The IRS announced it opened the 2023 individual income tax return filing season on January 23. That’s when the agency began accepting and processing 2022… Read More »Day Traders CPA: Why you might want to file early and answers to other tax season questions
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.… Read More »CPA Daytrders: 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… Read More »Emil @ CPA Daytraders 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… Read More »Daytraders 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… Read More »Daytraders 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… Read More »Daytraders 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… Read More »Daytraders 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.… Read More »CPA Daytraders: 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… Read More »Emil @ CPADaytraders: 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… 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… Read More »Renting to a relative? Watch out for tax traps
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last… Read More »How to minimize the S corporation LIFO recapture tax