Identity theft is all around us and tax-related identity theft can be particularly stressful. If someone fraudulently files a tax return using your Social Security
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.
If you’ve been impacted by a hurricane, like Hurricane Debby or the more recent Hurricane Helene, I want to make sure you’re aware of the tax relief that’s available to help ease some of the burden during this difficult time.
In today’s economic environment, considering a Roth IRA conversion is more important than ever. With the government deficit at historic highs, it’s reasonable to expect that tax rates may rise in the future
The failure of the Tax Relief for American Workers and Families Act to pass in the Senate adds to the uncertainty surrounding the tax treatment of R&D expenses.
With the potential sunsetting of TCJA provisions in 2025, we want our clients to consider some planning tips.
Let’s debunk the myths surrounding tax extensions and understand the benefits they offer.
The kiddie tax applies to unearned income (investment income) exceeding a certain threshold. For 2024, if your child’s investment income surpasses $2,600, it will be taxed at your highest marginal tax rate.
In the ever-evolving realm of business regulations, the Corporate Transparency Act (CTA) has emerged as a pivotal player, ushering in new reporting standards for U.S. businesses. With a focus on beneficial ownership, the CTA demands attention and action from companies, including clients of Rose Group CPAs.
Retirement accounts are a cornerstone of financial planning for the future, yet they can often feel like a maze of acronyms and options. What exactly are 401(k)s, IRAs, and Roths, and how do they benefit us? Let’s break it down.
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