by candy | Jul 14, 2023 | Featured, News Letter, Taxes
Black CPAs were not surprised by a recent study revealing that the IRS is much more likely to audit Black taxpayers compared to non-Black taxpayers. These professionals have witnessed this disparity firsthand while working with their clients. Now that the study, led...
by candy | Jun 27, 2023 | Featured, IRS, Shared, Taxes
If you are looking to hire new employees, consider taking advantage of the work opportunity tax credit. This incentive is meant to encourage you to hire individuals facing difficulties in finding employment. The credit has been extended until the end of 2025. There...
by candy | Jun 23, 2023 | IRS, Taxes, Video Blogs
As an entrepreneur, you are required to report certain payments to the IRS made to vendors each year on Form 1099. To do so, you must ask them to submit a form W-9 Request for Taxpayer Identification Number and Certification. If you receive a notice from the IRS that...
by candy | Apr 25, 2023 | Featured, News, News Letter, Taxes
The Inflation Reduction Act (IRA) was recently passed by the U.S. Congress to combat rising inflation. The act includes several provisions that affect tax items, including changes to the standard deduction, the alternative minimum tax (AMT), and the estate tax. Let’s...
by candy | Apr 11, 2023 | Taxes
Are you at the age where you must take required distributions from your investments? Did you know if you have a traditional IRA that you can receive tax advantages by making cash donations to an IRS-approved charity through your IRA? Those who are age 70 ½ or...
by candy | Jan 31, 2023 | Taxes
Are you interested in learning about year-end tax strategies so that you can minimize your tax burden? Although we are early in the year, it’s never too soon to think about options you have to reduce your tax due. But be sure to take action no later than December 31st...
