2024-02-08 14:24
Early tax planning for 2024 should be considered when wrapping up 2023 business and individual tax filings. Use this resource HERE to assist decision-making for the new tax year.
The post 20… Read More
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A Next Generation Professional CPA Services Firm blog giving insight into new information on Tax Laws, PPP Loans, IRS information and more.
2024-02-06 22:58
The House Ways and Means Committee has recently moved to advance The Tax Relief for Workers and Families Act with the Senate awaiting a version for vote soon. The bill would reviv… Read More
2024-02-06 22:22
The Internal Revenue Service (IRS) works with ID.me, a technology provider, to provide authentication and identity verification for taxpayers and tax professionals accessing I… Read More
2024-02-06 18:19
2024 Beneficial Ownership Information – Overview of Reporting Requirements
The Corporate Transparency Act (CTA) established uniform Beneficial Ownership Information (BOI)… Read More
2023-11-20 12:48
With year-end approaching, it is time to start thinking about moves that may help lower your business’s taxes for this year and next. This year’s planning is more challenging tha… Read More
2023-11-20 12:43
With year-end approaching, it is time to start thinking about moves that may help lower your tax bill for this year and next. This year’s planning is more challenging than usual due to… Read More
2023-11-20 12:36
With year-end approaching, it’s a good time to consider ways to lower your business’s payroll-related taxes for the current tax year as well as the 2024 tax year. Consider the fo… Read More
2023-11-20 12:30
The annual gift tax exclusion is $17,000 for 2023 and will rise to $18,000 in 2024.The unified estate and gift tax exclusion amount, $12,920,000 for gifts made and decedents dying in 2023, w… Read More
2023-11-20 12:21
Businesses must be ready to comply with new 2023 IRS rules for timely and accurate filing of Forms 1099-K, 1099-NEC, and 1099-MISC. View the IRS filing instructions for all information retur… Read More
2023-11-20 12:12
The Department of the Treasury and the Internal Revenue Service today issued proposed regulations updating rules for the investment tax credit under section 48 (ITC) that have been unchanged… Read More
2023-11-20 12:07
Businesses that are successful have one important financial management policy in common – a future-focused set of processes for closing the current year in a timely manner. Use this li… Read More
2023-11-20 11:46
To support effective tax planning for 2023, view this listing of business and individual tax rates, which includes key deductions and benefits to evaluate HERE.
The post 2023 Federal Tax Rat… Read More
2023-10-17 20:42
People? Yes, People need to adapt to change to support an organization’s move to a digital operation. Hear this Forbes writer overview how business leaders must prioritize people over… Read More
2023-10-17 20:19
“Hybrid” appears to be the workplace of the future, with post-pandemic battles ongoing to bring back or keep workers on site, while also supporting family values. So how do busin… Read More
2023-10-17 19:54
What it is not is simply using ChatGPT, or randomly adding more cloud apps, or building a tech stack that is not connected, or implementing a confusing “dashboard” suite that is… Read More
2023-10-17 19:20
Our firm was recently recognized by Accounting Today, the premier independent media company in the CPA profession, as one of ten “2023 Best Firms for Technology”. Our team is… Read More
2023-01-05 22:27
Following is a summary of key tax provisions in the Setting Every Community Up for Retirement Enhancement 2.0 Act of 2022 (SECURE 2.0 Act), enacted on December 29,2022… Read More
2023-01-05 21:55
Breaking News on Form 1099-K!
