News and Events

As 2023 draws to a close, it is crucial for taxpayers to take a moment to review their tax withholding. This isn’t just about avoiding surprises when filing taxes next year, but also about achieving a balance that works best for your financial situation. Even late-year adjustments can significantly affect your tax outcome and help […]

Keeping up with retirement savings can be a bit like gardening – you plant seeds now for a bountiful harvest later. As we look ahead to 2024, the IRS has made some updates for the year 2024 that increase how much you can contribute to your retirement accounts. These changes mean you could potentially save […]

In the wake of global crises and natural disasters, the innate generosity of individuals often shines brightest, leading many to open their hearts and wallets to help those in need. The Internal Revenue Service (IRS), however, has issued a warning urging donors to exercise caution, as there are individuals and groups ready to exploit this […]

The Social Security Administration (SSA) has made a significant announcement. Starting in 2024, over 71 million Americans will see a 3.2 percent increase in their Social Security and Supplemental Security Income (SSI) benefits. This means that the average Social Security retirement benefit will go up by more than $50 per month. Most people who get […]

For many individuals and businesses, the end of the year typically brings with it thoughts of charitable contributions and tax planning. Art, often a valuable asset, sometimes becomes the focus of donation considerations. However, there is a growing need to be vigilant about scams related to art donations and the potential pitfalls of improper deduction […]

For those frequently on the move for business, there is significant news from the realm of accounting and taxes. The IRS has made an upward adjustment in the special per diem rates for business travel, primarily due to inflationary pressures. The revised rates are promising for businesses and their employees. These per diem rates are […]

As the seasons transition from summer to fall, it is not just the change in foliage or pumpkin-flavored delights we need to remember; it is also an important time for taxpayers. The IRS has issued a reminder that the October 16th tax filing extension deadline is rapidly approaching. For many of you who requested an extension on […]

When disaster strikes, from hurricanes to earthquakes, the first concern is, of course, the safety of you and your loved ones. However, safeguarding vital records and essential documents is also an imperative task in disaster planning. As highlighted by the IRS, these crucial documents include tax returns, birth certificates, social security cards, wills, and insurance […]

In a recent move to shield taxpayers from potential scams, the Internal Revenue Service (IRS) has announced an immediate suspension of new Employee Retention Credit claims processing. This decision comes in the wake of a surge in questionable claims and concerns raised by tax professionals. The IRS has identified aggressive marketing tactics targeting ineligible applicants, […]

If you are a taxpayer in the United States, it is crucial to keep up with the various deadlines set forth by the Internal Revenue Service (IRS). Missing a deadline can result in penalties and added stress. For those who need to make financial moves by Friday, September 15, 2023, here are the key IRS […]