A federal electric vehicle tax credit is not a totally new innovation, but it has been modified by the 2022 Inflation Reduction Act to expand its effects moving forward. The new legislation aims to ma…

While hiding one’s head in the sand can feel better than actually dealing with the problem of tax debt after an IRS Audit, it needs to be dealt with sooner rather than later. Especially if a taxpayer …

The Senate passed the Inflation Reduction Act through the budget reconciliation process, requiring the votes of all 50 Senate Democrats and a tie-breaker vote from Vice President Harris. The House vot…

Nearly 23 million California residents can expect to receive a payment as part of Governor Newsom’s new inflation relief package. Similar to the Golden State Stimulus checks received in 2021, Californ…

GoDaddy bookkeeping clients recently received a surprising notice from the web hosting company: GoDaddy will permanently retire its online bookkeeping software. The news comes as quite a shock, especi…

You might be searching for a new accountant next tax season if your current one follows the trend of others in the wake of the Great Resignation. This upward trend reached a fever pitch in 2021 with m…

Delayed processing means delayed refunds, which can cause a lot of headaches and stress for individuals, families, and businesses that rely on their refunds to fill the gaps and pay for necessary expe…

Since the IRS is now requiring digital payment services to report business transactions over $600, you'll need to be even more diligent about tracking income. This applies to freelancers, sole proprie…

What are the letters 6475 and 6419? These letters are not a cause for concern. However, they are important for your tax filing, so make sure you hold on to them. This is especially critical given that…