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Recent News

Aug 30, 2023

Protecting Your Assets: The Importance of a Revocable Trust for Ownership in Entities


When it comes to safeguarding your hard-earned wealth and assets, estate planning is a crucial aspect that demands careful consideration. One powerful tool in the estate pla... Read More

Aug 16, 2023

Understanding the Revised Form I-9: A Guide for Business Owners Confirming New Employee ID


The Form I-9 is an essential document used by employers in the United States to verify the identity and employment authorization of individuals they hire to work in the coun... Read More

Aug 2, 2023

Building a Better Tomorrow: A guide to setting up a nonprofit 501(c)(3)


In our ever-evolving society, nonprofit organizations play a crucial role in addressing various social issues and making a positive impact on communities. If you are passion... Read More

Jul 25, 2023

(Another) IRS Scam


The IRS is warning taxpayers and tax professionals about a new scam that's making the rounds. Scammers are sending out cardboard envelopes that appear to be from a deliv... Read More

Jul 12, 2023

Where’s my Refund? The Scoop on Delayed State of Delaware Tax Refunds


Tax season can be a stressful time for many individuals and businesses, especially when it comes to waiting for that long-anticipated tax refund. However, if you're a re... Read More

Jul 5, 2023

HSA Rates and Guidelines for 2023


According to the IRS, the Health Savings Account (HSA) contribution limit for individuals in 2023 is $3,850, up from $3,650 in 2022. For those with family coverage, the HSA ... Read More

Jun 21, 2023

Demystifying Estimated Tax Payments: Understanding Their Importance and Consequences


Taxes are an integral part of our lives as responsible citizens. While most of us are familiar with filing annual tax returns, there's another aspect that often gets overl... Read More

Jun 7, 2023

Unveiling the 1031 Exchange: Insights into Maximizing Tax Benefits


Real estate investors looking to maximize tax benefits often turn to the 1031 exchange, a powerful tool provided by the IRS. As an accounting firm specializing in real estat... Read More

May 24, 2023

Energize Your Home and Wallet with Tax Credits for Energy-Saving Improvements


In an era of growing concern about the environment and rising energy costs, homeowners are increasingly seeking ways to make their homes more energy efficient. Fortunately, ... Read More

May 10, 2023

It’s Time to Spring Clean your QuickBooks Records!


It’s the time of year for everything to get a good cleaning and your QuickBooks records are no different. It's important to regularly clean up your QuickBooks... Read More

Apr 26, 2023

Discover the Tax Benefits of Owning an Electric Vehicle


Are you considering purchasing a new electric vehicle? If so, you may be eligible for a federal tax credit that can help reduce the cost of your new ride. The federal tax cr... Read More

Apr 12, 2023

The Benefits of Filing a Tax Extension: How to Avoid Unnecessary Penalties


As the Tax Day deadline rapidly approaches, some taxpayers may be unable to file their federal tax return by April 18th, 2023 and will need to file an extension. In this artic... Read More

Mar 31, 2023

Did you turn 72 in 2022?


REMINDER!  If you have a traditional IRA, SIMPLE IRA, 401(k) or similar workplace retirement plans and celebrated your 72nd birthday in 2022, you must take your first R... Read More

Mar 29, 2023

Tax Credit Available for Alternative Refueling Stations


The Alternative Fuel Vehicle Refueling Property Credit (the credit) is a federal tax credit available to individuals and businesses that install qualified alternative fuel v... Read More

Mar 15, 2023

The Kiddie Tax Rules


The Kiddie Tax has been around since the 1980s.  It was first introduced in the Tax Reform Act of 1986.  The tax code had been being abused by wealthy parents tran... Read More