Blog
Sandra G. Johnson, CPA, EA Appointed to IRS Taxpayer Advisory Panel
Helping the IRS Address Systemic Issues We are pleased to announce that Sandra G. Johnson has been appointed to the IRS Taxpayer Advisory Panel (TAP) for a three-year term. The TAP is a federal advisory committee that works closely with
Why Use a CPA? Understanding the Value of Professional Accounting Services
Why Use a CPA? Understanding the Value of Professional Accounting Services In today’s complex financial landscape, managing personal or business finances can be overwhelming. While some people choose to tackle accounting and tax preparation on their own, working with a
Navigating 2025 Retirement Contribution Rules: What You Need to Know
Navigating 2025 Retirement Contribution Rules: What You Need to Know As we approach the 2025 tax year, it’s essential to stay informed about retirement contribution limits and the adjustments designed to help Americans maximize their retirement savings. The IRS has
How To Keep Your Small Business Records Organized
How To Keep Your Small Business Records Organized For any small business, keeping financial records organized is crucial. Properly maintained records help you keep track of your financial health. Here are some practical tips to ensure your small business records
Understanding the Differences in Taxation of S-Corps, Partnerships, and Sole Proprietorships at the Federal Level
Understanding the Differences in Taxation of S-Corps, Partnerships, and Sole Proprietorships at the Federal Level Sole Proprietorship Pass-Through Taxation: As a sole proprietor, you report all business income or losses on your personal tax return (Form 1040) using Schedule C.
Understanding the Tax Implications of Home Improvements
Understanding the Tax Implications of Home Improvements Home improvements can make your living space more comfortable, increase the value of your home, and provide potential tax benefits. However, not all home improvements qualify for tax breaks, so it’s essential to