Filing Timely Taxes In February: Why It’s The Smart Move

February is a great time to file your taxes. The rush of January’s early filers has passed, and you will still be ahead of the last-minute crunch in April. Whether you expect a refund or need to pay, filing early can provide peace of mind and financial advantages. Here is why you should consider filing your taxes in February and... read more »

Perspective: 2025 Retirement Account Limits Increase Amid Inflation Adjustments

The IRS recently announced adjusted contribution limits for retirement accounts in 2025, addressing inflation's impact on retirement savings. These adjustments, outlined in Notice 2024-80, affect a range of retirement plans, including 401(k) plans, 403(b) plans, individual retirement arrangements (IRAs), and the federal government’s Thrift Savings Plan (TSP). 401(k) and Similar Plans See Increased Contribution Limit Starting in 2025, individuals can... read more »

Self-Employed? Here’s Your Successful Tax Filing Guide For 2024

Are you part of the ever-growing army of self-employed professionals, freelancers, gig workers or small business owners? If so, tax season can be a daunting prospect. The good news is, that with the right guidance and a bit of organization, you can navigate the intricacies of tax filing like a pro. In this guide, we are excited to walk you... read more »

IRS Modernization: Expanding Access and Adding Features to Business Tax Accounts

In a significant move towards embracing digital transformation, the Internal Revenue Service (IRS) has recently announced its plans to expand access to business tax accounts and introduce new features aimed at simplifying and streamlining the tax filing process for businesses of all sizes. This initiative marks a pivotal moment in the IRS's commitment to modernization and responsiveness to the evolving... read more »

A New AICPA Letter Sent to the IRS Recommends Changing Crypto Assets Questions

When it comes to "cryptoassets," or cryptocurrencies, you are probably familiar with the most popular ones out there, such as Bitcoin, Ripple, Litecoin and Ethereum. These are essentially a kind of electronic cash, exemplifying the secure technology that not only records who owns what but also makes the payments being passed between users. Unlike physical cash you can carry in... read more »

Getting the Help You Need To File Your 2021 Business Tax Returns

Are you a small business filing your 2021 federal income tax return? Working with a tax professional or accountant can not only help you stay on top of what you need as you file your business taxes but can also help you understand which deductions and credits your business qualifies for:  https://www.irs.gov/businesses/small-businesses-self-employed/business-tax-credits Your Business If you are a sole proprietor... read more »