Individual Tax Planning Strategies
In continued response to the effects of Covid-19, we have seen numerous changes in tax law signed into tax law during 2021. As we near the end of the year, it is an excellent time to review this year’s changes and consider available tax-planning strategies to avoid any [...]
DHA CPAs + LeaseCrunch
We’re excited to announce our partnership with LeaseCrunch, the easiest lease accounting solution on the market. As we vetted software to help you, our clients, implement the new lease standard, we reviewed several options and believe LeaseCrunch is the right choice. LeaseCrunch helps you streamline adopting ASC 842, [...]
Why Your Business Needs a Tax Plan
As 2021 is coming to a close, we invite you to make the most of year-end tax planning. Businesses faced a difficult year in 2020, and many are still recovering from it. Federal and state governments have passed several pieces of legislation in response to the pandemic, and [...]
New Lease Accounting Standard Reminder
Just a reminder the Financial Accounting Standards Board (FASB) previously issued Lease Accounting Standard as codified in Accounting Standard Codification (ASC) No. 842, is fast approaching for nonpublic entities maintaining GAAP financial statements. Effective January 1, 2022, ASC 842 fundamentally changes the accounting for lessees with operating leases [...]
New Monthly Child Tax Credits – Understanding the Impact on Your Tax Liability and Knowing When to Opt-Out
Beginning July 15, all eligible households will start receiving the advanced Child Tax Credit payments every month through December of this year. These payments represent 50% of the estimated Child Tax Credit you may claim on your 2021 income tax return. Eligibility for these payments is based on [...]
ARP Legislative Summary
On Thursday, March 11th, President Biden signed the $1.9 trillion COVID relief bill, the American Rescue Plan (ARP). This is a tremendously large piece of legislation and there is a lot to unpack, but we wanted to call your attention to a few key items that are particularly [...]