Start Off on the Right Foot for the 2023 Tax Year

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Article Highlights: W-4 Updates W-9 Collection Estimated Tax Payments Charitable Contributions Required Minimum Distributions Gifting Retirement-Plan Contributions Beneficiaries Reasonable Compensation Business-Vehicle…

February 2023 Due Dates

February 2023 Individual Due Dates February 3 - Tax Appointment If you don’t already have an appointment scheduled with this office, you should call to make an appointment that is convenient for you. February 10 - Report Tips to Employer If…

Understanding What Tax-Deferred Investing Is

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Article Highlights: Income Deferral Earnings Deferral Individual Retirement Accounts Retirement Accounts Bank Savings Short- and Long-Term Capital Gains Education Savings Accounts Health Savings Accounts Installment…

How QuickBooks Can Get Your Finances In Order for 2023

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Put 2022 behind you by wrapping up those unfinished accounting tasks in QuickBooks. You meant to clean up your accounting data by the end of 2022, but December is so busy. It was hard to do much beyond managing each day’s high-priority QuickBooks…

Common Family Tax Mistakes

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Article Highlights Family Member Transactions Renting to a Relative  Below-Market Loans Transferring Home Titles Gifts Basis Life Estate Incorrect Withholding Child Files Incorrect Return When it comes to transactions…

January 2023 Important Due Dates

January 2023 Individual Due Dates January 3 - Time to Call For Your Tax Appointment - January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar becomes…

Huge Increase in Scam Texts – Don’t Be a Victim

Article Highlights: ID Thieves Are Constantly After Your ID Information There Has Been an Exponential Increase in Text Scams Your Phone Is Their Target How to Report Text and Phishing Scams to the Government. Taxpayers should…

Looking Ahead to 2023 Taxes 

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Article Highlights: Solar Credit Home Backup Electric Storage Battery Credit  Home Energy Improvement Credit  Research Credit Clean Energy Vehicles (New and Used) Credits Standard Deduction Increase Increased Retirement…

How to Manage Your Money During a Recession

According to one recent study, the probability of the United States experiencing a recession in the next year hit 96% in October 2022. If you needed a single statistic to outline the importance of paying attention to what is going on with the…

The Tax Consequences of Gig Work

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Over the last decade, in particular, the definition of the term "career" has changed. Rather than being employed by a single entity for which you receive a W2 at the end of the year, many are now participating in the "gig economy" in a variety…