Friedman + Huey is committed to keeping our clients up-to-date on the issues that impact them the most. From general accounting news, to regulatory updates that affect high net worth individuals and estates, we’ve got you covered.
Friedman + Huey Announces Partner Promotions
Friedman + Huey is pleased to announce the promotions of Jennifer Leon, CPA, MST, and Sylwia Nazar, CPA, MST, CDFA® to Partner, effective January 1, 2023.
Year-End Presents from Congress
As we start the new year, and we wish you a wonderful year, it is an opportunity to look at some year-end “presents” from Congress. This is not a sarcastic or...
Take Control of Your Legacy: Planning for Generational Wealth Transfer
Including the right team in your estate planning will help save you and your heirs time and money. Find out how.
Year-End Tax Planning Strategies for 2022
As the year-end approaches, take advantage of these tax planning strategies in the last month of 2022 to reduce your tax liability. Here is an overview of some strategies you may want to consider.
IRS Announces Increased Retirement Plan Contribution Limits for 2023
The IRS has released increased 2023 tax year contribution limits for retirement plans. Here are the new limits and how they may affect your strategy.
Do I Qualify for R&D Credit? …You May Be Surprised!
New research and development tax credit requirements went into effect on January 10, 2022. These new rules require more detailed proof that credits are valid. So, many businesses seeking the credit now face extra work.
The New 1099Ks Are Coming: Are You Ready?
With the new lower thresholds for transactions through eBay, Zelle, Venmo, PayPal, and other platforms, more businesses and individuals may receive a new Form 1099-K come January 2023. Here’s what you need to know.
Business Tax Implications of the Inflation Reduction Act (IRA)
The Inflation Reduction Act (IRS) passed the House of Representatives and was signed into law August 16. Read on to learn about how these provisions could impact your business.
Don’t Leave Employee Retention Credit Relief on the Table
Many businesses thought they didn’t qualify for the Employee Retention Credit but later found out they did. The good news is businesses can still file for and claim the ERC on amended tax returns through 2024.