Introduction to COVID-Related Tax Benefits As we continue to address the challenges posed by the COVID-19 pandemic, Congress introduced a tax credit to help self-employed individuals to receive sick and…
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Key Takeaways Retroactive Benefit: Business owners can claim a retroactive PTE tax credit for 2021 to reduce past tax liabilities. Bypass SALT Cap: The PTE credit circumvents the $10,000 federal…
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We are thrilled to announce that two of our esteemed principals, Krystal McCants and Scott Moulden, have been named in Forbes' prestigious 2024 America's Top 200 CPAs list. This recognition…
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If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and two-bedroom residences were $1,487…
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The tax filing deadline for 2023 tax returns is April 15 this year. If you need more time, you can file for an extension until October 15. In either case,…
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If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age. If…
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