Posts Tagged ‘Tax’

Tax Alert- Married couples filing separate tax returns: Why would they do it?

If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation. In general, it depends on which filing status results in the lowest

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Posted In: Alerts & Advisories

Tax Alert- Did you give to charity in 2021? Make sure you have substantiation

If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if you haven’t received such a letter — can you still

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Posted In: Alerts & Advisories

IRS Transitions Away from Facial Recognition Verification

On February 7, 2022, the IRS announced that they would be transitioning away from the use of a third-party verification that would use facial recognition. The decision was made to prevent delays in tax filing

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Posted In: Alerts & Advisories

Tax Alert- Keeping meticulous records is the key to tax deductions and painless IRS audits

If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim all

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Posted In: Alerts & Advisories

Emily Matthews Presents at Womxn Building Wealth Event

On January 19, 2022, Emily Matthews, Tax Partner, presented at a Womxn Building Wealth event. Womxn Building Wealth is a, “community whose mission is to help womxn create financial freedom and security through education and

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Posted In: Events

2021-2022 Tax Planning Guide Released

Do your tax strategies need a refresh? With some tax law changes going into effect in 2021 and more changes potentially on the horizon, you probably have questions about tax planning this year. To save

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Posted In: Alerts & Advisories

Tax Alert- How will revised tax limits affect your 2022 taxes?

While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this year. That’s because some tax figures are adjusted annually for inflation.

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Posted In: Alerts & Advisories

Tax Alert- Defer tax with a like-kind exchange

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange where you exchange the

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Posted In: Alerts & Advisories

Edelstein Included in Forbes’ List of Best Accounting and Tax Firms for 2022

On December 2, 2021, Forbes released their third annual list of America’s Best Tax and Accounting Firms. Forbes selected the recipients based on an independent survey and an online access panel of thousands of tax

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Posted In: Awards

Tax Alert- Providing a company car? Here’s how taxes are handled

The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax deductions for the employer as well as tax breaks for the owners

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Posted In: Alerts & Advisories