Prepare for tax season with this year-end checklist for businesses and individuals. Review finances, maximize deductions, and get organized before 2026.
The passage of OBBBA brings important updates to individual taxes. Here’s what you need to know for effective financial planning.
Donovan CPAs launched international tax services to help individuals and businesses navigate cross-border taxes with clarity, confidence, and care.
If your non-profit organization has been receiving generous donations from a single donor, you may reach the tipping point between being a public charity and a private foundation. Discover effective strategies for diversifying donations and monitoring public support to ensure your organization remains on track with its mission.
2022 marked our 50th year in business, and like fine wine, we’re only getting better with time. Here’s a breakdown of our exciting and successful year.
The Secure 2.0 Act brings significant changes to retirement planning. From increasing the Required Minimum Distribution (RMD) age to boosting catch-up contributions, these updates are designed to make saving for your future easier and more flexible. Here’s what you need to know.
There are several tax proposals being discussed by the House Ways and Means Committee as part of the upcoming $3.5 trillion legislation expected to be voted on this month. If passed, The Build Back America Better Act would be designed with the intent to increase taxes on high income earners.
The American Rescue Plan Act signed into law this past March expanded the Child tax credit from $2,000 per child to $3,000 per child ($3,600 for children under 6). In addition, the law allows for ½ of the credit to be paid out monthly. In July the IRS began issuing
Taxpayers who did not receive their first or second stimulus payments in 2020, were allowed to claim it as a credit on their 2020 income tax returns if their income (AGI) was below the phaseout thresholds. This credit is called the Recovery Rebate Credit and was claimed by a large
What this means for you: Federal deadline for filing tax returns moved to May 17th. We expect states will soon follow If you owe 2020 taxes, payments are now due May 17th We expect Q1 2021 tax estimates to be due on May 17th, rather than April 15th Why did the
