W/E CPA, LLC.

FAQ’s: Some common misunderstandings in the tax world!

Get ready folks! It's that time of year again!

What a wonderful year here at W/E CPA, LLC. ! We cannot thank all our clients and supporters enough for a great first year in business!

We are taking a break for the holiday season to reset before our upcoming tax season! We will be checking e-mails periodically, so please feel free to reach out if needed!

Small Business! Pre-pay 12 months of expenses & deduct in 2023!

TAX TID-BIT TIME: When Does Depreciation Start?

TAX TID-BIT TIME: Roth IRA: Over the Income Limit?

TAX TID-BIT TIME: The Latest from the IRS - Tax Credits for Electric Vehicles

TAX TID-BIT TIME: Tax Advantage of IRA to HSA Rollover

HSAs are great tax savings tools. They hit the trifecta of tax savings:
• Tax deductible contributions
• Balance grows without being taxed.
• Withdrawals for medical expenses are tax-free.
Did you know, you are allowed a once in a lifetime rollover from your IRA to your HSA? The rollover amount is limited to the allowable HSA contribution limit for the year in which it occurs. The benefit is you turn this otherwise taxable money into tax-free money when used for medical expenses.
If you think this might be a strategy for you, call us today! 317-708-2116

The clock is ticking. File before the deadline. We still have some availability to assist you with your tax preparation. Deadline is April 18th. Give us a call today! 317-708-2116

REMINDER:

Business Tax Returns are due 3/15/2023! These include S-Corporation & Partnership Returns.

Call us today if you need help with your tax filings!

317-708-2116

TAX TID-BIT TIME:
There have been a lot of questions as to why refunds for 2022 are smaller than those received in 2020 & 2021. See below a few of the reasons & why: