by Tabitha Regan, CPA | Feb 13, 2024 | Individual Tax
Each year, many individual taxpayers are shocked at who can be claimed as a dependent – as well as who can’t. In other words, tax dependents are not just young kids! In 2023, there are more incentives for claiming dependents, especially while paying for their medical...
by Tabitha Regan, CPA | Jan 29, 2024 | Small Business
Our tax experts have gathered top tips for bonus depreciation, vehicle limits, special bonus depreciation allowance, and depreciable business purchases. Accelerated depreciation methods, including Section 179 expensing and bonus depreciation, offer valuable tax-saving...
by Tabitha Regan, CPA | Jun 9, 2023 | Small Business, Tax Planning
Rental properties can be an excellent source of income and wealth accumulation for investors. However, understanding the tax implications and leveraging the available tax benefits is essential for optimizing returns. One crucial aspect of tax planning for rental...
by Tabitha Regan, CPA | May 26, 2023 | Individual Tax, Tax Planning
Congratulations on your recent wedding! As you embark on this exciting journey together, it’s crucial to lay a strong foundation for your financial future. Combining your lives also means combining your finances, and understanding the implications of this step...
by Tabitha Regan, CPA | May 12, 2023 | Individual Tax
Receiving a tax notice from the IRS can be an unsettling experience. However, it’s crucial to remember that receiving a notice doesn’t necessarily mean you’ve done something wrong. The IRS sends out notices for various reasons, including...
