S Corporation Accounting and Tax

A little known but highly impactful rule is taking place in 2024 that most businesses are not aware of. The Corporate Transparency Act...

With 2022 quickly coming to an end, the time has come to prepare for the upcoming tax filing season and consider any last-minute moves to...

The 2017 Tax Cuts & Jobs Act (TCJA) is still in effect for 2020 returns, but a flurry of legislation will make your tax returns a little...

With 2020 nearly over, it is time to prepare for filing your taxes and consider several items to prepare for the upcoming filing season....

The Internal Revenue Services has issued more than 88 million Economic Impact Payments (EIP) totaling approximately $158 billion since it...

The Small Business Administration (SBA) announced last week that it had exhausted its $349 billion authorization for the Payroll...

Most taxpayers know by now the Internal Revenue Service has provided an automatic filing and payment extension to July 15 for this year....

The real estate market continues to be incredibly hot, with Lee County placing 2nd only behind Baldwin County for the fastest growing...

The 2020 tax filing season has opened! The Internal Revenue Service expects more than 150 million returns will be filed this year, and...

The 2019 standard deduction increased to $12,200 for single filers, $18,350 for heads of household and $24,400 for married filers. The...

Tax credits are different, and often more valuable, than tax deductions because they are actual reductions in your income tax due. For...

The 2017 Tax Cuts & Jobs Act repealed the penalty for not having medical insurance all year (the “individual mandate”), but it did not go...

Parents desire to leave their children better off than they were themselves. That simple wish has long been part of the American dream....

With 2019 nearly over, it’s time to prepare for filing your taxes. Let’s look at a number of tax tips that you should keep in mind before...

No one likes to hear they have a large tax bill due at the end of the year. As an accountant, I do not look forward to communicating...

The Internal Revenue Service reported that 67.7 million individual tax returns have been filed through March 8. Of those, approximately...

More and more people are finally selling their formerly underwater rental homes or upgrading to their dream forever home as the economy...

Tax season is now underway, and most people know the fastest method to obtain your tax refund is to e-file with direct deposit. However,...

The sweeping changes from the 2017 Tax Cuts And Jobs Act (TCJA) is only now affecting many taxpayers’ returns. While rates were reduced...

The sweeping changes from the 2017 Tax Cuts And Jobs Act (TCJA) is only now affecting many taxpayers’ returns. While rates were reduced...