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Jan 28, 20242 min read
Paying the Cost to be the BOSS: January 31st is the Deadline for Employers to File W-2 and 1099 Forms
IR-2024-06, Jan. 9, 2024 WASHINGTON - With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for...
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Jan 28, 20243 min read
Reporting Cryptocurrency and Other Digital Assets on Your 2023 Federal Tax Return
IR-2024-18, Jan. 22, 2024 WASHINGTON — The Internal Revenue Service today reminded taxpayers that they must again answer a digital asset...
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Jan 28, 20242 min read
EARNED INCOME TAX CREDIT (EITC) AWARENESS
The IRS estimates about one in five EITC eligible taxpayers don't claim this refundable tax credit. Even if you are not required to file...
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Jan 3, 20241 min read
Beneficial Ownership Information (BOI) - New Reporting Requirement for Small Business Owners
Happy New Year Small Business Owners! Are you ready to file the new Beneficial Ownership Information Report (BOI) for your organization?...
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Dec 28, 20231 min read
The IRS increases the business mileage rate to 67 cents per mile for 2024
Effective on Jan. 1, 2024, business owners can deduct 67 cents per mile for business travel. IR-2023-239, Dec. 14, 2023 WASHINGTON — The...
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Dec 25, 20231 min read
Dec. 31st 2023 Deadline for Required Minimum Distributions from IRAs and Retirement Plans
You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA,...
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Nov 5, 20232 min read
Demystifying Tax Write-Offs: Understanding Deductions and Their Impact
n the world of taxes, the term "write-off" is often tossed around casually, but it's essential to recognize that not all write-offs are...
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Nov 5, 20232 min read
Empowering the Next Generation: Navigating Taxes and Financial Literacy
Good day, everyone! I hope you're doing well. Today, I wanted to share a recent experience that filled me with hope and excitement. As a...
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Nov 5, 20232 min read
Tax Law Surprise: Pregnant Women Can Claim $3,000 Dependent Exemption per Child in Georgia
Hello, everyone! Today, I want to dive into a fascinating topic that I stumbled upon in a recent YouTube video. It's one of those...
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