Recent Articles
The IRS warns that tax refunds may be reduced in 2023.
According to the IRS, a significant factor in 2022 will be the absence of stimulus payments. The IRS warns taxpayers to expect potentially smaller tax refunds in 2023. One key reason is the absence of stimulus payments for the 2022...
The Internal Revenue Service has raised interest rates for the first quarter of 2023.
Individuals will face a 7% annual penalty for overpayments and underpayments, up from 6%. On November 29th, the IRS announced that interest rates will rise for the calendar quarter beginning January 1, 2023. Individual overpayment and underpayment rates will increase...
Reasons to Consider Postponing Retirement.
According to a recent survey, approximately 40% of workers intend to postpone retirement until later in life due to inflation. If you’ve been planning your retirement since you started your career, you may have a preconceived notion of what it...
A Brief Summary Of Current Tax Issues – 2nd December
Due to the most recent inflation adjustments, taxpayers will have even more estate planning options in 2023 than they did previously. Give gifts for a lifetime. The annual gift tax exclusion allows you to give gifts worth up to a...
Small Business Clients Are Better Prepared for Audits With Good Documentation
Unfortunately, you are aware that small business clients frequently need to pay more attention to their bookkeeping, expense paperwork, and other tax-related obligations. Many are concerned about the Inflation Reduction Act of 2022, which calls for an increase in federal...
Are you thinking about putting cryptocurrency in your 401(k)? Consider This Once
Crypto is a particularly risky investment for families trying to save for retirement. The federal government offers the following guidance to workers who are considering increasing their retirement holdings of bitcoin or another cryptocurrency: Don’t. The suggestion is not exactly...