Tax

10/04/2022

Medicare Premiums: Beware of Adjustments When You Have a High Income Tax Year

The law requires an adjustment to your monthly Medicare Part B (medical insurance) and Medicare prescription drug coverage premiums when...

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Tax

09/22/2022

Good News! The IRS gives Penalty Relief for Certain Taxpayers Filing Returns for Taxable Years 2019 and 2020

The IRS released Notice 2022-36 which waives the late fees and penalties for all 1099 Series returns (NEC, MISC, DIV,...

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Business

09/22/2022

Two lesser well-known taxes that every individual with high-income should be aware of

Many taxpayers have a basic understanding of federal income tax and that federal income tax rates for individuals range from...

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Tax

09/22/2022

Jump Start your Retirement Nest Egg with a Solo 401(k)

Are you self-employed? If your business has no employees and produces substantial net self-employment income, implementing a solo 401(k) is...

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Business

09/21/2022

Q4 tax deadlines for individuals, businesses, and employers

With the fourth quarter of 2022 just beginning, there are some important Q4 dates & deadlines affecting individuals, businesses, and...

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Business

09/20/2022

Seller-paid points: What are They and How Can Homeowners Deduct Them?

The National Association of Realtors’ (NAR) July 2022 report stated that existing home sales were down but prices were up...

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Tax

09/07/2022

Tax Credits Included in the Inflation Reduction Act

Recently the Inflation Reduction Act (IRA) was signed into law. Although there are varying opinions by experts on if it...

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Tax

08/29/2022

ERC Fraud and Increased IRS Enforcement

Recent changes have extended the eligibility of employers to claim the Employee Retention Credit (ERC) for 2021. With these changes...

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Business

08/22/2022

Inflation Reduction Act: What You Need to Know About EV Tax Credits

With the President signing the Inflation Reduction Act into law in mid-August there are many important takeaways from this legislation...

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Tax

08/16/2022

The President Signs the Wide-Ranging Inflation Reduction Act of 2022

On Tuesday, August 16, 2022, President Biden has signed the Inflation Reduction Act (IRA) into law. The $740 billion bill...

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Tax

08/10/2022

Have you considered a 457 tax-deferred plan?

What is a 457 plan? And how does it work? A 457 plan allows employees working for the state, local...

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Non-Profit

08/09/2022

This is a Good Time for a Withholding Check-up

Were you stunned to find out that you owed when filing your tax return this past season? The solution may...

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Tax