News, Tax & Accounting Resources
COMMON SITUATIONS THAT REQUIRE A TAX REVIEW WITH YOUR ACCOUNTANT
Taxes can affect many areas of your life. Here are some common situations when you'll want to schedule a tax review. Something Changed in Your Life A change in your life could mean significant changes in your tax status. Some of these changes include: Getting married...
Important: New Electronic Filing Requirements for Forms W-2, W-2c, and 1099s
The IRS has reminded employers that the New Electronic Filing Threshold for Forms W-2, W-2c, and 1099s New lower threshold for required electronic filing of information returns applies to tax year 2023 Forms W-2, Wage and Tax Statement, because they are required to be...
Important Information Regarding IRS LETTER 5071C
Did You Receive a Letter from the IRS to Verify Your Identity? The IRS has been sending Letter 5071C to various taxpayers. This letter states that the IRS has received a tax return for year 2022 using your name and social security number. If you have filed your 2022...
Taxpayers Beware – Plan Now for 2023 or Pay Later
Procrastination is easy, especially when it comes to summertime tax planning. Waiting to implement strategies to reduce your 2023 tax obligations could cost you money. Here are some suggestions to help jumpstart your midyear review: Safeguard your Deductions Ensure...
GREAT MONEY HABITS TO PRACTICE
Tax season is over and now is an excellent time to develop and maintain exceptional money habits can that can help you lay the foundation for achieving your financial goals. Here are some ideas. Establish a budget and review it at regular intervals. Create a workable...