by Bronswick Benjamin | Feb 7, 2024 | Blog
Crossing the $100,000 income threshold is an exciting milestone. It’s an important step toward building lasting wealth. Yet wealth encompasses much more than just your annual income – it’s the culmination of all the assets you accumulate over...
by Bronswick Benjamin | Sep 13, 2022 | Blog, News
The IRS on August 23, 2022, announced it will grant automatic penalty relief for late-file penalties imposed with respect to certain returns required to be filed for the 2019 and 2020 tax years. Notice 2022-36 provides systemic penalty relief to taxpayers for certain...
by Bronswick Benjamin | Aug 23, 2022 | Blog, News
President Biden signed the Inflation Reduction Act into law at a White House ceremony on August 16, finalizing a legislation intended to address inflation by paying down the national debt, lower consumer energy costs, provide incentives for the production of clean...
by Bronswick Benjamin | Jul 5, 2022 | Blog, News
Businesses that invest in research and development, particularly those in the technology industry, should be aware of a major change to the tax treatment of research and experimental (R&E) expenses. Under the 2017 Tax Cuts and Jobs Act (TCJA), R&E expenditures...
by Bronswick Benjamin | May 31, 2022 | Blog
How does the IRS go about applying penalties and interest to taxpayers? In this article we’ll be discussing the 4 types of penalty charges, and how the IRS goes about applying them. For clarity: Original Due Date = Generally April 15th for Individual Taxpayers...
