2019

IRS to Begin Visiting Taxpayers The IRS has announced it will be visiting taxpayers who have ongoing tax compliance issues. They intend to focus effort in areas where there have been limited number of revenue officers available. Their primary goal for these visits is to make face-to-face

Good record keeping for your business Record keeping is an important part of running any business whether it be a side hustle or one pulling net profits of six figures.  According to the IRS, good record keeping is just good business.  A recent Tax Tip article from

SSA Benefit Changes for 2020 Each year the Social Security Administration makes changes to their programs and 2020 is no different.  There are six changes the Administration announced last month.  Click here to read more about the upcoming changes and how they may impact your benefits.

The Season of Giving As we approach the end of the year, this tends to be the season of giving.  The annual Giving Tuesday will start in a few weeks to kick off the season of charitable giving.  The IRS has a helpful tool taxpayers can use

The negative effects of side gigs later in life Side gigs, such as Uber or Lyft drivers, seem to be something many individuals turn to for income.  These side gigs generate income and produce some tax benefits. We recently came across an article that suggests side gigs

Do you reimburse employees or contractors for out of pocket expenses?  Do you have a written accountable plan in place? If not, it is important for you to consider implementing a written accountable plan into your business.  When you have a written plan established, you can exclude

The 2018 tax filing season was one for the ages.  Taxpayers and their advisors experienced the first major tax law change in over 30 years, which left a lot of people either confused or frustrated.  Now that the 2018 tax filing season has been completed, we would

Retirement is supposed to be a turning point in our lives where we sit back, relax and enjoy life.  It is important to understand how your income will change during retirement and the tax consequences that follow. READ MORE…