The IRS announced in late December a delay in the $600 reporting threshold for third-party settlement organizations, which had been in effect for the 202… Read More
2023-01-05 19:46
As 2023 begins, most economic, financial, and tech guru’s believe some level of downturn is coming. While global companies have big decisions in front of them, small and mid-sized busi… Read More
2023-01-05 19:29
Recently, the “holiday spirit” was dampened for many travelers, with problems still lingering unfortunately. A deep dive into the causes presents a sobering look behind the curta… Read More
2023-01-05 19:00
2023 is here, bringing concerns about recession, inflation, down financial markets, crypto crash, labor shortages, and _________! (fill in the blank). Of course every year has its challe… Read More
2022-11-06 21:52
With year-end approaching, it is time to start thinking about moves that may help lower your business’s taxes for this year and next. This year’s planning is more challenging tha… Read More
2022-11-06 21:47
With year-end approaching, it is time to start thinking about moves that may help lower your tax bill for this year and next. This year’s planning is more challenging than usual due to… Read More
2022-11-06 21:35
The recently enacted Inflation Reduction Act of 2022 contains several new environment-related tax credits that are of interest to individuals and small businesses. The Act also extends and m… Read More
2022-11-06 17:32
Get serious now with understanding recent improvements by IRS to prevent or handle ID Theft Risks HERE, how to obtain a new IP PIN HERE, and also how to setup a secure new online account tha… Read More
2022-11-06 17:17
Led by the Wall Street Blockchain Alliance, the SEC, the AICPA and financial market leaders, a recent symposium produced an update on key challenges in the financial markets after plunges in… Read More
2022-11-06 17:04
Companies that were lax in past years must be more diligent for 1099 filings in 2023, as outlined HERE.
The post 1099 Filings: Penalties Increased by IRS appeared first on Davis CPAs Read More
2022-11-06 16:57
Crowdfunding is a popular way to raise money online. People often use crowdfunding to fundraise for a business, for charity, or for gifts. It’s important to know that money raised… Read More
2022-11-06 16:49
Two plus years after it’s launch, the ERC has become a hot topic of debate by IRS, the AICPA, payroll providers, and the tax profession, with the emergence of “ERC Mills” a… Read More
2022-11-06 16:36
Already invested, or thinking about crypto currency? Get the big picture HERE.
Understand updated tax reporting responsibilities from IRS HERE.
The post Crypto Asset Tax Reporting –… Read More
2022-11-06 16:25
As workers take advantage of hybrid workplaces, businesses of all sizes must prioritize cybersecurity, as outlined nicely HERE.
The post Cybersecurity Checklist – 22 Musts for SMB&rsqu&hell…Read More
2022-11-06 16:12
MarylandSaves launched state-wide on September 15, 2022, a new retirement and savings program designed for small businesses and those who make them great HERE.
The post Maryland Saves &ndash&hell…Read More
2022-11-06 16:03
An overview of President Biden’s student loan relief plan HERE.
The post Fact Sheet: Student Loan Forgiveness appeared first on Davis CPAs Read More
2022-01-31 22:22
With one month down and eleven more to come, now is the time to begin thinking about how 2022 will look for your business and/or personal tax positions. Our quick reference guide can assist… Read More
2022-01-31 20:46
With the volatility in cryptocurrency markets of late, be sure to manage holdings – for 2021 tax reporting HERE, and 2022 investment planning HERE.
The post Crypto Tax Reporting Overv… Read More
2022-01-31 20:40
SBA provides an excellent overview for SMB’s HERE, which should confirm what your IT leadership team is already doing…or needs to update very soon. SBA also recently announced t… Read More
2022-01-31 20:29
COVID relief payments, budget cuts, paper processing backlogs, WFH employees, outdated technologies, and the great resignation – is that all? Buckle up, IRS announced the opening of ta… Read More
2022-01-31 19:49
After numerous economic and tax stimulus programs over the past two years, one remains viable at present – the ERC. This federal program can be utilized with the filing of amended fede… Read More
2022-01-31 19:37
After two years of COVID, the migration to virtual or hybrid telework has brought many challenges to employers and employees. Workers must follow IRS guidance on home office tax deductions… Read More
2022-01-31 19:27
On January 11, 2022, IRS released a comprehensive list of FAQ’s to address a complex topic – the 2021 Child Tax Credit and Advance Child Tax Credit Payments, with the intent to h… Read More
2021-11-22 23:30
The House of Representatives on November 19, 2021 narrowly passed H.R. 5376, the Build Back Better Act. The bill contains a wide variety of tax provisions, designed to provide incentives to… Read More
2021-11-22 22:37
The Infrastructure Investment and Jobs Act, signed by the President on Nov. 15, 2021, provides just a few key tax law changes:
Cryptocurrency. The act expands cryptocurrency reportin… Read More
2021-11-22 22:16
With year- end approaching, it is time to start thinking about moves that may help lower your business s taxes for this year and next. This year’s planning is more challenging than usu… Read More
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