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.

Plan for new accounting rules on software costs moves forward

Plan for new accounting rules on software costs moves forward

From the Wall Street Journal — By Mark Maurer —  U.S. companies may need to report cash amounts tied to their software expenditures, more of which would be moved off corporate balance sheets under a forthcoming proposal to update decades-old accounting rules. The...

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Tax scam and consumer alerts from the IRS

Tax scam and consumer alerts from the IRS

From the Internal Revenue Service (IRS) —  Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone and email to set up individuals, businesses, payroll and tax professionals. The...

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Amended tax return: How and when to file IRS Form 1040-X

Amended tax return: How and when to file IRS Form 1040-X

From Forbes— By Janet Berry-Johnson —  Realizing you made a mistake on your tax return? Don't panic. If you overlooked a valuable deduction, say, or forgot to report some of your income, you can simply file an amended return. Amending your return to correct a mistake...

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Retirement: 15 changes to 401(k)s and other accounts for 2024

Retirement: 15 changes to 401(k)s and other accounts for 2024

From FinanceBuzz.com— By Adam Palasciano — With 2024 already underway, some substantial changes to retirement plans are in effect. These modifications could significantly impact your financial strategies. Maybe you were considering retiring early, but the new options...

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Five tax myths you need to stop believing

Five tax myths you need to stop believing

From GOBankingRates — By Dave Ramsey — There are a lot of tax myths floating around because many people do not understand how their taxes work. Some you may have heard from family, friends or even a social media influencer. In this article, GOBankingRates examines...

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Stressed about taxes? Blame the ancient Egyptians

Stressed about taxes? Blame the ancient Egyptians

From Smithonian Magazine – By Kate McMahon —    From mummified pharaohs to the Great Pyramid of Giza, ancient Egyptian iconography dominates the modern world. But few realize that the Egyptians also left behind a more practical legacy: taxes and the principles...

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