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Running your own business is tough, and it is important to take advantage of all available deductions when preparing your taxes. The IRS defines allowable business expenses as those expenses that are “ordinary and …
- Tax Season 2024
The IRS will begin accepting e-filed returns on Monday, January 29th. W-2 forms have been or will soon be …
- Tax Season 2024
The IRS collected a single-year record of $4.9 trillion of total tax revenue from return filings in fiscal year …
- Tax Year 2023 Readiness
As the tax year comes to a close, many self-employed individuals and small business owners are considering how to …
- Tax Year 2023 Readiness
KEY INFORMATION YOU NED TO KNOW. STEPS AND TIPS – Standard deduction; $13,850 for single and married filing separately …
- Tax highlights 2023
The SSA recently released the following updates for 2024 – – Cost-of-living adjustment (COLA) of 3.2% for both Social …
- Tax highlights 2023
In what he described as “the start of a sweeping, historic effort,” IRS commissioner Danny Werfel announced a plan …
- Tax Highlights 2022
Health savings accounts (HSAs) are projected to surpass $100 billion in assets in 2023, showing that consumers are realizing …
- Tax Highlights 2022
Enforcement and processing – the Inflation Reduction Act of 2022, signed into law on August 16, 2022, budgeted approximately …
- Tax Highlights 2022
The year end is upon us, and before we head out for some holiday cheer, here are a few …