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.
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.
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.
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.
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.
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.
Buying property and selling after it’s appreciated is a wealth-building strategy that has been around for centuries. It’s even better if that property can make you money through rental income.
Taxes are a constant for any business. Planning for your taxes is an important business function that allows you to make decisions to maximize your tax deductions and save your business on taxes.
Have you heard about The Great Reconsideration? If not, it’s a real thing, and it’s something you need to evaluate if you’re closing in on retirement or thinking about doing so early.
The U.S. House of Representatives recently passed Securing a Strong Retirement Act, H.R. 2954, also called the SECURE (Setting Every Community Up for Retirement...