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Accounting and Accountability

Feb 23, 2024

In this episode:

  • A breakdown of medical expense deductions.
  • Tax strategies for charitable giving.
  • Tax package passes in House but remains in Senate.
  • You can check on your federal tax refund at any time by visiting

We are visited by Michele L. Reynolds, CEO of Shelly Sons Electrical and author of “

Feb 9, 2024

In this episode:

  • The filing of the digital asset Form 3800 has been delayed.
  • A review of Shareholder Basis and what the IRS is focusing on.
  • What happens if you miss the Required Minimum Distribution (RMD) deadline.
  • A refresher of Net Investment Income Tax (NIIT).
  • Reminder that there is no statute of limitations on...

Jul 28, 2023

In this episode:

  • Inherited IRAs - Different rules on distribution requirements.
  • New IRS targets for LLCs and LLPs. 
  • Mortgage interest limitations on personal residence and secondary homes.
  • New IRS scam arriving in the mail. 
  • IRS says they will no longer be conducting surprise on-site visits. 

We are also joined in the...

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...

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...