Recent Articles
When to Expect IRS Income Tax Refunds in 2023 – Estimates
This chart depicts an estimated timeline for when a taxpayer will likely receive their refund, based on current information and projections from previous years—and depending on when an individual files their return. Although it’s way too early to be considering...
Accounting Firm Startup Tips
It can take a lot of work to launch a CPA firm, but having the freedom to decide what technology to use and what kind of business to pursue can make it worthwhile. Are you prepared to strike out on...
Tax-Smart Ways to Buy Gold
Shares of gold-based assets, such as gold mining stocks and mutual funds, are typically taxed at a maximum tax rate of 20% (15% for specific moderate-income investors). People frequently look toward alternative investments, such as gold and other precious metals,...
The Guidelines for New CPA Firms During a Recession
Your clients are probably looking to you as a CPA if you work with startups because you can help them be ready for the worst. Let’s face it: the economy isn’t likely to return to normal anytime soon. The pandemic,...
The IRS tax deadline for 2023 is April 18
The deadline for filing federal income tax returns (generally Form 1040) is Tuesday, April 18, 2023, and most states use the same calendar for state income tax returns. The deadline for filing federal income tax returns for 2022 income is...
Douglas O’Donnell was appointed as acting IRS chief
Douglas O’Donnell, an IRS veteran, recently served as deputy commissioner for services and enforcement. IRS Deputy Commissioner Douglas O’Donnell will take over as acting IRS commissioner when current IRS Commissioner Charles Rettig’s four-year term expires on November 12, Treasury Secretary...