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Jun 21, 2023

Demystifying Estimated Tax Payments: Understanding Their Importance and Consequences

Taxes are an integral part of our lives as responsible citizens. While most of us are familiar with filing annual tax returns, there's another aspect that often gets overl... Read More

Jun 7, 2023

Unveiling the 1031 Exchange: Insights into Maximizing Tax Benefits

Real estate investors looking to maximize tax benefits often turn to the 1031 exchange, a powerful tool provided by the IRS. As an accounting firm specializing in real estat... Read More

May 24, 2023

Energize Your Home and Wallet with Tax Credits for Energy-Saving Improvements

In an era of growing concern about the environment and rising energy costs, homeowners are increasingly seeking ways to make their homes more energy efficient. Fortunately, ... Read More

May 10, 2023

It’s Time to Spring Clean your QuickBooks Records!

It’s the time of year for everything to get a good cleaning and your QuickBooks records are no different. It's important to regularly clean up your QuickBooks... Read More

Apr 26, 2023

Discover the Tax Benefits of Owning an Electric Vehicle

Are you considering purchasing a new electric vehicle? If so, you may be eligible for a federal tax credit that can help reduce the cost of your new ride. The federal tax cr... Read More

Apr 12, 2023

The Benefits of Filing a Tax Extension: How to Avoid Unnecessary Penalties

As the Tax Day deadline rapidly approaches, some taxpayers may be unable to file their federal tax return by April 18th, 2023 and will need to file an extension. In this artic... Read More

Mar 31, 2023

Did you turn 72 in 2022?

REMINDER!  If you have a traditional IRA, SIMPLE IRA, 401(k) or similar workplace retirement plans and celebrated your 72nd birthday in 2022, you must take your first R... Read More

Mar 29, 2023

Tax Credit Available for Alternative Refueling Stations

The Alternative Fuel Vehicle Refueling Property Credit (the credit) is a federal tax credit available to individuals and businesses that install qualified alternative fuel v... Read More

Mar 15, 2023

The Kiddie Tax Rules

The Kiddie Tax has been around since the 1980s.  It was first introduced in the Tax Reform Act of 1986.  The tax code had been being abused by wealthy parents tran... Read More

Mar 1, 2023

When Should My Child File a Tax Return?

Do you have a teen that has joined the work force? Maybe they’ve received a Form 1099. When do you stop claiming them as a dependent? You may have some questions ... Read More

Feb 15, 2023

Bonus Depreciation Phasing Out

Since 2017, businesses have taken advantage of 100% bonus depreciation on qualified assets. As part of the Tax Cuts and Jobs Act, 100% of the cost of certain assets could be w... Read More

Jan 24, 2023

Major Changes for Retirement Plans Under the Secure Act 2.0

The Secure 2.0 Act, or Securing a Strong Retirement Act of 2022, was signed into law December 29, 2022 as a follow up to the Setting Every Community Up for Retirement Enhanc... Read More

Jan 10, 2023

New Lease Standards

The new lease standards that were passed a few years ago are effective for non-public companies in calendar year 2022. This change in the way leases are reported has the poten... Read More

Dec 7, 2022

Tax Planning Tips for the End of 2022

The hustle and bustle of the holiday season is upon us, and festiveness is in the air. With 2023 rapidly approaching, there is still time to make some shifts in your ta... Read More

Sep 27, 2022

You Received an IRS Notice. Now What?

If you’ve ever gotten an official notice from the IRS, you know the feeling of dread that may settle into your body.  While getting a letter from the IRS is ... Read More

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