Category: Tax and Financial News

Important Update on New Company Reporting Laws CTA – BOI

On Jan. 1, 2024, the U.S. government debuted the Corporate Transparency Act (CTA). This legislation established the requirement for the majority of pr

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Are You Ready for Major Tax Changes in 2026?

The enactment of the Tax Cuts and Jobs Act (TCJA) in 2017 brought with it major changes to the tax code on both personal and business levels. While ma

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So, You’ve Been Audited: Should You Go It Alone or Hire a CPA?

I sincerely hope you have never had to go through an IRS audit – and never have to in the future. But what if that dark day does arrive? Should you

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Marrying a Non-U.S. Citizen? No Tax Honeymoon for You

Marriage is a major life event. One that comes with all kinds of change, including financial. After getting married, there is so much to consider, fro

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‘Master’ The Augusta Rule and Save Money on Your Taxes

Anyone who lives in a highly seasonal tourist destination knows you can make money on short-term rentals during events and festivities in your city or

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Reduce Your Taxes by Putting the Right Assets in Your IRA

Most people know the basic concept that certain types of investment accounts are tax sheltered while others are not. Think 401(k), 403(b), IRA and Rot

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U.S. Beneficial Ownership Information Reporting Begins

The U.S. Treasury recently enacted a new reporting requirement aimed at quashing illicit financial transactions. The agency believes that corporate an

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