BA Tax ProsFeb 91 minChanges to Income Tax Brackets for the 2023 Filing YearWhile there are still 7 tax rates, the income ranges (tax brackets) for each rate have shifted slightly to account for inflation. For...
BA Tax ProsJan 261 minUnlocking the Home Office Deduction: Understanding Key CriteriaTo benefit from a Home Office Deduction, specific criteria must be met, and a designated portion of your home must be utilized in one or...
BA Tax ProsJan 103 minNew requirement for most businesses: Beneficial Ownership Reporting Under Corporate Transparency ActBeginning on January 1, 2024, many companies in the United States will have to report information about their beneficial owners (i.e.,...
BA Tax ProsDec 4, 20232 min2023 Tax Planning: Standard vs. Itemized DeductionsThere are two ways you can take deductions on your federal income tax return: you can itemize deductions or use the standard deduction....