With the 2023 filing season deadline drawing near, be aware that the deadline for businesses to file information returns for hired workers is even closer. By January 31, 2023, employers must file these forms: Form W-2,… Read More »CPA Forensic: Forms W-2 and 1099-NEC are due to be filed soon
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529 plans. But there are also… Read More »Emil @ CPA Forensic wrote: Tax-saving ways to help pay for college — once your child starts attending
Does your construction business work in the residential sector? If so, there are some powerful tax incentives in effect right now that could generate revenue for your company. However, many property owners may not be… Read More »Forensic CPA: Residential construction companies should get the word out about home energy tax credits
If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0)… Read More »Forensic CPA: How the new SECURE 2.0 law may affect your business
If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several approaches to take maximum advantage of the tax-favored ways to save that may… Read More »Forensic CPA: Tax-wise ways to save for college
The construction industry has always been all about mobility. Yet many contractors continue to hold on to paper processes that keep employees — and project information — unnecessarily tethered to the front office. The widespread… Read More »Forensic CPA: The case for a digital construction enterprise
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While the credit is no longer available, eligible employers that… Read More »CPA Forensic: Employers should be wary of ERC claims that are too good to be true
A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0… Read More »Emil @ CPA Forensic: SECURE 2.0 law may make you more secure in retirement
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be… Read More »The standard business mileage rate is going up in 2023
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that… Read More »Renting to a relative? Watch out for tax traps