Nov.10, 2022
Plan now to make tax-smart year-end gifts to loved ones
Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or...
Nov.7, 2022
401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500
The Internal Revenue Service (IRS) announced on Friday, October 21st that the amount individuals can contribute to their...
Oct.31, 2022
Is Your Paycheck Protection Program Loan Forgiven?
Your business may have been one of the many that took advantage of the Paycheck Protection Program (PPP) Loans. If so, h...
Oct.24, 2022
2022 AFFORDABLE CARE ACT REPORTING DEADLINES AND POTENTIAL PENALTIES
The Patient Protection and Affordable Care Act (PPACA or ACA) requires certain employers to report to the IRS annually r...
Oct.24, 2022
Generation-Skipping Transfer Tax (GSTT)
What is it? The generation-skipping transfer tax is a federal tax on a gift or inheritance that prevents avoiding estat...
Oct.20, 2022
Navigating the Updated Clean Vehicle Tax Credits
When President Biden signed the Inflation Reduction Act bill into law in August 2022, the Electrical Vehicle (EV) tax cr...