28 Mar, 23

What is FDIC Insurance & What are the Coverage Limits?

As your trusted advisors, we wanted to bring your attention to the potential risks associated with holding more than $250,000 in cash at a bank, even when held in multiple accounts. Recent events, such as the failures of Silicon Valley Bank and Signature Bank, have shown that this risk is very real. While in rare […]

14 Mar, 23

Tax Talk Tuesday – Charitable Donations

Charitable donations are a great way to give back to society and support causes that are important to you. However, when it comes to tax season, it’s important to understand the rules for deducting charitable donations. In this article, we’ll provide an overview of the rules on deducting charitable donations so that you can ensure […]

24 Feb, 23

Don’t Kill the Messenger – The Rise of the Internal Revenue Service – Part 4

Part-4 We have all read the headlines; “IRS receives $80B to hire 87,000 new agents over the next decade”. Does this mean increased audits? Probably, who knows for certain but time will tell. Our role is to help keep you in compliance. Tax avoidance and tax evasive are radically different. Tax avoidance helps lowers your […]

17 Feb, 23

Don’t Kill the Messenger – The Rise of the Internal Revenue Service – Part 3

Part-3 We have all read the headlines; “IRS receives $80B to hire 87,000 new agents over the next decade”. Does this mean increased audits? Probably, who knows for certain, but time will tell. Our role is to help keep you in compliance. Tax avoidance and tax evasive are radically different. Tax avoidance helps lowers your […]

10 Feb, 23

Don’t Kill the Messenger – The Rise of the Internal Revenue Service – Part 2

Part-2 We have all read the headlines; “IRS receives $80B to hire 87,000 new agents over the next decade”. Does this mean increased audits? Probably, who knows for certain but time will tell. Our role is to help keep you in compliance. Tax avoidance and tax evasive are radically different. Tax avoidance helps lowers your […]

03 Feb, 23

Don’t Kill the Messenger – The Rise of the Internal Revenue Service – Part 1

Part -1 We have all read the headlines; “IRS receives $80B to hire 87,000 new agents over the next decade”. Does this mean increased audits? Probably, who knows for certain, but time will tell. Our role is to help keep you in compliance. Tax avoidance and tax evasive are radically different. Tax avoidance helps lowers […]

20 Jan, 23

Tis the Season for Charitable Giving

‘Tis the Season for Charitable Giving… So let’s make sure you’re doing it right. What documentation am I required to keep on my Charitable Donations? That depends on the type and value of the donation. – For cash donations under $250, the donor must have a bank record (canceled check, debit, credit card charge) or […]

04 Dec, 22

IRS Top 12 Tax Scams

Each year, the Internal Revenue Service issues a list of the top 12 tax-related scams it is seen throughout the year. The IRS “Dirty Dozen” highlights various schemes that taxpayers may encounter anytime, many of which peak during tax-filing season. Taxpayers need to guard against ploys that steal their personal information, scam them out of […]

08 Nov, 22

Tax Underpayment Penalties

The Tax Underpayment Penalty is a penalty imposed by the Internal Revenue Service for failing to pay sufficient estimated tax payments or withholding taxes throughout the year. To avoid this penalty, taxpayers should make sure to calculate their estimated taxes accurately, keep track of their income and expenses throughout the year, and adjust their withholdings […]

08 Feb, 18

2018 Tax Brackets

For the next few weeks on Tax Tip Tuesday we will be looking new stuff and changes for 2018. This week…Tax Brackets! Revised tax brackets for individuals: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Revised tax brackets for trusts and estates: 10%, 24%, 35% and 37%. Married Filing Jointly taxable income brackets: $0 to […]

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