Featured Articles & Tax Tips Blog

Welcome to the CPA Advisory Group’s Featured Articles Blog. Here we share tax and accounting news and tips for our clients on a regular basis. Please feel free to suggest ideas for topics you would like to see addressed, by dropping an email to info@cpaagi.com. Enjoy the articles and subscribe to our newsletter for periodic email updates.

20 tech experts share how to protect your identity online

20 tech experts share how to protect your identity online

From Forbes– By the Forbes Technology Council – As consumers, we’ve likely run across cautionary tales and product ads focused on identity theft in a variety of media, from television commercials to podcasts and online news sources to local radio. It’s not surprising...

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Harris win could supercharge $90 trillion Great Wealth Transfer

Harris win could supercharge $90 trillion Great Wealth Transfer

From Fortune – By Jane Thier – It’s good to be young. Even better if you have rich parents. But they’ve got to act quickly: If Democratic nominee Kamala Harris is elected in November—which many polls predict will happen—ultra-wealthy parents will have a much harder...

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Converting a $640k 401(k) to a Roth IRA: Can I avoid taxes?

Converting a $640k 401(k) to a Roth IRA: Can I avoid taxes?

From Smart Asset – By Mark Henricks –  Converting a 401(k) to a Roth IRA can potentially provide valuable long-term benefits, but it also triggers a tax bill that you’ll need to plan for. While the taxes on a Roth conversion can’t be avoided, savers can reduce the...

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A tax deduction business owners love is set to expire in 2025

A tax deduction business owners love is set to expire in 2025

From Marketplace – By Kimberly Adams –  Many provisions of the 2017 tax law are set to expire at the end of 2025. Advocates are already attempting to convince Congress to extend or make permanent key provisions, even as concerns about the growing budget deficit make...

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Tax payments by undocumented immigrants study released

Tax payments by undocumented immigrants study released

A Report from the Institue on Taxations and Economic Policy – July 30, 2024 –  Key findings: Undocumented immigrants paid $96.7 billion in federal, state, and local taxes in 2022. Most of that amount, $59.4 billion, was paid to the federal government while the...

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