Many businesses routinely offer meals to employees as an incentive. However, upcoming changes to tax regulations will affect how such meals are treated for deduction purposes and organizations should be…
…on a taxpayer’s ability to use the cash method of accounting. In general, a taxpayer (other than a tax shelter) meets the gross receipts test for any taxable year if…
…4, 2021, the IRS released new schedules K-2 and K-3. The schedules apply to taxpayers, including passthroughs and their partners and shareholders, that have international tax reporting requirements such as…
…Form 941, Employer’s QUARTERLY Federal Tax Return (or Form 944, Employer’s ANNUAL Federal Tax Return) Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return IRS website still has 2024 Form…
…caused by this mailing.” IRS Backlog of Unprocessed Taxpayer Returns The IRS also continues to face a backlog in addressing taxpayer matters which is also very frustrating for taxpayers and…
Kim has over 15 years of tax and accounting experience assisting businesses and individuals with outsourced accounting functions, tax planning, tax consulting and tax compliance. Her client base includes many…
…from $10,000 to $40,000 per year, effective 2024 through 2028. Removes the state tax pass through entity tax (PTET) deduction for SSTBs. This potential disallowance of deduction will mean that…
…Tax Planning We focus on large, complex estate tax planning engagements and our fees begin at $10,000 for this specialized service. In addition, we work best when we routinely partner…
Accounting, Tax, Audit & Consulting – Roanoke (VA) Our team of seasoned professionals specialize in assisting high net worth individuals and business owners navigate the complex tax landscape, assist…
Considerations for planning to meet your philanthropic goals Qualified Charitable Distributions (QCD) are a valuable tax planning technique for individuals over age 70.5 to meet their philanthropic goals, utilizing a…
…an estate planning perspective, 529 contributions, when paired with the annual gift tax exclusion, allow families to shift substantial assets out of their taxable estates without using lifetime gift and…
…care services are treated as medical expenses up to specified dollar limits that vary with the age of the taxpayer as of the close of the tax year. For 2025,…