Tax

Digital Asset Reporting

Digital Asset Reporting for Business Owners: Navigating the Proposed IRS Guidelines

September 10, 2023

The Internal Revenue Service (IRS) unveiled proposed guidelines on Digital Asset Reporting, highlighting the mandatory reporting requirements for digital assets, from cryptocurrencies to non-fungible tokens…

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Navigating the Tax Implications of Remote Work: An Essential Guide for Business Owners

July 28, 2023

As we increasingly embrace the post-pandemic era, the world of work has undergone a significant shift. Many companies have opted for remote work models, dispersing…

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Navigating Changes in Bonus Depreciation: Maximizing Tax Savings for Small Business Owners

June 19, 2023

As a small business owner, staying informed about the ever-evolving tax landscape is crucial to optimize your financial strategies. In particular, understanding the changes in…

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Claiming the Employee Retention Credit: A Comprehensive Guide to Deadlines, Scams, and the Importance of Qualified Advisors

June 5, 2023

As businesses continue to grapple with the financial aftershocks of the COVID-19 pandemic, one beacon of relief remains within reach: the Employee Retention Credit (ERC).…

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3 Strategies for 2023 to Reduce Your Tax Burden

May 22, 2023

As we approach the halfway point of 2023, it’s the perfect opportunity to evaluate your business tax planning and determine ways to decrease your tax…

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The Top 12 Tax Scams to Avoid According to the IRS

April 23, 2023

Fraud. Scam. Phishing. Regardless of what you call these illicit activities, it’s important to protect yourself against the bad players that take advantage of weaknesses…

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5 Common Mistakes Your Tax Return May Reveal

March 24, 2023

What does your tax return say about your financial situation? The paperwork you file each year offers excellent information about how you are managing your…

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Tax Treatment of the California Middle Class Tax Refund

February 23, 2023

The IRS has issued guidance on the tax treatment of the California Middle Class Tax Refund (MCTR), as well as payments made to qualified residents…

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Will your tax bracket change in 2023?

January 31, 2023

The IRS has released the updated tax brackets, deductions, and credits for the 2023 tax year. While tax filing for this year won’t happen until…

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Secure Act 2.0 Updates Retirement Plans Starting in 2023

January 12, 2023

The new Secure Act 2.0 legislation expands upon the Secure Act of 2019 with updates to retirement savings plans across the country. Here’s what you…

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