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When you file your tax return, you must check one of the following filing statuses: Single, married filing jointly, married filing separately, head of household…read more
The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of…read more
If you’re concerned about your 2023 tax bill, there may still be time to reduce it. Here are four quick strategies that may help you…read more
Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and a liability policy. For a company…read more
As a business owner, you should be aware that you can save family income and payroll taxes by putting your child on the payroll. Here…read more
If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax…read more
By Josh Hoffman | Manager, Tax and Business Services Billions of Dollars from Online Retailers at Stake States across the country are anxiously watching as…read more
Business assets are generally reported at the lower of cost or market value. Under this accounting principle, certain assets are reported at fair value, such…read more
How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced…read more
You may have heard some rumbling over the new repairs and maintenance regulations that were issued in mid-September. Basically, any taxpayer that acquires, produces or…read more
The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. This is the credit available…read more
EFPR Group has the professional staff and services to help address a broad range of accounting needs. Whether it’s staffing to support …read more
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