Tax Deduction Finder & Problem SolverRead More
Have you been thinking of making energy saving home improvements? If so, you may qualify for some substantial income tax credits. Even if home improvements aren’t currently on your to-do list, with the increasing cost of energy you may find that energy saving home improvements, along with the tax credits that accompany them, are something …
Energy Saving Home Improvements and Their Tax BenefitsRead More
We didn’t want to wait another second to release our mid year tax planning checklist for 2023. Waiting until after the close of the tax year to worry about your taxes can result in missed opportunities that could have reduced your tax liability or provided financial benefits. Mid-year is the perfect time for tax planning. …
A life event with tax consequences, such as marriage, divorce, separation or the death of a spouse is not easy. Regardless if the occasion is stressful or fantastic, the last thing most people think about are the tax ramifications. Taxpayers are frequently blindsided when their filing status changes due to one or more of these …
Have You Had a Significant Life Event with Tax Consequences?Read More
