Blog

The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022.

When people go through a legal separation or divorce, the change in their relationship status also affects their tax situation. The IRS considers a couple married for filing purposes until they get a final decree of divorce or separate maintenance.

Some people are under the misconception that Social Security benefits are always free from federal income tax. So they may be surprised to learn that benefits may be taxed in retirement. Here are the rules.

Following intensive work during the past several months, the Internal Revenue Service announced that processing on a key group of individual tax returns filed during 2021 will be completed by the end of this week.

Eakes & Company CPAs is seeking a full-time Staff Accountant

A successful plan to pass wealth on to future generations takes effective communication delivered with a dose of sensitivity.

Individuals who have a life insurance policy probably want to ensure that the benefits their families will receive after their deaths aren’t included in their estates. That way, the benefits won’t be subject to the federal estate tax. This article discusses the ins and outs of life insurance plans and estate taxes

For the most part, property you inherit isn’t included in your income for tax purposes. However, certain items may have to be included in your income, although you may also be entitled to a deduction on account of them.

A vacation home is more than just a place to relax. It also may provide tax breaks. Here are the rules if you rent it out for part of the year.

Is your business paying too much for insurance? It’s entirely possible. Here are five cost-cutting tips to consider.

April 18 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year.

To help ensure financial security in retirement, saving now on a tax-favored basis is a smart move. And if you qualify, you still have time to contribute to an IRA or SEP and save on your 2021 tax return.

If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2021 donations. But what happens if you haven’t received such a letter? Can you still claim a deduction for the gift on your 2021 income tax return? It depends.

Many families with young children will get a bigger tax credit for last year’s childcare expenses.

How much can you contribute to a 401(k) plan for 2022? How much is the standard deduction? How much do you have to earn this year before you can stop paying Social Security on your salary? Here are some answers to these and other tax-related questions for 2022.

The year ahead poses both challenges and opportunities for every business’s sales staff. Evaluate each team member’s strengths and weaknesses now to improve your odds of a successful 2022.

If you have a flexible spending account, you may want to schedule a trip to the dentist, buy new eyeglasses or have elective medical procedures performed. Here’s why.

Business owners, you can sharpen your marketing efforts through the effective use of competitive intelligence.

The Internal Revenue Service announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions

Hourly Minimum Wage Will Increase to $15 Effective Jan. 1