Accede CPAs

In addition to the proposed changes in tax rates and tax brackets, there are numerous proposals for changing rules that affect deductions from income to arrive at the actual income to be taxed.

Check out the proposed changes in the House and Senate tax plans.

One of the first tasks in creating a combined version of the Senate and House tax proposals will be to agree upon the tax rates and tax brackets. The versions are within sight of each other in the range of rates, but the difference between four rates and seven creates a major distinction in the […]

Using the correct filing status is very important when you file your tax return. You need to use the right status because it affects how much you pay in taxes. It may even affect whether you must file a tax return.

The premium tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. To be eligible for the credit, you generally need to satisfy three rules.

Some people must pay taxes on part of their Social Security benefits. Others find that their benefits aren’t taxable. If you get Social Security, the IRS can help you determine if some of your benefits are taxable.

If you plan to claim a deduction for your medical expenses, there are some new rules this year that may affect your tax return.

Every year, the IRS releases a “Dirty Dozen” list of tax scams for taxpayers to pay attention to. Falling for these scams, such as identity theft or phishing, can cause people to lose money, face penalties or, even, face criminal charges.

If you plan to hire soon, consider hiring veterans. If you do, you may be able to claim the federal Work Opportunity Tax Credit worth thousands of dollars. You must act soon. The WOTC is available to employers that hire qualified veterans before the new year. Here are six key facts about the WOTC: Hiring […]

The IRS provides extensive and useful information at its IRS.gov website to help educate staff and Boards on the requirements and pitfalls of starting, maintaining and running a tax exempt organization.