News, Tax & Accounting Resources
It’s not too late to try and minimize your taxes for 2023. If you haven’t scheduled a tax planning session, now is the best time to do so. Here’s how a tax planning session can potentially help your situation: It can make a difference. This is especially true if you have... Think twice about automatically paying the amount due on a notice from the IRS. Our national tax collection agency is not always right! If you receive a notice from the IRS, do not automatically assume it is correct and submit payment to make it go away. For instance, it’s pretty... What to Look For A plus to continued interest rate hikes by the Federal Reserve is the ability to earn more interest on cash stashed in your savings accounts. How much interest you can earn depends on where you do your banking. Consider these tips to earn as much interest... 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 or divorced Retirement A... 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 filed by January 31, 2024. In...
