Videos and Articles

IRS moves forward in Employee Retention Credit processing

IRS moves forward in Employee Retention Credit processing

The IRS is making significant strides in processing Employee Retention Credits. Gain a deeper understanding of these recent updates and their implications for your business. Stay ahead of the curve by reading our latest article.
Understanding the Child and Dependent Care Credit

Understanding the Child and Dependent Care Credit

Are you a parent or caregiver? This video breaks down everything you need to know about the child and dependent care credit. Don't miss this opportunity to reduce your tax bill!
Planning Ahead: How the End of TCJA Provisions Will Affect Your Taxes

Planning Ahead: How the End of TCJA Provisions Will Affect Your Taxes

Individual tax changes are coming by 2026, and preparation is key to staying ahead. This article offers a peek into the future of tax laws and how they could influence your finances. Don't miss out on this chance to future-proof your tax strategy.
Smart financial planning for college: a parent’s guide

Smart financial planning for college: a parent’s guide

Learn how to effectively plan and save for your child's higher education. Understand student aid and family contributions, explore college savings plans, and discover how to increase your child's chances of receiving merit-based scholarships.
The DOL expands overtime protections: key changes and implications

The DOL expands overtime protections: key changes and implications

Discover how the Department of Labor's recent expansion of overtime protections could impact your business. This article discusses the key changes and implications of the new regulations.
Financial Reset: Strategizing for a prosperous year ahead

Financial Reset: Strategizing for a prosperous year ahead

Set your financial targets for the year with this comprehensive guide that uses the SMART framework. Learn about strategies for debt repayment, evaluating your emergency fund, and early tax planning. If you need more guidance, our office is ready to provide personalized advice.
2024 Update: Waiver of Required Minimum Distributions for inherited IRA beneficiaries

2024 Update: Waiver of Required Minimum Distributions for inherited IRA beneficiaries

The IRS's latest notice suspends RMDs for some inherited IRAs in 2024, offering beneficiaries a financial breather. Find out if you qualify for this waiver and how it affects your tax obligations.
Should you set up voluntary withholding for your Social Security payments? 

Should you set up voluntary withholding for your Social Security payments? 

Unsure whether to set up voluntary withholding for your social security payments? This guide breaks down the concept of voluntary withholding, showing how it can help spread your tax liability over the year and make budgeting simpler.
IRS proposes major changes for Donor-Advised Funds

IRS proposes major changes for Donor-Advised Funds

The proposed IRS regulations on Donor-Advised Funds introduce potential shifts in how these funds are managed. With possible retroactive effects and new compliance hurdles on the horizon, the time to prepare is now. Get an overview of these changes and how they might affect your giving strategy in our latest piece.
Global Tax Enforcement Joint Chiefs Highlight Five Crypto Risk Indicators for Financial Institutions

Global Tax Enforcement Joint Chiefs Highlight Five Crypto Risk Indicators for Financial Institutions

How can financial institutions combat money laundering and illicit activities involving cryptocurrency? What are the five risk indicators tied to cryptocurrency assets that may suggest illicit activities? The J5 advisory released a notice about risk factors.
Understanding Your Tax Obligations: A Guide for U.S. Citizens and Resident Aliens Abroad

Understanding Your Tax Obligations: A Guide for U.S. Citizens and Resident Aliens Abroad

Are you a U.S. taxpayer living or working abroad? Are you aware of the June 17, 2024, deadline to file your 2023 federal income tax return? Are you up-to-date with the requirements for reporting these accounts to the U.S. Treasury Department?"
The IRS’s new audit strategy: what wealthy individuals, corporations, and complex partnerships need to know

The IRS’s new audit strategy: what wealthy individuals, corporations, and complex partnerships need to know

The IRS is set to dramatically boost audits on high-income earners, major corporations, and complex partnerships. Find out what these changes mean for you and how to prepare effectively.
Plan Ahead for Changes to the Lifetime Gift & Estate Tax Exclusion

Plan Ahead for Changes to the Lifetime Gift & Estate Tax Exclusion

Are you prepared for the upcoming cut in the lifetime gift and estate tax exclusion? Learn how proactive planning can maximize your tax savings before exemption levels drop.
Minnesota records fourth consecutive month of job growth

Minnesota records fourth consecutive month of job growth

Minnesota's job growth continues for the fourth consecutive month, adding 3,900 jobs from March to April, boosting the private sector by 5,500 jobs," reported the Minnesota Department of Employment and Economic Development (DEED). "The state's unemployment rate maintained a steady record at 2.7%, indicating a robust economy."
Taxpayers tricked by scams face penalties and delays in refunds

Taxpayers tricked by scams face penalties and delays in refunds

The Internal Revenue Service (IRS) has released a consumer alert, urging taxpayers to be cautious of tax scams and misinformation that led to inflated refund claims in the past tax season. The scams revolve around the Fuel Tax Credit, Sick and Family Leave Credit, and household employment taxes. Thousands of false claims have been filed, causing delays in refunds and necessitating taxpayers to provide legitimate documentation to support their claims.
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