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.
Last-minute gift ideas for yourself: 2021 year-end tax tips
From Pinnacle Wealth Planning Services, Inc. — Here are some things to consider as you weigh potential tax moves between now and the end of the year. 1. Defer income to next year Consider opportunities to defer income to 2022, particularly if you think you may be in...
Reminder: Scammers can use fake charities to get sensitive information
From IRS.gov — The Internal Revenue Service and Security Summit partners warn taxpayers to be wary this holiday season of fake charities, used by scammers to get money as well as sensitive financial and personal information from victims. The IRS used Giving Tuesday,...
College Board Releases Cost Data for 2021-2022
From Pinnacle Wealth Planning Services, Inc. — Each year, the College Board releases a study of college cost data and trends, and its annual report is out for 2021-2022. Although costs can vary significantly depending on region and college, the College Board...
Year-End Charitable Giving: Remember to Account for Tax Planning
From Pinnacle Wealth Planning Services, Inc. — With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also a time when charitable giving often comes to mind. The tax benefits...
Staff update: Two veteran CPAs join our talented team
The Pinnacle CPA Advisory Group is pleased to announce some recent staff changes. Former senior staffer Adele Robbins has moved on after 14 years with the firm. We thank her for her effort and friendship over the years and wish her continued personal and professional...
FTC: Email about 3rd Economic Impact Payment is a scam
By CRISTINA MIRANDA, Division of Consumer and Business Education, FTC — There’s a fake IRS email that keeps popping into people’s inboxes. It says that you can get a third Economic Impact Payment (EIP) if you click a link that lets you “access the form for...
Bill Could Throw Monkey Wrench Into Retirement Planning
From Forbes.com — By BRANDON HALL As you may have heard, there is pending congressional legislation that could affect what self-directed individual retirement accounts (IRAs) can invest in and how large of a retirement one can build. This legislation was brought...
Medicare Open Enrollment – Review Your Plans
From Pinnacle Wealth Planning Services, Inc. – Medicare beneficiaries can make new choices and pick plans that work best for them during the annual Medicare Open Enrollment Period. Each year, Medicare plan costs and coverage typically change. In addition, your...
How to Get a First-Time Small Business Loan
From Business.org — If you’re looking for a first-time small-business loan, make a plan and understand your options before you apply. By Ben Gran, Freelance Writer Getting a first-time small-business loan can make a big difference for your company’s growth and...
Are You Ready? When to Begin Collecting Social Security
From the Pinnacle CPA Advisory Group/Thomson-Reuters — Dear Clients, If your 62nd birthday is in the near future, it's time to start thinking about your Social Security benefits. Many people consider 65 to be the traditional age for retirement. But for Social...
Tax Proposals Target Corporations, High-Income Earners
From Pinnacle Wealth Planning Services — On Saturday, September 25, 2021, the House Budget Committee voted to advance a $3.5 trillion spending package to the House floor for debate. The House Ways and Means Committee and the Joint Committee on Taxation had...
A few words on those Advance Child Tax Credit payments
From Thomson-Reuters and the Pinnacle CPA Advisory Group — Dear Clients, Have you received payments from the IRS recently and wondered why Uncle Sam is sending you money? In case you haven't heard, the IRS began sending eligible taxpayers payments in mid-July. You may...