Proactive planning can help your nonprofit avoid year-end closing challenges The fiscal year-end for many nonprofit organizations is June 30, 2025, initiating the commencement of the 2024–2025 year-end closing process….
Drawing on over 20 years of tax and accounting experience, Denise provides insights and creates opportunities for individuals and businesses in the areas of tax planning, consulting and tax compliance….
Paul focuses on business tax planning and compliance, general business consulting, transaction advisory, and individual tax for privately-held clients with an emphasis on limited liability companies and flow-through taxation. Many…
…or ITIN, Taxpayer’s adjusted gross income on the most recently filed income tax return is below $73,000 for Single taxpayer or $146,000 for Married Filing Joint taxpayers, respectively AND Taxpayer…
In-depth summary of the steps you can take to minimize personal and business liability Congress signing the Tax Cuts and Jobs Act of 2017 enacted the biggest tax reform law…
…to these after-tax dollars to charity. This taxpayer would report the full IRA distribution as taxable income and then deduct the donation to charity as an itemized deduction on Schedule…
…McGuireWoods and included a primer on tax and legal considerations startups face in the first part of the video. The second part of the video includes a conversation with Carolyn…
Tips to avoid tax scams in 2025 Individuals and businesses should be mindful of scams throughout the year and in particular, during tax season as scam attempts tend to increase….
The tax benefits offered by Qualified Opportunity Zone investments are maximized if made by December 31, 2019 Qualified Opportunity Zones (QOZs) provide a unique opportunity for taxpayers to invest in…
…payments due. Until now, those steps were focused on taxpayers filing income tax, excise tax and other assessment-type returns, including individuals, corporations, and partnerships. Excluded from that relief were filers…
The IRS Opens New Web Portal for Taxpayers to Submit Direct Deposit Information for Economic Impact Statements Taxpayers who are not required to file annual returns can use the IRS’…
…be allowed on an after-tax basis beginning in 2024. However, this particular aspect of the legislation created so much pushback from taxpayers and professionals that the IRS has since instituted…