January 2023
Highlights of the SECURE Act 2.0
The $1.66 trillion Consolidated Appropriations Act, 2023, was signed into law on December 29, 2022, by President Biden. Included in the 4,155-page bill is the SECURE Act 2.0 of 2022, which contains a number [...]
October 2022
SC Individual Returns Must Be Filed by Oct. 17 to Receive Upcoming State Rebate by December
Although the IRS has extended the individual tax return due date for taxpayers who live in South Carolina (as well as Florida and North Carolina), our clients who live in South Carolina should take [...]
August 2022
New EV Tax Credit Rules Explained
Courtesy of the Wall Street Journal, the following is a detailed explanation of the new rules for electric vehicle tax credits that became effective this August when President Biden signed the Inflation Reduction Act into [...]
June 2022
IRS Raises Business Mileage Rate
In a rare mid-year adjustment, IRS announced that the standard business mileage rate will increase from 58.5 cents per mile to 62.5 cents per mile. This change is effective July 1. The rate for [...]
Selling Your Home? Here Are Some Tax Facts to Remember
Selling your home? We have seen a lot more taxable sales recently due to the hot real estate market. Here are ten facts to remember if you sell your home this year. 1. Exclusion [...]
May 2022
How to Request a Tax Extension
We know--it happens. You have every intention of providing us your tax information in February, but time slips and it's now March (for business returns) or April (for personal returns). What to do? If [...]