This chart depicts an estimated timeline for when a taxpayer will likely receive their refund, based on current information and projections from previous years—and depending on when an individual files their return. Although it’s way too early to be considering
It can take a lot of work to launch a CPA firm, but having the freedom to decide what technology to use and what kind of business to pursue can make it worthwhile. Are you prepared to strike out on
Shares of gold-based assets, such as gold mining stocks and mutual funds, are typically taxed at a maximum tax rate of 20% (15% for specific moderate-income investors). People frequently look toward alternative investments, such as gold and other precious metals,
Your clients are probably looking to you as a CPA if you work with startups because you can help them be ready for the worst. Let’s face it: the economy isn’t likely to return to normal anytime soon. The pandemic,
The deadline for filing federal income tax returns (generally Form 1040) is Tuesday, April 18, 2023, and most states use the same calendar for state income tax returns. The deadline for filing federal income tax returns for 2022 income is
Douglas O’Donnell, an IRS veteran, recently served as deputy commissioner for services and enforcement. IRS Deputy Commissioner Douglas O’Donnell will take over as acting IRS commissioner when current IRS Commissioner Charles Rettig’s four-year term expires on November 12, Treasury Secretary
Generally speaking, the Inflation Reduction Act (IRA) improves the up to $7,500 tax credit for electric vehicles (EVs) and plug-in hybrids, but only some taxpayers will benefit from this. It’s sticker shock. If a taxpayer’s income is too high or
For federal payroll taxes that were deferred as far back as 2020, businesses have until December 31, 2022, to fulfill their obligations. Businesses risk receiving hefty tax penalties if they don’t follow the rules. You and your clients might not
The last year has seen a sharp decline in Americans’ level of comfort with cryptocurrencies. In 2022, the appeal of cryptocurrencies such as Bitcoin has plummeted. Americans of all age groups have become increasingly uneasy with cryptocurrency in the last
Adjusting service or product pricing is one of the easiest techniques for any business to increase cash flow. When is the last time one of your business clients tried to raise their prices? An accountant understands that cash flow is