According to the IRS, the Health Savings Account (HSA) contribution limit for individuals in 2023 is $3,850, up from $3,650 in 2022. For those with family coverage, the HSA ... Read More

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

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

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

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

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

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

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

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

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

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

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

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

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

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