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Accounting and Accountability

Nov 18, 2022

In this episode:

  • The many benefits of having an HSA (Health Savings Account).
  • Equipment purchased prior to year end must be placed in service prior to January 1, 2023 to be a tax benefit. 
  • The IRS still has a substantial backlog.  If you haven't filed yet, you should do so immediately to avoid filing a...

Nov 4, 2022

In this episode: 

  • Tax Planning tips for the end of 2022.
    • Charitable giving for tax savings.
    • Opportunities to offset tax on stock gains.
  • Inflationary increases for retirement plans have been released. 

We also hear the story of Nathan Mueller, who after a year of temptation, succumbed to the draw of stealing from...

Oct 21, 2022

In this episode we discuss:

  • Electronic vehicle credit qualifications have been further defined with remarkable limitations.
  • There are new proposed regulations for inherited IRA payouts.
  • IRS scams and aggressive attempts surrounding COVID relief funds are on the rise.
  • The latest information has been released on the...

Oct 7, 2022

In this episode we discuss:

  • The IRS is offering a Form 1023-EZ for nonprofits to apply for nonprofit status.
  • Payroll Protection Program funds that were received because of fraud may be taxed as taxable income.
  • New per diem rates have been defined for 2023.
  • Many taxpayers are still waiting for COVID relief funds...

Episode 50: ERTC program estimates $2 trillion in fraud

Sep 23, 2022

In this episode we discuss:

The Secure Act 2.0, which includes the EARN Act, is currently in Congress.  Listen in to hear how it may impact you and your business if passed.

October 17, 2022 is the deadline for filing your personal and calendar-year C-Corp returns.

Authorities estimate the ERTC program has resulted in...