Has Your Tax Bracket Changed in 2023?
The IRS has released the updated tax brackets, deductions and credits for the 2023 tax year. While tax filing for this year will not happen until early 2024, it is…
About Alex Smith, CPA
Posts by Alex Smith, CPA:
New Chemical Excise Taxes Affect Multiple Industries
By Alex Smith, CPA Certain chemical excise taxes that last saw the light of day back in the mid-1990s, are back and could apply to many more companies than just…
What You Need to Know About the IRS Mileage Rate Increase
By Alex Smith, CPA In an unusual step, the IRS increased the standard mileage rate to 62.5 cents per mile for the second half of 2022, effective July 1, 2022…
Recovery Rebate Credit – How Much Can I Claim for 2021?
By Alex Smith, CPA Some taxpayers received letters from the White House in December 2021 or January 2022 telling them they may be eligible for an additional direct payment from…
What you Need to Know About Unemployment Compensation
By Alex Smith, CPA If you received unemployment compensation in 2021, you are not alone. It is estimated that over 20 million Americans collected unemployment compensation during 2021 and the…
Build Back Better Act: In-Progress
By Alex Smith, CPA More tax changes that could affect you and your business are on the way. Over the last four years we have had a major overhaul of…
What You Need to Know About the Infrastructure Investment and Jobs Act
By: Alex Smith, CPA On November 5th, Congress passed the $1 trillion Infrastructure Investment and Jobs Act, a key piece of the President’s agenda. So, what tax changes does the…
Senate Passes Paycheck Protection Flexibility Act
On Wednesday night, the Senate voted unanimously in favor of the Paycheck Protection Flexibility Act. This new legislation makes key adjustments to the timeline for spending Paycheck Protection Program (PPP)…