Tax Services Archives - Page 6 of 11 - Walter Shuffain

Costs and Benefits of the Inflation Reduction Act for Real Estate & Construction

Costs and Benefits of the Inflation Reduction Act for Real Estate & Construction

The Inflation Reduction Act’s (IRA’s) expansion of key energy efficiency tax incentives – such as the 179D energy efficient commercial buildings deduction and the 45L new energy efficient home credit – is anticipated to have a significant impact on real estate and construction industry.…

Continue reading…

the top tax scams

The Top 12 Tax Scams to Avoid According to the IRS

Fraud. Scam. Phishing. Regardless of what you call these illicit activities, it’s important to protect yourself against the bad players that take advantage of weaknesses for their gain. Not only is it inconvenient, but there’s often a financial cost when…

Continue reading…

Tax Implications of Equity Compensation

Tax Impacts of Equity Compensation

Written by: David Bryant, CPA Have you received a job offer with an equity compensation package? Equity compensation can be an incredibly lucrative form of employment income, but it also may come with some unique tax consequences that should be…

Continue reading…

2023 Tax Bracket

Will your tax bracket change in 2023?

The IRS has released the updated tax brackets, deductions, and credits for the 2023 tax year. While tax filing for this year won’t happen until early 2024, it’s important to pay attention to your tax rate. Strategizing now can help…

Continue reading…

Tax planning for real estate investors

Real Estate Tax Update

Written by: Angela Parziale, CPA, MST As a real estate investor or owner, you’re always looking for ways to maximize your return on investment. Staying up to date on federal tax laws can be daunting, but knowing how taxes affect…

Continue reading…

2023 Mileage Rates

2023 Mileage Rates for Business Reimbursements

The IRS recently released the 2023 mileage rates for businesses to use as guidance when reimbursing workers for applicable miles driven within the year. The rates tend to increase yearly to account for rising fuel and vehicle and maintenance costs…

Continue reading…

Secure 2.0 Act

Secure Act 2.0 Updates Retirement Plans Starting in 2023

The new Secure Act 2.0 legislation expands upon the Secure Act of 2019 with updates to retirement savings plans across the country. Here’s what you need to know. Automatic Enrollment Requirements Plan sponsors of 401(k) and 403(b) plans will be…

Continue reading…

Taxes on Exercising Stock Options

Exercising Stock Options? Here’s What to Expect from a Tax Perspective

Written by: David Bryant, CPA and Joe Bellante, CPA If you’ve been awarded stock options from your employer, it’s essential to understand the tax implications of exercising them. In this post, we’ll break down the tax implications of stock options…

Continue reading…

individual tax planning

Individual Tax Planning: 6 Steps to take before year-end

As the year ends, taking action on potential ways to lower your individual federal tax bill for the year is important. While previous years have been rife with change, the tax code has seen minimal edits this year. Keep reading…

Continue reading…

tax liability

Time to Make Your Business Year-End Tax Moves

With increasing costs due to inflation putting a strain on cash flow, lowering your tax liability is one way to help your business. While there are often many tax changes in any given year, 2022 has been slow in comparison. …

Continue reading…