There are a few "unofficial" signs that summer is over. The first few cool days in the forecast, the day after Labor Day, and the corporate extension deadline. Well, we are CPA's! So - back to business this 1st full week of September with a few fall reminders; Final...
Recently, there were important changes made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the child tax credit: Amount has increased for certain taxpayers Is fully refundable (meaning...
Audit data analytics is going through an exciting time. There’s a lot of growth and a lot of new tools being offered. The movement recently towards updating the audit evidence standards is going to really open the floodgates for audit data analytics. Audit analytics gives practitioners...
Before the tax-savings wonder that is the health savings account (HSA) was introduced in 2003, it was a generally accepted best practice for any worker who wasn't already collecting Social Security at the age of 65 to go ahead and sign up for Medicare Part...
We passed a major milestone in pandemic economic recovery recently — the closeout of the loan application period for the PPP, which ended May 31. It’s a good time to reflect on the profession’s role in making this historic business relief program a success and...
As professionals advance in accounting and finance careers, soft skills become increasingly important. Whether a professional is looking for a new job or seeking a promotion, focusing on and developing soft skills can help employees be more well-rounded and employable professionals. For professionals looking to improve their...
You filed your 2020 taxes on time but you have also received a letter from the IRS, what went wrong? In most cases, it is nothing you could avoid. You should read your letter carefully but be aware, the IRS's electronic system is not opening the...
With the percentage of elderly people in the United States on the rise, someday soon we may face situations like these: A longtime client calls us in a panic. His mother has suffered a fall, and her doctor says she shouldn't live by herself any more....
Did you recently receive your Social Security Wage and Benefits report? Did you take a close look at it? We assume the money deducted each payday and an equal amount paid in by our employer, or that we as owners pay on our earnings is applied...
If it’s on the internet and in ALL CAPS it must be true! Whether it’s the GUY WHO TURNED $10,000 INTO $20 MILLION or the HOT TECH STOCK THAT WILL SHOCK YOU, you’ve probably seen some version of this fake news dozens of times a day....