Featured Articles & 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.

High inflation: How long will it last?

High inflation: How long will it last?

From Pinnacle Wealth Planning Services, Inc. —  In March 2022, the Consumer Price Index for All Urban Consumers (CPI-U), the most common measure of inflation, rose at an annual rate of 8.5%, the highest level since December 1981.1 It's not surprising that a Gallup...

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National Small Business Week: Plan to use ’22 tax benefits

National Small Business Week: Plan to use ’22 tax benefits

From IRS.gov —  Enhanced deduction for business meals, home office and more available this tax year WASHINGTON — The Internal Revenue Service on Monday, May 3, urged business taxpayers to begin planning now to take advantage of the enhanced 100% deduction for business...

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Tax tips for entrepreneurs with startup small businesses

Tax tips for entrepreneurs with startup small businesses

From NextAvenue.org —  As she celebrates one year in business, Patricia Wynn gets expert advice on how to tackle taxes | By Leslie Hunter-Gadsden | For new small business owners like Patricia Wynn, April signifies not only spring but also filing taxes for their...

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What to expect for tax refunds from the IRS this year

What to expect for tax refunds from the IRS this year

From the IRS —  The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it’s possible your tax return may require additional review and take longer. The IRS' Where’s My Refund? tool has the most up to date information available about your refund....

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Financial literacy: Protect yourself from scammers

Financial literacy: Protect yourself from scammers

From the Federal Trade Commission —    April kicks off Financial Literacy Month, which is often about managing your money and building savings. But this month, we want to talk about protecting what you have, and what you’re building, from scammers. Scammers are good...

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Cybersecurity advice: Protect your connected devices, accounts

Cybersecurity advice: Protect your connected devices, accounts

Consumer Advice from the Federal Trade Commission —  For so many of us, cell phones and computers are embedded in our personal and professional lives. We talk and text, we browse the web, we watch, and we create. Our devices store a lot of personal information, so...

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Federal Income Tax Returns Due April 18 for Most

Federal Income Tax Returns Due April 18 for Most

From Pinnacle Wealth Planning Services —  Federal income tax returns are due for most individuals on Monday, April 18, 2022 (Tuesday, April 19, 2022, if you live in Maine or Massachusetts). Need more time? If you're not able to file your federal income tax return by...

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What Do Rising Interest Rates Mean for Your Money?

What Do Rising Interest Rates Mean for Your Money?

From Pinnacle Wealth Planning Services —  On March 16, 2022, the Federal Open Market Committee (FOMC) of the Federal Reserve raised the benchmark federal funds rate by 0.25% to a target range of 0.25% to 0.50%. This is the beginning of a series of increases that the...

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‘Featured Articles & Tax Tips’ newsletter released

‘Featured Articles & Tax Tips’ newsletter released

A little earlier today, we released an e-newsletter with several of our recent ’Featured Articles & Tax Tips.’ With Tax Day just over a month away, and 2021 tax returns due April 18, 2022, we wanted to send these valuable tax tips to our clients and referral...

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There’s Still Time for an IRA Contribution for 2021

There’s Still Time for an IRA Contribution for 2021

— From Pinnacle Wealth Planning Services, Inc. —  Even though tax filing season is well under way, there's still time to make a regular IRA contribution for 2021. You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2021...

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IRS adds verify options to online account registration

IRS adds verify options to online account registration

Process strengthened to ensure privacy and security — From IRS.gov —  The IRS announced Feb. 21 that a new option in the agency’s authentication system is now available for taxpayers to sign up for IRS online accounts without the use of any biometric data, including...

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