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Year-End Tax Planning: How to Maximize Your Holiday Season Savings
Introduction: With the holiday season fast approaching, it’s natural to get caught up in the excitement of gift shopping and festive activities. But, it’s important
The Benefits of Using a Remote Tax Preparation and Planning Firm
In the digital age, convenience is the currency of choice. We’re always looking for ways to simplify our lives, and the realm of tax preparation
The Three Essential Questions Your Tax Advisor Should Answer
Introduction: Navigating the complex world of taxation is no easy task. Whether you’re a business owner or an individual, seeking the guidance of a tax
Frequently Asked Questions
The health and safety of our clients in is our top priority. With the COVID-19 virus having an increasing impact in our community, we want to let you know how our business is addressing this situation. Currently, our offices are still open for appointments.
You might want to know
E-Commerce: Form 1099-K information returns: New rules beginning 2022
The American Rescue Plan Act of 2021 (ARPA), P.L. 117-2, recently lowered the de minimis threshold for information reporting on third-party network transactions. This change will substantially increase the number of Forms 1099-K, Payment Card and Third Party Network Transactions, required to be filed with the IRS and furnished to
Qualified COVID-19 paid leave benefits: Reporting on Form W-2
In Notice 2021-53, the IRS explained how employers must report to their employees qualified sick leave or family leave wages paid in 2021. Under the guidance, employers are required to report these wages either in box 14, "Other," of Form W-2, Wage and Tax Statement, or in a separate statement.
Recent IRS guidance on cryptoassets
The global cryptoasset market capitalization is currently approximately $2.75 trillion,and this figure is speculated to grow as cryptoassets become more widely adopted. The IRS has released limited guidance to date on the tax consequences of cryptoasset transactions, and
