August 30, 2022 Inflation Reduction Act : Concerns On “Book Income” Could the Inflation Reduction Act have unintended financial reporting consequences? Many accounting professionals are concerned that the new law could … Read More
August 15, 2022 The Inflation Reduction Act: Tax Provisions The Inflation Reduction Act is about to become law. Learn how its tax provisions might affect you. Read More
August 4, 2022 CHIPS Act Poised To Boost U.S. Businesses The CHIPS Act aims to bolster semiconductor production and economic competitiveness. Among its provisions is an investment tax credit for … Read More
July 27, 2022 Businesses: Act Now To Make The Most Out Of Bonus Depreciation If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break. Read More
June 21, 2022 Standard Business Mileage Rate Will Increase For 2022 Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driving for … Read More
May 25, 2022 Proposed Regs For Inherited IRAs Bring Unwelcome Surprises The SECURE Act nixed the “stretch IRA” and replaced it with a new 10-year rule on inherited IRAs. However, subsequent … Read More
May 7, 2022 After Tax Day: Take These Action Steps With the April tax filing deadline in the rear view, now is the time to take certain tax-related action steps … Read More
April 20, 2022 SECURE Act: Congress Eyes Further Retirement Savings Enhancements SECURE Act 2.0 passed the U.S. House with strong bipartisan support. While the Senate is working on its own bill, … Read More
March 16, 2022 Looking For A 2022 Business Safety Net? Act On EIDL Funding There’s still time to apply for COVID-19 Economic Injury Disaster Loan (EIDL) funding, but time is running short. Read More
March 7, 2022 The IRS Again Eases Schedules K-2 and K-3 Filing Requirements For 2021 The IRS is providing penalty relief for certain pass-through entities required to file Schedules K-2 and K-3 for 2021. Read More
February 15, 2022 New Tax Reporting Requirements For Third-Party Payment Apps Could Affect You If you receive payments through services such as Venmo or PayPal, be aware that there are new tax reporting requirements … Read More
January 31, 2022 2022 Tax Calendar Reference this tax calendar to learn 2022 deadlines of various tax-related forms and payments. Read More
