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...