Category: Tax
2022 Year End Business Tax Update
December 16, 2022
Enjoy our latest BLS Video Update where Karly Laughlin, CPA, Mike Kelly, CPA and Valerie Middlebrooks, CPA discuss 2022 Business Tax Updates. Topics include The Inflation Reduction Act of 2022 … Continued
2022 Year End Individual Tax Update
December 15, 2022
Enjoy our latest BLS Video Update where Karly Laughlin, CPA, Mike Kelly, CPA and Valerie Middlebrooks, CPA discuss 2022 Individual Tax Updates. Topics include Inflation Adjustments (0:39-3:58) The Inflation Reduction … Continued
Act Now to Reduce Your Business’s 2022 Tax Bill
November 17, 2022
It’s been a tumultuous year for many businesses, and the current economic climate promises more uncertainty for the short term, if not longer. Regardless of how your company has fared … Continued
5 Steps to Take Now to Cut Your 2022 Tax Liability
November 14, 2022
It has been quite a year — high inflation, rising interest rates, and a bear stock market. While there’s not a lot you can do about any of these financial … Continued
What do the 2023 Cost-of-Living Adjustment Numbers Mean for You?
October 31, 2022
The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, many amounts increased considerably over 2022 amounts. As you implement … Continued
Inflation Reduction Act Expands Valuable R&D Payroll Tax Credit
October 11, 2022
When President Biden signed the Inflation Reduction Act (IRA) into law in August, most of the headlines covered the law’s climate change and health care provisions. But the law also … Continued
Businesses: Act now to make the most out of bonus depreciation
July 25, 2022
The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration. The amount of first-year depreciation available … Continued
IRS Eases Schedules K-2 and K-3 Filing Requirements for 2021
March 07, 2022
The IRS has announced additional relief for pass-through entities required to file two new tax forms — Schedules K-2 and K-3 — for the 2021 tax year. Certain domestic partnerships and … Continued
New Tax Reporting Requirements for Payment Apps
February 15, 2022
If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square, or PayPal, you could be affected by new tax reporting requirements that take effect … Continued
State and Local Tax Planning Consideration for Year End – 12.31.2021
December 17, 2021
The House version of the Build Back Better Act, residing in the Senate for consideration, contains a variety of provisions that we discussed in a previous blog, U.S. House Passed … Continued