As the current tax season continues, the Internal Revenue Service (IRS) has ushered in a new era of tax enforcement thanks to the power of artificial intelligence (AI). AI tools have taken nearly every industry by storm recently, and even federal tax authorities have realized that these resources can be invaluable in catching tax evaders. Bolstered by funding from the Inflation Reduction Act of [...]
Payroll taxes can be a significant headache for many small—to medium-sized business owners. Without proper education, entrepreneurs can find themselves in trouble with the IRS and state tax agencies. Fortunately, if you've been struggling with payroll taxes, you're in the right place. This guide will help you understand and manage payroll taxes effectively to ensure legal compliance. The temptation to cut corners, especially in [...]
Article Highlights: Noncash Charitable Contributions Establishing Donation Value Fair Market Value Documentation Requirements Appraisal Requirements Tax legislation passed in late 2017 nearly doubled the standard deduction for years 2018 through 2025, and now about 90% of individuals filing a tax return are taking advantage of the higher standard amount and are not itemizing their deductions. For the 10% of filers still itemizing, one of [...]
Want to hear about financial news, tips and about our special events? Subscribe to our monthly newsletter and we promise not to spam you!
37 S. Wenatchee Avenue, Suite F#315
Wenatchee, WA 98801
107 N Emerson St . Suite 1
Chelan, WA 98816
Monday – Thursday 9am – 5pm
Main (509) 494-8500
Fax (509) 436-0025
Tricia@august-edge.com
