News and Events

ECO-FRIENDLY VEHICLES AND YOUR WALLET: Tax Credits for Clean Vehicles in 2023

The Inflation Reduction Act (IRA) has introduced exciting opportunities for consumers looking to make eco-friendly vehicle choices. This act provides multiple incentives for those considering the purchase or lease of electric vehicles (EVs), plug-in hybrid vehicles, fuel cell vehicles, and even associated equipment like chargers. Not only are these vehicles more environmentally friendly, but they […]

The Dynamics of Bonus Depreciation in 2023

While the economic landscape continually evolves, some features persist as they continue to offer vital support to businesses. One such feature is bonus depreciation – an appealing tax incentive that has played a significant role in facilitating business growth and investments in the U.S. Since its inception, bonus depreciation has undergone several modifications, and the […]

Key Tax Deductions and Programs Every Homeowner Should Know

As a homeowner, it is essential to be aware of the various tax deductions, programs, and housing allowances in which you may be eligible. These can significantly reduce your tax burden and make homeownership more affordable. The Internal Revenue Service (IRS) encourages all homeowners to review these house-related deductions and programs, particularly during the summer […]

IRS Enhances Safety and Reduces Confusion with New Policy: What You Need to Know

In a significant policy shift, the Internal Revenue Service (IRS) has announced that it will cease most unannounced visits to taxpayers by agency revenue officers. This decision, effective immediately, is part of a broader transformation effort aimed at reducing public confusion and enhancing safety measures for both taxpayers and IRS employees. Instead of unannounced visits, […]

Sizzling Summer Activities with Cool Tax Implications: Uncovering Hidden Opportunities

As you soak in the sun this summer, do not forget that some of your fun activities may have surprising implications on your taxes next year. Whether you are renting out your home, embarking on home improvements, investing in energy efficiency, or sending your children off to day camp, understanding the tax impacts of these […]

Defending Your Dollars: Protect Your Personal Information from the New IRS Scam

As a client of ours, we want to keep you informed about the latest fraudulent scams that are hitting taxpayers across the nation. The Internal Revenue Service (IRS) has recently alerted citizens to be wary of a new hoax involving counterfeit mailings that deceitfully claim taxpayers are entitled to unclaimed refunds. These scam letters, typically […]

Important Update to Invoices

We want to inform you that our invoices have undergone a design overhaul and will now appear in a different format. Please rest assured that this is a deliberate upgrade intended to improve clarity and ease of use.

Navigating the New Landscape of Lease Accounting: Understanding ASC 842

Understanding the jargon; ASC 842 or Topic 842 is a new standard of lease accounting, brought into effect by the Financial Accounting Standards Board (FASB). At its core, ASC 842 aims to increase transparency and comparability among organizations by requiring lessees (those who lease property, plant, and equipment) to recognize assets and liabilities arising from […]

CLICK…TAP…TAXED…

Peer-to-peer (P2P) payment platforms like PayPal, Venmo, or Cash App are revolutionizing the way we handle money. With a few taps on your phone, you can effortlessly transfer funds to friends or pay for services. It is almost like having a personal banking branch in your pocket. However, with great convenience comes great responsibility, especially […]

Independence Day

Our offices will be closed on Monday, July 3rd & Tuesday, July 4th, 2023 in observance of Independence Day. We will resume our regular hours Wednesday, July 5th at 8am. We hope everyone has a happy and safe holiday!