Archive for Alerts & Advisories Category
By Edelstein on January 18, 2023
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529 plans. But there are also
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Posted In: Alerts & Advisories
By Edelstein on January 16, 2023
CPA firms do more than audits and tax returns. They can also help you with everyday accounting-related tasks, such as bookkeeping, budgeting, payroll and sales tax filings. Should your organization outsource its accounting needs? Here
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Posted In: Alerts & Advisories
By Edelstein on January 11, 2023
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While the credit is no longer available, eligible employers that
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Posted In: Alerts & Advisories
By Edelstein on January 4, 2023
A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0
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Posted In: Alerts & Advisories
By Edelstein on December 28, 2022
Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart
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Posted In: Alerts & Advisories
By Edelstein on December 21, 2022
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A deduction. The QBI
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Posted In: Alerts & Advisories
By Edelstein on December 19, 2022
What do Tesla cars, smart TVs and equipment used for making french fries have in common? The answer is embedded software, according to recent comments by Financial Accounting Standards Board (FASB) Vice Chair James Kroeker.
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Posted In: Alerts & Advisories
By Edelstein on December 7, 2022
As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA (including a SIMPLE IRA or SEP IRA) when you reach age 72.
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Posted In: Alerts & Advisories
By Edelstein on November 29, 2022
The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before the end of the year. Here are the basic tax
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Posted In: Alerts & Advisories
By Edelstein on November 21, 2022
Digital assets such as cryptocurrencies and non-fungible tokens (NFTs) are growing and disrupting the way consumers and businesses pay, bank, and invest. A recent survey by Capitalize found that 60 percent of respondents would like
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Posted In: Alerts & Advisories