Category: Guest Post of the Month

Most people approach tax season thinking about one thing: getting their return done. What they rarely think about is what the experience looks like from the other side of the desk. Having seen it from both angles, I can tell you there’s a real difference between clients who make a preparer’s job easy and those … Continue reading “What Your Tax Preparer Wishes You Already Knew”

Part 1 The One Big Beautiful Bill Act (OBBBA) passed the House on July 3 and was signed into law by President Trump. This comprehensive legislation makes several expiring tax cuts from the 2017 Tax Cuts and Jobs Act permanent while at the same time introducing several temporary provisions through 2028. In this two-part series, … Continue reading “One Big Beautiful Bill Act: Part 1 – What the New Tax Law Means for You”

The US tax system is progressive, meaning that the more you earn the more you pay. For the years 2021-2023 there are seven different brackets for each year (2020 was the same structure as well). Which bracket you are in depends on your taxable income; however, your bracket does not equal your tax rate. Tax … Continue reading “2021 Vs 2022 Vs 2023 Federal Income Tax Brackets”

Non-fungible tokens (NFTs) have exploded in use and popularity in recent months. NFTs have some special tax considerations to be aware of that can be different than fungible tokens, but before we get into that, let’s look at exactly what NFTs are. What are NFTs  Economically speaking, fungible assets are those that can be broken … Continue reading “Non-Fungible Tokens and Their Special Taxation”

Nearly one year after the COIVD-19 pandemic-driven shut-downs began the shutter the economy, Democrats pushed through another $1.9 trillion stimulus package by narrow margins, with the President set to sign the bill. The legislation is one of President Biden’s first major achievements and contains numerous provisions that impact millions of Americans. Below we’ll look at … Continue reading “Latest Stimulus Bill Provides More Relief for Americans and the Economy”

Despite the fresh start that a new year promises, our world hasn’t changed much since last March. We’re still living in a new normal. We’re masking up, working (and schooling) from home, and social distancing. Furthermore, scores of community events and activities have been canceled. However, there is something that’s never been canceled: it’s called … Continue reading “Looking Ahead to 2021: Hope is Not Canceled”

What is an SSL Certificate? An SSL (Secure Sockets Layer) certificate used is to encrypt traffic between systems, such as client and server. This is done to protect data that might include confidential information, Social Security numbers, and personal information. SSL involves the use of a pair of the public (available to anyone) and private … Continue reading “The Importance of an SSL Certificate and Best Practices”

As part of a comprehensive strategy to cope with COVID-19 and reduce the risk of spreading it, developing a sanitation plan is a necessary tool that businesses can implement during the reopening process. The Centers for Disease Control and Prevention recommends a thorough approach for cleaning and disinfecting. The first thing to do to reduce … Continue reading “How to Develop a Sanitation Plan for Employee and Customer Safety”

Recently, the IRS Commissioner testified before the Senate Finance Committee, sending the message that the IRS is committed to catching intentional tax evaders. There was no ambiguity in the message of his testimony to Congress; he noted that under his watch, the IRS will aggressively pursue those purposely evading their tax obligations with civil and … Continue reading “IRS Gears Up for Aggressive Enforcement”