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Tax checklist for newlyweds
Summertime is common time for wedding bells to ring, and newlyweds can make their tax filing easier by doing a few things now. A taxpayer's marital status as of December 31 determines their tax filing options for the entire year, but that's not all newlyweds need to...
U.S. Treasury to Phase Out Checks by September 30th
On March 25th, President Trump signed an executive order mandating that by September 30, 2025 all federal departments and agencies end their use and acceptance of paper payments, including checks and money orders. Under the order, any payments made to the IRS...
Checking Withholding Now Can Help You Avoid Unpleasant Surprises Next Tax Season
IRS encourages taxpayers to check withholding now for next yearPhoto by RDNE Stock project: https://www.pexels.com/photo/tax-forms-on-brown-wooden-table-7821927/WASHINGTON — The Internal Revenue Service reminds taxpayers that proper tax withholding now is key to...
If your marriage status changed in 2024, here’s what you need to know for your taxes
A taxpayer’s filing status generally depends on their being married or unmarried on the last day of the year – which means that a taxpayer's marital status as of December 31, 2024, determines their tax filing options for all of 2024. For filing purposes, the IRS...
Year-End Tax Planning Checklist
We are in the last week and a half of 2024 and, if you haven't already, you should take some time to focus on your financials for this year to put you in the best tax position. The checklist below can help guide you.You can find the IRS Withholding Tool Here . If you...
UPDATED 03/04/2025 – Corporate Transparency Act and Beneficial Ownership Information Reporting fines and penalties will not be enforced
Additional information is available at Beneficial Ownership Information Reporting | FinCEN.gov. Update #7 - In the ongoing legislation regarding the Beneficial Ownership Information Reporting, The Journal of Accountancy reports, "On Sunday, Treasury said 'it will...
2024 Year-End Newsletter
Your Organizer is a Great Way to Prepare for Your Taxes We will be sending out the 2024 Tax Packets right after the New Year. New this year we are offering Organizers for Businesses, Estates and Trusts by request. You may call our office or email Jill...
IRS releases tax inflation adjustments for tax year 2025
Photo by Nataliya Vaitkevich WASHINGTON — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025. Revenue Procedure 2024-40 provides detailed information on adjustments and changes to more than 60 tax provisions that will...
“Self Employment Tax Credit” Scam Circulates on Social Media
These improper claims have been fueled by social media and people sharing bad advice
Deadline for new QuickBooks Desktop users
Intuit announced in November 2023 that they were discontinuing certain QuickBooks Desktop products for new users as of July 31st this year. That deadline is fast approaching for those businesses and individuals looking to switch to QuickBooks Desktop. According to...