Archive

Monthly Archives: April 2024

Benefits of Working with Recruiting Specialists to Fill Finance, Accounting Positions by Mari Luque-Hanchett


Posted on April 30, 2024 by Joseph Saka

Businesses spend significant time and resources recruiting and hiring professionals for accounting and finance positions. In the current job market, the entire process can take more than six months. To reduce these burdens and enable your company’s executives to focus their efforts on growing your business, consider working with a third-party recruiting firm specializing in […]

Are you Ready for Tax Changes Ahead? by Michael Brennan, CPA


Posted on April 25, 2024 by Michael Brennan

Many of the taxpayer-friendly provisions of the tax code introduced by the Tax Cuts and Jobs Act (TCJA) in 2017 are set to expire at the end of 2025, exposing individuals and businesses to the prospect of significantly higher tax liabilities beginning in 2026. While it is possible lawmakers will intervene and extend some provisions […]

IRS Begins Audits of Business Aircraft Use by Joseph Leocata, JD, CPA, MBA


Posted on April 17, 2024 by Joseph Leocata

The IRS has begun auditing the use of corporate jets to ensure taxpayers properly allocate business use from personal use for tax purposes. These efforts are part of the agency’s larger strategic plan to increase audit enforcement and improve tax compliance among large corporations, partnerships and high-net-worth individuals. Under current law, businesses may deduct certain […]

Recognizing When You are a Victim of Identity Theft by Brandon Bowers


Posted on April 11, 2024 by Brandon Bowers

The headaches individuals must confront when they are victims of identity theft are complicated by the length of time those crimes go unrecognized. Too often, these scams play out over months and even years without detection. By that point, however, your personally identifiable information (PII) can be in the hands of criminals and the dark […]

Tax Credits for Clean Vehicles Change in 2024 by Brendan Kurpis, CPA


Posted on April 09, 2024 by Brendan Kurpis

Effective Jan. 1, 2024, it is easier for individuals to claim federal tax credits for the purchase of new electric, plug-in hybrid and fuel-cell electric vehicles, but there are fewer cars and trucks that qualify for the full $7,500 credit this year. The clean vehicle tax credit was amended in 2022 as part of the […]