Contributor: Emily W. Matthews
By Edelstein on August 31, 2022
You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether it will reduce inflation in the near future, it contains, extends and modifies
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Posted In: Alerts & Advisories
By Edelstein on August 30, 2022
Do you own a successful small business with no employees and want to set up a retirement plan? Or do you want to upgrade from a SIMPLE IRA or Simplified Employee Pension (SEP) plan? Consider
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Posted In: Alerts & Advisories
By Edelstein on August 17, 2022
We are proud to announce that Edelstein has again been named as one of the Top 200 (#168) accounting firms in the nation by Inside Public Accounting (IPA). Firms are ranked by U.S. net revenues
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Posted In: Awards
By Edelstein on August 16, 2022
The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign the bill into law shortly. The IRA includes significant provisions related to climate change, health
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Posted In: Alerts & Advisories
By Edelstein on July 27, 2022
Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. 1. QBI deduction For 2018 through 2025, the qualified
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Posted In: Alerts & Advisories
By Edelstein on July 21, 2022
The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration. The amount of first-year depreciation available as a so-called bonus will
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Posted In: Alerts & Advisories
By Edelstein on July 20, 2022
Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your higher tax bracket and place
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Posted In: Alerts & Advisories
By Edelstein on July 13, 2022
Sales and registrations of electric vehicles (EVs) have increased dramatically in the U.S. in 2022, according to several sources. However, while they’re still a small percentage of the cars on the road today, they’re increasing
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Posted In: Alerts & Advisories
By Edelstein on July 12, 2022
If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key issue is: Who paid for the benefit? If the income is paid directly to you
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Posted In: Alerts & Advisories
By Edelstein on June 22, 2022
Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to be addressed to ensure that taxes are kept to a minimum
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Posted In: Alerts & Advisories