Recent Articles
A Brief Summary Of Current Tax Issues – 1st November
Generally speaking, the Inflation Reduction Act (IRA) improves the up to $7,500 tax credit for electric vehicles (EVs) and plug-in hybrids, but only some taxpayers will benefit from this. It’s sticker shock. If a taxpayer’s income is too high or...
Taxes on Deferred Payroll Are Due Soon
For federal payroll taxes that were deferred as far back as 2020, businesses have until December 31, 2022, to fulfill their obligations. Businesses risk receiving hefty tax penalties if they don’t follow the rules. You and your clients might not...
The desirability of cryptocurrency falls
The last year has seen a sharp decline in Americans’ level of comfort with cryptocurrencies. In 2022, the appeal of cryptocurrencies such as Bitcoin has plummeted. Americans of all age groups have become increasingly uneasy with cryptocurrency in the last...
Managing and Increasing Your Clients’ Cash Flow
Adjusting service or product pricing is one of the easiest techniques for any business to increase cash flow. When is the last time one of your business clients tried to raise their prices? An accountant understands that cash flow is...
Tax extensions have been granted to Hurricane Ian victims.
Hurricane Ian victims in Florida now have until February 15, 2023, to file and pay various federal individual and business tax returns. The Internal Revenue Service (IRS) announced that the deadline for filing various federal individual and business tax returns...
The October FBAR Extension Deadline is quickly approaching.
Those who failed to file their FBAR by the deadline of April 15 automatically received a delay until October 15, 2022. The Internal Revenue Service (IRS) reminds U.S. citizens, resident aliens, and domestic legal entities that the extension deadline for...