News and Events

As you soak in the sun this summer, do not forget that some of your fun activities may have surprising implications on your taxes next year. Whether you are renting out your home, embarking on home improvements, investing in energy efficiency, or sending your children off to day camp, understanding the tax impacts of these […]

As a client of ours, we want to keep you informed about the latest fraudulent scams that are hitting taxpayers across the nation. The Internal Revenue Service (IRS) has recently alerted citizens to be wary of a new hoax involving counterfeit mailings that deceitfully claim taxpayers are entitled to unclaimed refunds. These scam letters, typically […]

We want to inform you that our invoices have undergone a design overhaul and will now appear in a different format. Please rest assured that this is a deliberate upgrade intended to improve clarity and ease of use.

Understanding the jargon; ASC 842 or Topic 842 is a new standard of lease accounting, brought into effect by the Financial Accounting Standards Board (FASB). At its core, ASC 842 aims to increase transparency and comparability among organizations by requiring lessees (those who lease property, plant, and equipment) to recognize assets and liabilities arising from […]

Peer-to-peer (P2P) payment platforms like PayPal, Venmo, or Cash App are revolutionizing the way we handle money. With a few taps on your phone, you can effortlessly transfer funds to friends or pay for services. It is almost like having a personal banking branch in your pocket. However, with great convenience comes great responsibility, especially […]

Our offices will be closed on Monday, July 3rd & Tuesday, July 4th, 2023 in observance of Independence Day. We will resume our regular hours Wednesday, July 5th at 8am. We hope everyone has a happy and safe holiday!

In the world of retirement planning, a backdoor Roth IRA is often touted as a useful strategy for high-income earners to save more tax-free money for their golden years. However, while this method can be highly beneficial, it also carries potential pitfalls that could lead to unnecessary tax complications and financial penalties. Below are three major […]

What are estimated tax payments? Do you need to make estimated tax payments? How much should your estimated tax payments be? These are common questions an individual may ask their tax advisor.   Click here to read more about estimated tax payments. Submitted by: Frank Williams Sources: https://jmtaxlaw.com/article-on-estimated-tax-payments-by-denver-tax-attorney/ and

We welcome Tommy Harkey aboard as a staff accountant. After graduating from high school, he joined and served in the Marine Corps. Tommy graduated from Lenoir-Rhyne University in May of 2023 with a bachelor of finance and business management. He and his beautiful wife, Makayla, have been married for a little over 3 years. They attend […]

Do you use your car for business, medical, moving or charitable purposes? If so, you’ll want to be aware of the updated standard mileage rates. The IRS adjusts these rates annually, reflecting changes in the cost of operating a vehicle. Remember, you have the option to use the standard mileage rates or actual expenses to […]