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Accounting and Accountability

Jun 2, 2023

In this episode:

  • The IRS is still revealing plans for the $80B of Congressional support.
  • We review what amended returns are and the current IRS processing timelines.
  • The next due date for estimated taxes are June 15th.  
  • We discuss why timely estimated tax payments are so important.
  • The possible add-back of Maryland...

May 19, 2023

In this episode:

  • A review of clean property and energy efficient tax credits that are available now.
  • Tax strategies and savings opportunities for hiring your children.
  • HSA contribution limits are on the rise.
  • Donations of vacation homes for charitable events are not tax deductible. 


We are joined by Todd Roselle,...

May 5, 2023

In this episode:

  • 1099K reporting changes may be on the horizon for 3rd party payment users.
  • The electric vehicle tax credit has been updated.  For full details, please read our blog article at Discover the Tax Benefits of Owning an Electric Vehicle on our website.
  • Tax estimators are available on the IRS website to...

Apr 21, 2023

In this episode:

  • The IRS has released a 150-page blueprint for the $80B of approved spending.
  • Last call for any 2019 returns with refunds to be filed.  They must be filed by 7/17.
  • Form 944 may be being eliminated for business filers. 

We also speak with Ritchie Thurman, President of Arbor Care Plant & Turf. ...

Apr 7, 2023

In this episode:

  • Tax Day is April 18, 2023 this year.
  • A breakdown of Capital Gains, Like-Kind Exchanges and related strategies.
  • Social Security wage base is on the rise. 
  • IRS penalties and interest are high if you don't pay by April 18th, regardless of extension status.


We also hear the story of the "The Welfare...