Foreign Asset Reporting for U.S. Taxpayers

Report of Foreign Bank and Financial Accounts

Taxpayers with foreign financial accounts have specific reporting requirements mandated by the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN). Whether you’re

Electric vehicle charging at a station, representing the debate over EV tax credits and their impact on sustainability and the economy

The EV Tax Credit Debate: A Look at Both Sides

The EV tax credit debate explores its benefits for sustainability and economic growth versus concerns over cost and market impact. Learn both sides of the argument and how policies have changed under different administrations.

Why CPAs’ Fees Have Increased

In recent years, major tax legislation—like the TCJA, CARES Act, and SECURE Act 2.0—has introduced new rules and credits, adding layers of complexity to tax planning. Alongside these changes, rising talent costs and the need for specialized expertise have led to an increase in CPA fees. This post dives into the reasons behind the cost increase, including the ongoing education required to keep up with shifting regulations, enhanced compliance measures, and the added value skilled tax professionals bring to clients navigating this evolving landscape.