by abip CPAs & Advisors | Oct 5, 2023 | Individuals, News, Newsletter, Taxes
Receiving a sudden and sizable influx of cash may seem like a dream come true. It can be, but many people get carried away and end up in worse financial shape. If you’re hit with a financial windfall, here are some points you should know. Risky Conditions You...
by abip CPAs & Advisors | Oct 4, 2023 | Individuals, News, Newsletter, Taxes
The pandemic changed the landscape of work for a lot of people, including the numerous business owners who began running their businesses from their homes. Many are still working from their home offices, whether full-time or on a hybrid basis. If you’re self-employed...
by abip CPAs & Advisors | Oct 3, 2023 | Individuals, News, Newsletter, Taxes
With so many people working remotely these days, thinking about moving to another state has become common — perhaps for better weather or to be closer to family. Business owners might contemplate selling their business as part of an out-of-state move. Many retirees...
by abip CPAs & Advisors | Oct 2, 2023 | Business, News, Newsletter, Taxes
The IRS issued a notice last Thursday ordering an immediate stop to processing all new claims for the Employee Retention Tax Credit (ERTC). This comes amid a surge of questionable claims and concerns about aggressive marketing to ineligible taxpayers. Here are the...
by abip CPAs & Advisors | Sep 8, 2023 | Fraud, News, Newsletter, Taxes
The IRS is warning taxpayers about emails and text messages that promise refunds and credits, but that actually result in identity theft. Many current schemes involve the third Economic Impact Payment (originally made in 2021). Messages may also reference the Employee...
by abip CPAs & Advisors | Sep 5, 2023 | Individuals, News, Newsletter, Taxes
Despite the generally robust job market, some people are still losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. However, you may face tax implications due to your changed personal and professional...
