The provisions of the Corporate Transparency Act — Beneficial Ownership Information Reporting Requirement (BOI) are not tax or accounting requirements and as such this information is provided for client information purposes only. The responsibility for compliance with this act is the sole responsibility of the management and owners of entities required to comply with the […]
Taxpayers who buy a qualifying new or used clean vehicle may be able to transfer their tax credits to the dealer in exchange for a financial benefit – such as a lower cost – starting Jan. 1, 2024.
Clean Vehicle Credits Can Help Car Buyers Pay Less at the Dealership Read More »
The Internal Revenue Service today reminded individual retirement arrangement (IRA) owners age 70½ or over that they can transfer up to $100,000 to charity tax-free each year.
The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023.
401(k) Limit Increases to $23,000 for 2024, IRA Limit Rises to $7,000 Read More »
When disaster strikes, Americans can always be counted on to help. That help comes in countless ways, but often the easiest way to help is by donating money to charities.
Make Sure Your Donations Go to Legitimate Charities Read More »
Starting a new business can seem overwhelming for new entrepreneurs or even seasoned professionals. The IRS has resources to help new business owners understand the tax responsibilities of running a business.
Tax Basics for Setting Up a Business Read More »
Eligible contractors who build or substantially reconstruct qualified new energy-efficient homes may be eligible for a tax credit of up to $5,000 per home.
Builders of New Energy Efficient Homes May Qualify for Expanded Tax Credit Read More »
Employers that offer educational assistance programs can also use those programs to help pay their employees’ student loans.
Educational Assistance Programs Can Help Pay Workers’ Student Loans Read More »
It is never too early to begin your retirement workout. Individual retirement accounts provide tax incentives for people to make investments that can provide financial security when they retire.
Individual Retirement Accounts Can Be Important Tools in Retirement Planning Read More »
The Inflation Reduction Act provides for an increase to the energy investment credit (under Internal Revenue Code Section 48) for qualifying solar and wind facilities benefitting certain low-income communities.