Are Your Social Security Benefits Taxable?
While the recent increases in Social Security benefits are welcome, they could mean more income taxes for recipients. Read our blog to see how this might affect you.
tax accounting
A Cycle of Success: Charlie Polmatier, Borland Benefield Shareholder
You might know Charlie Polmatier, Borland Benefield Shareholder and head of the Municipal Audits Division. You might know how dedicated he is to serving our clients. What you might NOT know is that he’s also a road biking champion. Read our blog to learn more!
Going Green and Saving Green: Tax Credits for Clean Technology
Do you want to make the switch to an electric vehicle? Are you purchasing solar panels for your home? Is it time for your business to switch to renewable energy? The Inflation Reduction Act of 2022 makes all of these green choices easier on your wallet. Read our article to find out what you could be saving on.
New Address, Same Great Quality: Borland Benefield’s Florence Office
Did you know Borland Benefield has an office in Florence? Read our article about the Florence branch and the woman heading it up – Dena Davis.
How the Inflation Reduction Act Helps Bring Down Skyrocketing Drug Costs
The Inflation Reduction Act targets a wide range of issues, including many cost-saving changes to life-saving medications. Read our article to see how it helps you.
Important New Guidelines for Municipal Audits in Alabama
HB256, also known as the Municipal Audit Clarification Act, details how mayors or city managers of a municipality should audit their municipality’s financial expenditures. Are you aware of this new bill’s requirements? Visit our blog for useful information regarding the new requirements.
A Handy Summary of the Key Points of the Inflation Reduction Act of 2022
Inflation continues to strain American families – and the Inflation Reduction Act of 2022 seeks to solve this growing crisis. Still, there may be unintended consequences to this sweeping fix in the wake of COVID-19. Read our blog to get a summary of the good AND the bad of the IRA.
Unlock 8 Tax Breaks for Home Ownership
Over the last year, home prices have soared in many parts of the country. In addition to benefitting from an appreciating asset, eligible homeowners enjoy several tax advantages. Here are eight reasons why it’s better to be an owner, rather than a renter, from a federal income tax perspective. Home Sale Gain Exclusion If you…
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Procedural Issues Every Exempt Organization Should Know About.
The IRS is currently inundated with procedural and technical obstacles that have caused processing delays. Here are some items of note that have been reported by exempt organizations and their service providers. Announcement 2001-33 Replaced. Nonprofits should be aware that Announcement 2001-33 is no longer applicable, having been revoked by Announcement 2021-18 (2021-52 IRB 910)…
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Consider Taxes Before Selling a Highly Appreciated Vacation Home
Are you considering selling your vacation home? Are you worried about the tax hit on your profits? Fortunately, the limited federal income tax gain exclusion break CAN apply to vacation homes in some cases.