by Jackie | Dec 9, 2024 | Uncategorized
As 2024 winds down, tax professionals are gearing up to prepare and reconcile client accounts for the year ahead. QuickBooks Online (QBO) offers tools to simplify this process, helping business owners wrap up year-end details and ensure their books are tax-ready for...
by Jackie | Dec 6, 2024 | Uncategorized
Article Highlights: Accelerate Business Expenses Review and Adjust Payroll Manage Inventory and Cost of Goods Sold Optimize Retirement Contributions Charitable Contributions Business Advertising Filing Obligations and Compliance Tax Credits and Incentives Employee...
by Jackie | Dec 5, 2024 | Uncategorized
FYI: BOI reporting requirements are under review; this is something to keep a close eye on until the courts reach a final decision. Please review the below link to a recent Journal of Accountancy article for additional details. Nationwide injunction halts BOI...
by Jackie | Dec 5, 2024 | Uncategorized
What do you get the wealthy client who has everything? The answer, according to savvy money managers, might surprise you: a loss-making investment. This seemingly counterintuitive strategy is the basis for Wall Street’s latest tax-saving innovation—tax-aware...
by Jackie | Dec 4, 2024 | Uncategorized
Article Highlights: Itemizing Deductions and Medical Expenses Prepaying Property Taxes Charitable Contributions and Bunching Deductions Required Minimum Distributions (RMDs) Did You Know You Can Make Charitable Deductions from Your IRA Account? Maximizing Retirement...
by Jackie | Dec 3, 2024 | Uncategorized
Article Highlights: Educational Gifts: A Gift for the Future Retirement Contributions: A Gift with Long-Term Benefits Gifts to Spouses: Supporting Self-Employment Gifts to Spouses: Qualifying Clean Vehicle Employee Gifts: Navigating Tax Implications Understanding the...
