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 taking care of some tax-related matters. However, all accountants with some training and experience can perform an extensive range of

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

2021 Tax Changes

If you haven't started already, it's time to begin thinking about your 2021 tax return. After all, the more tax planning you do, the more money you may be able to save. However, proper tax planning requires an understanding

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

What you can expect in the 2021 Tax Season

The Internal Revenue Service (IRS) will soon start accepting federal tax returns for fiscal year 2020. The coronavirus pandemic and the many pandemic-related relief measures passed last year make this a unique tax season for taxpayers and the IRS. Congress

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