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 [email protected]. Enjoy the articles and subscribe to our newsletter for periodic email updates.

Don’t click on that random text. It’s a scam

Don’t click on that random text. It’s a scam

From the Federal Trade Commission — Sorry to burst your bubble. That unexpected text from the Postal Service (USPS), Costco, or The Home Depot telling you about an unclaimed package or a survey you can complete to claim a freebie is NOT from them. It’s a scam. The FTC...

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Should you suffer a disaster, some tax relief is available

Should you suffer a disaster, some tax relief is available

From Thomson-Reuters — If you are unlucky enough to suffer a disaster-related casualty loss, some of the costs can be mitigated through tax relief. This article explains the federal income tax implications. Limited deductions for personal casualty losses In theory,...

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Here’s three ways you can transfer a home to an adult child

Here’s three ways you can transfer a home to an adult child

From Thomson-Reuters — If you have an adult child who wants to buy a home in today's overheated market, it's financial combat out there and maybe a fight that cannot be won. If you are ready to move out of your current home (perhaps to downsize or to move to a...

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FBI warns of phony cryptocurrency investment apps

FBI warns of phony cryptocurrency investment apps

From knowbe4.com​ — Cryptocurrency investors have lost nearly $43 million to fraudulent cryptocurrency investment apps, according to the US Federal Bureau of Investigation (FBI). “The FBI has observed cyber criminals contacting US investors, fraudulently claiming to...

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Ready to become self-employed? Consider the tax implications

Ready to become self-employed? Consider the tax implications

Thomson-Reuters — Are you about ready to join the "Great Resignation" and become self-employed? If so, you need to consider the federal tax implications, which may not be as rosy as you think. Here are what we think are the most important things to know to make a good...

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Kakeibo: The Japanese art of mindful budgeting

Kakeibo: The Japanese art of mindful budgeting

From NextAvenue.org —  By Jennifer Nelson —  Looking to declutter your finances? Consider Kakeibo (pronounced kah-keh-boh), a Japanese budgeting system that literally translates to "household financial ledger." Created in 1904 by Japan's first female journalist, Hani...

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