by Anthony Imbimbo | Jan 30, 2024 | Uncategorized
Tax season is upon us and here are some things you might need to give to your tax professional Besides the W-2’s and 1099’s that you receive, parents of students (and those that are students) may have tax benefits that they should definitely be taking...
by Anthony Imbimbo | Jan 21, 2024 | Uncategorized
THE LLC For new and existing business owners the latest trend is to form a Limited Liability Company (LLC). Advertisers and promoters are calling it the magic bullet for protecting yourself and to have a tax advantage. The real news is that business owners in...
by Anthony Imbimbo | Jan 11, 2024 | Uncategorized
IRS Accepting 2023 E-File Tax Returns Beginning January 29, 2024 The IRS will be accepting 2023 E-File tax returns beginning January 29, 2024. Taxpayers should consider using a tax professional to help them with their 2023 taxes instead of the “Box”. Box...
by Anthony Imbimbo | Jan 8, 2024 | Uncategorized
Deadline Looming to File Forms 1099 and W-2 Happy New Year! I wanted to reach out to you to remind you that 2023 year-end tax statements Forms 1099, and Form W-2, are due on or before January 31, 2024 and I am here to help you. If you had independent contractors/day...
by Anthony Imbimbo | Jan 3, 2024 | Uncategorized
The IRS has updated the tax deductible mileage rates for 2023. For business miles it is $0.65.5 per mile driven. Medical Mileage rate is $0.22 per mile and Charity and Moving is $0.14 per mile. For 2024, the the rates change slightly, for business miles, it increases...
by Anthony Imbimbo | Jan 3, 2024 | Uncategorized
Have you heard about the new, required Federal government reporting requirement called the BOI (Beneficial Ownership Information Report)? The Financial Crimes Enforcement Network (aka FinCEN) is a new arm of the Department of the Treasury that was created to...
