Batley CPA Tax & Business Alert December 2021
Babies bring joy and excitement. They also bring substantial adjustments to the family budget! This article discusses a couple of ways to pacify the challenge: checking insurance and reviewing tax breaks. A sidebar advises starting a college fund as early as possible.
Batley CPA Tax & Business Alert November 2021
Many Americans receive disability income, and the question is often asked: Is it taxable? The short answer is: That depends on who paid for it. This article details how and when taxes may apply. A sidebar discusses how much disability coverage an individual may need.
Batley CPA Tax & Business Alert October 2021
The IRS recently announced it intends to hire thousands of new employees as part of a tax-enforcement push, which could mean an uptick in audits sometime soon. The best way to survive an IRS audit is to prepare for one in advance. This article discusses what might trigger an audit, how taxpayers are likely be contacted and who can help.
Batley CPA Tax & Business Alert September 2021
Because of the current estate tax exemption amount ($11.7 million in 2021), many estates no longer need to be concerned with federal estate tax. As a result, more energy can be devoted to other aspects of estate planning. This article looks at important issues to still consider.
Batley CPA helps you make the most of Section 179 this tax season
The Tax Cuts and Jobs Act, passed in November 2017, is the most comprehensive tax legislation passed in more than 20 years.