Our Blog

The IRS has announced significant inflation adjustments for the 2025 tax year, impacting standard deductions, income tax brackets, and various tax credits. These changes offer potential tax savings for individuals and businesses, making proactive tax planning more important than ever. Discover how the updates could affect your tax strategy and financial future.

Beware of a new IRS scam involving clean energy tax credits, where scammers are misrepresenting the rules to unsuspecting taxpayers. Learn how this scam works and discover tips to protect yourself from falling victim.

Dustin Stamper, a managing director at Grant Thornton, has warned that the IRS, having received $60 billion over 10 years in addition to its annual appropriation, is now able to hire more experienced workers to conduct audits on both companies and individuals. The IRS is currently offering higher pay to attract midcareer professionals who can immediately contribute to the audit team. Stamper anticipates a surge in audit activity in the near future, and anticipates that high-income individuals, partnerships, and C corporations will see the most significant increase in examinations. The IRS will also focus on issues such as research and development credits, partner capital accounts, energy credits, and digital assets in its audits.

Here are answers to seven tax season questions we receive at this time of year. What are this year’s deadlines? The filing deadline to submit 2023 returns or file an extension is Monday, April 15,

Reconciling bank accounts is critical to ensuring the accuracy of your company’s accounting records. The primary purpose of a bank reconciliation is to confirm that the transactions recorded in your bank statement match those shown

In light of the Corporate Transparency Act, enacted on January 1, 2021, we aim to inform you about significant changes to anti-money laundering legislation and the introduction of new reporting requirements for certain U.S.-based businesses.