IRS List of “Dirty Dozen” Tax Scams Around this time every year, the IRS releases their list of tax scams that they like to call the “Dirty Dozen.” This list consists of the current top tax scams that the IRS wants to make the public and accounting...

Accounting STEM Pursuit Act As technological advances have changed so much of what accountants do and how we do it, the AICPA is addressing this from an educational standpoint by strongly supporting the Accounting STEM Pursuit Act of 2021. This act would establish...

Tax Preparer Legislation Update The Tax Protection and Preparer Proficiency Act, a new bill introduced to the House of Representatives regarding tax preparer regulations, has been in the works for quite awhile.  You may or not remember, but 10 years ago in 2011, the...

Are Your Accounting Skills Up To Par? In an effort to improve the skills of the accounting profession and to keep those skills relevant, the AICPA and NASBA recently reported that they have found major gaps in accounting education. During the discovery by the AICPA’s...

Preparing Your Business for the Post-Pandemic Economy As we’re all unfortunately aware, the COVID-19 pandemic has been life altering for many businesses, causing many to close under the pressure.  However, now that the United States has lessened the restrictions that...

Opting Out Of The Advanced Child Credit As you may or not be aware, The American Rescue Plan, signed into law on March 11, 2021, expanded the Child Tax Credit for 2021 in order to get more help to more families.  The Plan increased the Child Tax Credit from $2,000 per...