Gift Tax Exclusion Can Be a Powerful Planning Tool By Bennett Allison, CPA and Gabriela Mandiuc, CPA The annual gift tax exclusion increased in 2022 from $15,000 to $16,000. The IRS officially announced the increase in Revenue Procedure 2021-45. While …
5 Things Your CPA Should Tell You How Preparing for your Tax Returns Can Set You and Your Business Up for Success in the Long Run By Jim Rice , CPA Having been a CPA for more than 40 years, I have had the opportunity to work with many different clients …