What are the Differences Between an Accountant and a CPA?

What is Accounting? Accounting is basically the recording and reporting of financial transactions. Anyone who does accounting functions can call themselves an accountant, even without a professional degree in accounting, although usually, an accountant does have an accounting-related degree. Often, accountants with no certification perform tasks such as bookkeeping, looking after general accounting matters, and

April 8th, 2022|Taxation|

The Way-Too-Early Look Forward to Tax Year 2022 

The Internal Revenue Service has announced annual inflation adjustments for the tax year 2022, meaning new tax-rate schedules and tax tables and cost-of-living adjustments for various tax breaks. Most numbers are up more than in recent years because of higher inflation. Note: These numbers, for the tax year beginning January 1, 2022, are what you’ll

March 4th, 2022|Taxation|

Characteristics Of Too-Good-To-Be-True Tax Planning Strategies

As CPA’s, we are constantly bombarded by on-line or in-person solicitations for the next great Tax Avoidance Strategy. Just as frequently, we have clients that have pursued these strategies after attending a free-lunch seminar or heard it from a well-meaning neighbor. We will then spend an hour or more researching the strategy only to find

June 5th, 2021|Taxation|
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