02/19/2025
There's not much to say about this other than, Stay Tuned. Congress is now involved in trying to put off the BOI Reports requirement for a year, as the courts are stepping out of the way. If you are just ready to file your BOIR and need help, contact the CPA Advisory Group about filing for you.
BOI reporting deadline extension passes US House | CPA Advisory Group
A bill to extend the deadline for small businesses to report their beneficial ownership information, or BOI, passed the US House Feb. 10
02/12/2025
He can knock out Tyson, we can knock out your taxes!
CPA Advisory Group employees pose for a photo with Columbus’ own World Heavyweight Boxing Champion Buster Douglas, during Buster’s recent stop by the office. From left are Veronica Jeffries, I'sha Martin, Shelley Colley, Buster, Lisa Green, Jane Loe and Asli Abokor. Buster’s visit came 35 years to the day from his Feb. 10, 1990, knockout of Mike Tyson in Tokyo to claim the World Heavyweight Title.
02/05/2025
One sure way to get your personal information stolen: Pick a disreputable tax preparer. Or you could use the IRS's tax preparer directory and find certified professionals -- like those who work at the CPA Advisory Group. :)
IRS urges taxpayers to choose tax preparers carefully | CPA Advisory Group
The IRS on Monday reminded taxpayers to choose their tax preparers carefully, to avoid tax-related identity theft and financial harm.
01/29/2025
It's on! The IRS is now accepting individual returns for the 2024 tax year. If you need help with your return - individual or business - our experts are ready! Call the CPA Advisory Group, Inc. today.
2025 tax filing season open as IRS begins accepting tax returns | CPA Advisory Group
The IRS opened the 2025 tax filing season Monday, and is accepting and processing federal individual tax year 2024 returns.
01/16/2025
Good news for parents of children with disabilities: Higher ABLE account contributions allowed for 2025. Nice article in DisabilityScoop.com below --
IRS raises ABLE account contribution limit to $19,000 for 2025 | CPA Advisory Group
Starting this month, individuals with disabilities can accrue more money than ever before in special ABLE accounts that allows people to save without jeopardizing access to Medicaid and other government benefits.
01/09/2025
It's about that time -- for tax forms to begin arriving in the mail and on your desk at work. Do you know what to do with them all?
Here's a breakdown of the forms you'll need to file taxes in 2025 | CPA Advisory Group
Tax Day is approaching, and soon it will be time to begin assembling forms. All those numbers and letters – W-2, W-9, 1099 – can overwhelm.
12/26/2024
Nice article here from AARP, on changes on the horizon that will affect your life in retirement in the new year —
9 ways retirement will be different in 2025 | CPA Advisory Group
Retirement is not static. Even when the kids are gone and the career is done, your lifestyle and expectations are constantly evolving.
12/11/2024
As you get your records together and make strategic year-end moves to minimize your 2024 taxes, here's a preview of the 2025 adjustments ahead —
IRS releases tax inflation adjustments for tax year 2025 | CPA Advisory Group
For married couples filing jointly, the adjustments raise the standard deduction to $30,000, an increase of $800 from tax year 2024.
12/04/2024
If you received work income through Venmo or a similar payment platform this year, new IRS regulations enforce reporting it.
Paid via Venmo, CashApp, or PayPal in 2024? The IRS will know | CPA Advisory Group
If you receive work income through Venmo or a similar payment platform, new IRS regulations enforce reporting it.
11/27/2024
Wishing all our clients and partners a beautiful and bountiful Thanksgiving!
11/20/2024
This could change a lot about how employers attract new talent -- though the jury is still out on whether it will harm retirement saving.
IRS ruling on one company's 401(k) match may change the way Americans apply contributions | CPA Advisory Group
What if you had the flexibility to choose how to use your 401(k) match? One company has just started allowing it.
11/06/2024
Good news if tax-free retirement savings are high on your list for next year --
401(k) limits, 'super catch-up' contributions, increase in 2025 | CPA Advisory Group
Americans can sock away more in their workplace retirement plans in 2025, with 'super catch-up' contributions allowed for those aged 60-63