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Virtual Currency Lands in the IRS’s Crosshairs
June 21st, 2023
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Tax
While the value of virtual currency continues to fluctuate, the IRS’s interest in it has only increased. In 2021, for example, the agency launched Operation Hidden Treasure to root out […]
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When Can Seniors Deduct Medicare Premiums on their Tax Returns?
June 16th, 2023
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Tax
If you’re age 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be […]
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Three Tax Credit Opportunities for Manufacturers Under the Inflation Reduction Act
June 13th, 2023
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Tax |
Tax Credits
In 2022, Congress passed the Inflation Reduction Act (IRA), a broad piece of legislation featuring provisions to advance clean energy production and domestic manufacturing capacity. Changes to tax credits and […]
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Does Your Municipality Need Bank Reconciliations? Ensure Your Records Match the Bank’s.
June 8th, 2023
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By Rod Taylor |
Accounting & Outsourced Solutions |
Consulting
A bank reconciliation is a process that compares the records of a local government’s bank account with the local government’s financial records. When a local government makes a deposit […]
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What’s in the Fiscal Responsibility Act?
June 5th, 2023
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Accounting & Outsourced Solutions |
Consulting
President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). The Fiscal Responsibility Act (FRA) suspends — […]