The Inflation Reduction Act of 2022 is a proposed bill in the 117th United States Congress. Its main objectives include curbing inflation, reducing the deficit, investing in domestic energy production, Medicare’s ability to negotiate drug prices, and promoting clean energy […]
Recently, the IRS and Treasury released two revenue procedures on accounting method changes for small business taxpayers. Rev. Procs. 2022-9 and 2022-14 enable small business taxpayers, not a tax shelter, to obtain automatic consent to change to simplified methods of accounting, i.e., cash […]
Business owners have a lot of sensitive information, including contact information, passwords, credit card data, and more. With all the technology at our fingertips, it’s hard to find ways to keep it safe. That’s why I wanted to share […]
How did you do this year and what can you claim? Take our test to see how well you’re doing and where you might need help. Give us a call if you have any questions or would like to schedule […]
Every tax season I get the same question from my realtor clients, “How can I set up my books and records so that it reduces the time you have to take preparing my return?” This post addresses that question and […]