We get this question somewhat frequently.  The answer is no.  For a married joint (MFJ) tax return, the IRS sends all letters to both...

Beginning in 2024, you are no longer required to take RMDs from Roth 401(k) accounts.  This was part of the SECURE 2.0 Act.  Of course,...

Just like any other profession, we tax and accounting professionals notice trends and see what works and what doesn’t.  Here are the...

That’s a complicated issue.  This gets into the issue of a controlled group.  If the holding company owns 80% or more of the subsidiary,...

The Employee Retention Tax Credit was part of the COVID relief packages passed by Congress.  These claims were made by small businesses...

You should at least consider these issues when deciding whether to use the standard mileage rate or actual expense: a)    The fuel...

Extension Filing Deadline Information

Just 4 Concise Things for Today     Payment card settlement On December 13, 2019, the Court granted a $5.54B class action settlement with...

We’ve got answers.  If you have any questions, or need to discuss a tax situation for this year or next, then please contact us.  We can...

The SEP (Simplified Employee Pension IRA) is an account for anyone who is self-employed, owns a business, or earns freelance income. ...

FICA is withheld from all wages, up to the maximum taxable earnings cap of $168,600 for 2024.  This cap increases each year with...

Yes!!  The tornado and related storm activity that occurred in the Leon County area on May 10, 2024 has received the federal disaster...