Interest Rates and Retirement Contribution Limits Increase for 2023
The IRS recently released information about 2023 increases that may affect taxpayers. When planning for 2023, there are several things to...
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- Dec 26, 2022
- 4 min
ERC Updates
The employee retention credit (ERC) has been one of the most beneficial forms of pandemic relief for the restaurant industry. However,...
- Dec 5, 2022
- 3 min
IRS Warns Employers to be Cautious of Schemes and Solicitations Promising ERC Help
The IRS on October 19 issued IR-2022-183, warning employers to be wary of promotions for the employee retention credit (ERC) that sound...
- Nov 8, 2022
- 23 min
2022 Year-End Tax Planning for Businesses
U.S. businesses are facing pressure to drive revenue, manage costs and increase shareholder value, all while surrounded by economic and...
- Nov 8, 2022
- 8 min
2022 Year-End Tax Planning for Individuals
With rising interest rates, inflation and continuing market volatility, tax planning is as essential as ever for taxpayers looking to...
- Nov 2, 2022
- 2 min
High Inflation May Affect Your Taxes Next Year
The Internal Revenue Service (IRS) recently announced next year’s inflation adjustments, which are higher than average due to increased...
- Oct 10, 2022
- 3 min
Tax Planning Tips for High-Net-Worth Individuals
Proper planning is crucial for all taxpayers, but effective tax planning and strategy is a necessity when it comes to high-net-worth...
- Aug 30, 2022
- 2 min
Estate Planning Basics to Minimize Taxes
Although it may seem overwhelming, estate planning doesn’t have to be a daunting or complicated process. Even if an estate’s assets are...
- Aug 23, 2022
- 5 min
Is Your Company Effectively Managing Tax Risk?
The concept of “tax risk” is an increasingly important and regular topic of discussion across organizations and in boardrooms, and for...
- Aug 9, 2022
- 5 min
Remote Employees’ Transportation and Travel to the Office: Taxable or Nontaxable?
Many businesses are now allowing employees great flexibility to choose their work location. A common work arrangement allows an employee...
- Jul 18, 2022
- 5 min
4 Tips for Working with a Resource- Constrained Internal Revenue Service
Federal tax professionals working to resolve issues with the IRS can attest to the multifaceted impacts of the agency’s resource...
- Jun 1, 2022
- 1 min
Families May Be Eligible for the 2022 Connecticut Child Tax Rebate
Connecticut families with children may be eligible for up to $750 ($250 per child up to three children) through the Connecticut Child Tax...
- May 17, 2022
- 3 min
Updated Tax Brackets and Other Changes for 2022
The IRS has released updated tax brackets, standard deductions, and other updates to keep in mind as you plan for 2022 taxes.
- Apr 12, 2022
- 4 min
NFT Tax Overview: Considerations for Creators and Investors
Non-fungible Tokens (NFTs) have exploded in popularity over the last several years, and as investors begin to consider their 2021 tax...
- Feb 21, 2022
- 4 min
Infrastructure Investment and Jobs Act Contains New Cryptocurrency Reporting Requirements
The bipartisan Infrastructure Investment and Jobs Act (IIJA), which was signed into law on November 15, 2021, includes two provisions...
- Jan 24, 2022
- 2 min
Some Taxpayers Can Expect Higher Payroll Taxes in 2022
Due to a significant cost of living increase announced by the Social Security Administration (SSA), retirees and other recipients can...
- Dec 14, 2021
- 2 min
Remote Workers May Have Tax Implications
Since the onset of the pandemic, more than half of U.S. employees have worked remotely at some point. While remote work can be appealing...
- Nov 16, 2021
- 2 min
Employee Retention Credit to End September 30, 2021 Instead of Year End
The Infrastructure Investment and Jobs Act (IIJA), which President Biden signed into law November 15, will retroactively end the employee...
- Nov 14, 2021
- 3 min
5 Tax Accounting Method Changes That Can Generate Savings and Cash Flow
Cash flow preservation remains an important focus for many companies as the COVID-19 pandemic continues to create uncertainty for...
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