Recent Articles
Client Reluctance to Use Advisory Services? How to overcome it!
When it comes to providing advisory services to new and existing clients, it’s critical to start at the beginning: what does the client want? For tax professionals, the distinction between providing advising services and preparing tax returns is clear-cut: with...
Talking to your clients about the IRS
Tell your clients what they need to know without any political bias currently circulating in the media. President Biden signed the Inflation Reduction Act into law on August 16. This plan marks months of work by congressional leaders to address...
What College Students Should Know About Filing Their Taxes
While starting a new job and graduating from college is exciting, managing adult responsibilities like taxes can be difficult. Most students rely on their parents to pay their taxes while in college, so many students are unprepared to file their...
The 2022 Inflation Reduction Act’s Key Tax Provisions
The Act also includes considerable tax revisions, however a stiffer international tax framework and a contentious “millionaire’s tax” are conspicuously absent from the final law. President Biden’s promise that none of the IRS funds will result in tax increases for...
Five Higher Education Tax Breaks
It is expensive to send your children to school, but the tax legislation provides some tax assistance. Here’s a look at five tax benefits for higher education. 1. American Opportunity Tax Credit: The maximum American Opportunity Tax Credit (AOTC) of...
The Inflation Reduction Act might expand and broaden energy tax incentives.
Your clients may benefit from deductions under the expanded 179D deductions if they are REITs, trial properties, or non-profits. The Inflation Reduction Act (IRA) of 2022 is a $737 billion initiative to combat inflation while also investing in manufacturing, reducing...