Should you file a gift tax return?

Mar 29, 2022

By Zachary T. Payne, CPA Tax Supervisor If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. In some cases, even if it’s not required to file one, it may...

Should you file a gift tax return for 2021?

Feb 23, 2022

If you made large gifts last year, you may be required to file a 2021 gift tax return. Even if it’s not required, it may be beneficial to file anyway.

How will revised tax limits affect your 2022 taxes?

Jan 13, 2022

There are tax changes that may affect your tax situation for 2022, even if Congress didn’t pass the Build Back Better Act in 2021.

Proposed tax law changes pose major impact on estate planning

Oct 25, 2021

By Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services Tax proposals put forth during presidential campaigns often are watered down significantly by the time they get to the legislative stage, and those favored by President Joe Biden are no...

Changes to auditor’s report aimed at visibility and transparency

Oct 25, 2021

By Frank T. Ardito, CPA Vice President & Director When you receive your audited financial statements for the year ended December 31, 2021, there will be a change to the auditor’s report. The American Institute of Certified Public Accountants (AICPA) Auditing...