Blog
- Tax Time Has Arrived! Tips for Getting Ready for Your Tax AppointmentYou, like most taxpayers, probably dread the task of pulling together your records to prepare for your tax...
- Supreme Court Rules on Nationwide Injunction on BOI ReportingOn Thursday January 23, 2025, the Supreme Court issued a stay on a nationwide injunction that had previously...
- You May Receive a Form 1099-K This Year: What It Means for Your TaxesThe landscape of digital transactions has undergone a significant transformation over the past few decades, prompting the Internal...
- Making Home Improvements? You May Qualify for a Substantial Tax Credit.The Internal Revenue Code Section 25C credit, also known as the Energy Efficient Home Improvement Credit, is a...
- Surprising Tax Impact of Converting Your Traditional IRA to a Roth IRATaxpayers are limited in the annual amount they can contribute to a Roth IRA. The maximum contribution for...
- The QuickBooks Desktop Phase Out: How QuickBooks Online Will Future-Proof Your BusinessAs business owners barrel toward the quarter-century mark of the 21st century, so, too, do the tools we...
- IRS Highlights New Warning Signs for Businesses Regarding the Employee Retention CreditIn the wake of the COVID-19 pandemic, the Employee Retention Credit (ERC) emerged as a vital financial lifeline for businesses....
- Navigating Potential Changes in Capital Gains Tax: What Business Owners and Boomers Need to KnowAs a business owner or a baby boomer planning to sell your business or a significant real estate...
- Gift and Estate Tax PrimerThe tax code places limits on the amounts that individuals can gift to others (as money or property)...
- Maximizing Benefits and Navigating Pitfalls: Understanding the Tax Implications of Inheriting or Receiving a Home as a GiftA frequent question, and a situation where taxpayers often make tax mistakes, is whether it is better to...
- Weather the Storm: How Small Businesses Can Thrive in a Tough Economy FlowThe current American economy is characterized by inflation, rising credit card debt, and the looming threat of a...
- Say Sayonara to Manual Transaction Entry in QuickBooks OnlineDitching manual transaction entry should be your number one priority now that QuickBooks Online streamlines the process of...
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Community Leadership Spotlight: Nikki Petrous at Lewis & Knopf, CPAsAt Lewis & Knopf, CPAs, P.C., we... -
Beat the SALT Cap: How PTET Lets Pass-Through Owners Reclaim State Tax DeductionsIf you pay substantial state and local... -
The IRS Is Paying Attention Again: Why More Taxpayers Are Getting NoticesFor a period of time, IRS activity...