New Parents: Take Advantage of these Credits and Deductions!
Kids are expensive. Whether someone just brought a bundle of joy home from the hospital, adopted a teen from foster care, or is raising their grandchild. There are several tax …
Insights and News
Last Call for Unclaimed 2019 Refunds! Your Return Must be Filed by July 17th to Claim the Money that You are Owed!
People have more time than usual to file tax returns to claim their refunds for tax year 2019. The three-year window to file 2019 income tax returns was postponed to …
Watch Out for Employee Retention Credit (ERC) Scams!
As aggressive marketing continues, the Internal Revenue Service has renewed an alert for businesses to watch out for tell-tale signs of misleading claims involving the Employee Retention Credit. The IRS and …
Missed the April 18 Tax Filing Deadline? File Now to Limit Penalties and Interest!
All taxpayers who missed this year’s April 18 tax-filing deadline should file as soon as possible. Taxpayers who owe and missed the deadline without requesting an extension should file quickly …
72 or Older? Start Withdrawals from IRAs and Retirement Plans to Avoid Penalties!
If you were born in 1950 or earlier, funds in your retirement plans and individual retirement arrangements face important upcoming deadlines for required minimum distributions to avoid penalties. Required minimum distributions, …
Getting Ready to File Your 2022 Taxes – Get Organized NOW to Get Your Refund ASAP!
Getting your tax documents together is never fun, but it doesn’t have to be a giant project either. As the end of the year approaches, take a few minutes to …
Tax Filing Websites Have Been Sending Users’ Financial Information to Facebook. Be Careful Who You Trust with Your Personal Information!
The Verge and The Markup have conducted a shocking investigation into how carelessly several major tax preparation websites have treated their customers’ information. From the article: “Major tax filing services …
November 2022 Updates to Medicare’s Care Compare for Hospice Providers
The November 2022 quarterly refresh for the Hospice Quality Reporting Program is now available on Care Compare. Your hospice’s quality scores matter more than ever before. Take some time to review …
401(k) Contribution Limit Will Increase to $22,500 for 2023, IRA Contribution Limit Will Increase to $6,500
The IRS has announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The IRS today also issued …
Is Your Organization Taking Advantage of the Work Opportunity Tax Credit?
The IRS has released updated information on the Work Opportunity Tax Credit (WOTC), available to employers that hire designated categories of workers who face significant barriers to employment. For employers facing …