by Candy | Nov 29, 2022 | Featured, Shared, Taxes
Estate planning is never an exciting topic, but it is crucial to set up your loved ones for success. If you would like to create the best estate plan for your future, it is essential that you first have an understanding of estate taxes. When considering estate...
by Candy | Oct 28, 2022 | Taxes
The IRS and state governments are currently moving their attention toward tax collections and examinations. This means that there will be increasing compliance and enforcement effort made by tax authorities. Previously, we have seen many extensions and suspensions...
by Candy | Oct 11, 2022 | Bookkeeping, Business, News Letter, Shared, Taxes
For those workers that tend to jump from job to job, it is possible they are at risk of making one of the biggest financial mistakes due to constantly switching employment. For example, their former employers could potentially dissolve the 401(k) that they have...
by Candy | Sep 20, 2022 | Featured, Sales Tax, Shared, Taxes
Although COVID-19 took a toll on our economy, multiple states fared well with tax revenue during this time. Due to consumer spending remaining resilient during the pandemic, states were able to see their tax revenue remain steady or increase. Unfortunately, thanks to...
by Candy | Aug 30, 2022 | Featured, Taxes
In order to help combat the high fuel prices, the Internal Revenue Service announced that they will be increasing the optional mileage rate for the final 6 months of 2022. Effective July 1 through December 31, 2022, the new mileage rate for the business use of...
by Candy | Aug 23, 2022 | Featured, Payroll, Taxes
Taxpayers and tax professionals have requested that the IRS provide relief from penalties that arise from additional income tax that is owed for businesses. The reason for these requests is that the deduction for qualified wages is reduced by the amount of a...
