Posts by Jody H. Chesnov CPA
Serving as a Personal Representative of an Estate? Start Here.
GET IN TOUCH GET IN TOUCH Being the personal representative of the estate of a deceased person is, to put it mildly, not an easy job. It involves significant responsibility, many complex tasks, and a considerable investment of time. On top of all that, the individual given this role is often someone who knew and…
Read MoreConsumer Credit Fraud: What Victims Need to Know
GET IN TOUCH GET IN TOUCH $43 billion is the global projection for losses from credit card fraud by 2026. Fraud attempts are on the rise, with 46% more than last year. The United States accounts for nearly half of all global fraud, and up to 80% of credit cards have been compromised in data…
Read MoreInflation Reduction Act Tax Credits for Individuals: Your 2023 Summary
GET IN TOUCH GET IN TOUCH With many of the most substantial provisions of last year’s Inflation Reduction Act impacting corporations, small businesses, tax-exempt and government entities, and families, individual taxpayers may be wondering where they fit in. The fact is that this significant piece of legislation has no shortage of implications for individuals, including…
Read MoreEmploying Family Members: Tax Implications in 2023
This article will explore what hiring family members means for small business owners in 2023, what tax benefits may be available, and how to make sure you meet your tax obligations when employing family.
Read MoreEmployer Healthcare Insurance Requirements: What’s New in 2023
GET IN TOUCH GET IN TOUCH For employers, navigating the constantly evolving landscape of healthcare insurance requirements is always challenging. However, 2023 has brought its own unique set of challenges and considerations. Complex regulations, changing standards, tighter enforcement, harsher consequences, and less room for error mean a strong understanding of the requirements will be more…
Read MoreDo You Need to Account for Credit Card Rewards?
GET IN TOUCH GET IN TOUCH When strategically managed and tailored to your spending habits, credit card rewards can be a great way to earn airline miles, bonuses, and more — not to mention putting significant amounts of cash back into your pocket. As a credit card user, this is great. As a taxpayer, it…
Read MoreIRS Issues Identity Protection PIN Update
This is an overview of the critical information you need to know regarding your IP PIN and a dive into what the latest IRS update has revealed.
Read MoreHow Much Can You Deduct for Educational Expenses in 2023?
GET IN TOUCH GET IN TOUCH This year, as in years prior, the cost of education has only continued to rise. In fact, when you consider housing, books, food, and other living expenses, a school like Harvard can cost over $95,000 a year! According to a New York Life survey, the average American saved just…
Read MoreSaving for College in 2023: Your Updated Guide
GET IN TOUCH GET IN TOUCH Planning for your child’s education is a significant financial commitment, and the soaring costs of college tuition have made it essential for parents to not only start early but also make wise, tax-advantaged choices. From tuition to housing, transportation to books, and more, college expenses have been surging for…
Read MoreSelf-Employment Taxes: What Gig Workers and Freelancers Need to Know
GET IN TOUCH GET IN TOUCH While increased freelancing and the gig economy are nothing new, the transformation of the global workforce in the wake of the pandemic has explosively accelerated those trends. In 2020, with the labor market reeling, millions of people turned to freelancing for the first time—and many of them never looked…
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