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Transferable Clean Energy Investment Tax Credit Guide
This complete guide gives a thorough overview of transferable clean energy investment tax credits (ITCs) including what they are, their history, who can benefit from purchasing them, how to transfer them, risk mitigation strategies, and our role in this market outlook.
Hurricane Helene Tax Relief: Various Tax Deadlines Postponed
The IRS has announced Hurricane Helene Tax Relief for individual and business in Georgia and other disaster areas affected by Hurricane Helene. This relief is postponing various tax deadlines to May 1, 2025 as well as waiving certain fees and penalties.
Top 10 Financial and Tax Tips for Graduate Students
This guide outlines ten essential financial steps and tax tips for recent college grads to help you navigate post-graduation life with confidence and set yourself up for long-term success.
Top 10 Summer Tax Tips to Keep Your Finances Cool
Summertime may be a great time to unwind, but it also comes with its own challenges and expenses. Here are some financial and tax tips to keep your summer cool! This guide provides 10 simple tax tips to help you as you unwind.
Audit vs. Review vs. Compilation: Simplified
Understanding the varying types of attestation services can benefit the growth and development of your organization. This guide breaks down the difference between audits, reviews, and compilation, so that you can make an informed decision.
The Impact of Recent Developments in VAT Compliance
Legislative changes in 2024 have affected VAT compliance, particularly in the UK. This article breaks down all the developments and future changes, including what types of businesses may be affected.
10-Step Guide to Mastering Payroll Processing
This complete guide details all the essential steps and strategies to streamlining your payroll operations and elevating your business’s success. Perfect for old and new business looking to understand the process from start to finish.
Understanding Clean Vehicle Tax Credits: Incentivizing Sustainable Transportation
This article explores each of the clean vehicle tax credits in-depth, shedding light on their intricacies and their impact on your taxes and economic policy.
Important 2024 Tax Dates
In the midst of tax season, keeping track of all the relevant 2024 tax dates and deadlines can be confusing. Refer to this quick guide to make sure you never miss an important deadline.
Why You Should File a Tax Extension
Filing a tax extension is a strategic move that provides numerous advantages, contrary to some common misconceptions. With tax deadlines getting closer, we’ve compiled a guide for you as to what tax extensions are, the list of benefits for filing a tax extension, and how to file an extension, should you choose to.
2024 Tax Brackets
Understanding the 2024 tax brackets is crucial for taxpayers. This comprehensive guide breaks down the IRS’s current Federal Income tax brackets, helping you navigate the complexities of tax filing.
Staying Vigilant: Employee Retention Credit Scams
On March 20th, the Internal Revenue Service (IRS) issued a press release warning taxpayers about the 2023 dirty dozen tax scams one of which is related to Employee Retention Credits (ERCs). This article details this scam and the ways to avoid it.
The 5 Pros of Outsourced Accounting
Outsourced accounting refers to the practice of hiring an external firm, like CKH Group, to handle a company’s financial and accounting operations. In this article, we discuss the benefits of outsourcing your accounting and finance functions.
Making the Most of Your Charitable Contributions
It is important to note that charitable contributions can only impact your tax bill if you choose to itemize your return. However, if you are doing so, this is a comprehensive guide to utilizing the Charitable Contributions tax deduction.
Everything You Need to Know About Student Loans
The Biden administration is furthering the pause on federal student loan payments, a program that began in March 2020 to help people who were struggling financially due to the impacts of Covid-19 pandemic.
The FTX Cryptocurrency Scandal
Only months ago, FTX, short for “Futures Exchange”, cryptocurrency was seemingly a huge success. Being valued at an estimated $32 billion in January and garnering massive support from celebrities. The platform was one of the biggest crypto trading exchanges and was recognized by the community as one of the more transparent crypto operations.
10 Helpful Small Business Tax Tips
Small Businesses can have tricky tax returns. Here are 10 helpful tax tips for small businesses.
Tax Terms Database
Tax Terminology can be hard to understand, but this guide will help you to learn what some of these tax terms mean.
Tax Guide to Cryptocurrency
The IRS now considers cryptocurrency to be property, and participating in crypto activities needs to be reported! Here is a guide to help you.
13 Common Tax Forms and What They are For
All of the IRS’s tax forms can be confusing. This small guide will help you understand some of the most used tax forms and what they are for.
Late Tax Filing: What To Do if You Miss a Tax Deadline
The deadline to file a tax return can sneak up on you. Worried about missing it? This article details the steps you can take prior to missing your deadline, and the actions you can take afterwards to mitigate some of the consequences.
Applying for a Federal Tax Extension
Tax deadlines seem to have a way of sneaking up on you, so filing for a tax extension might be something you need to do. If you need more time to prepare your return you can request a six-month filing extension by submitting the proper form to the Internal Revenue Service. Here is what you need to know!
Tax Preparation Guide
With tax season now in motion, it is smart to start planning for the April 15th deadline if you have not done so yet. This tax preparation guide is here to help you get prepared!
Non-refundable Tax Credits
Non-refundable Tax Credits can reduce your tax liability, but they come with specific limitations. In this article, we’ll dive deep into what non-refundable tax credits are, how they work, and the key points you should keep in mind when filing your taxes.
Refundable Tax Credits
A refundable tax credit can be applied to your tax bill and in some cases can generate a negative federal tax liability, meaning that your refundable tax credit can create a federal tax refund. This article explains refundable tax credits and how to utilize them.
Federal Tax Lien Vs Levy
There is often confusion about the difference between federal tax levies & liens. The terms “levy” and “lien” are not interchangeable, but they are closely linked. This article will break down everything you need to know about these important IRS penalties.
New 2022 Tax Brackets
On November 10th, 2021 the IRS announced their annual inflation adjustments to the 2022 federal income tax brackets. These adjustments impact more than 60 tax provisions. Here are the new numbers.
What You Need to Know About Tax Deductions
Tax deductions can help you save money— but only if you know what they are, how they work, and how to claim them. Here is a little guide to help you out.
Load Shedding in South Africa
In an attempt to prevent severe blackouts, Eskom, South Africa’s largest electric utility company, has initiated its process of “load shedding”. The idea of load shedding may be a confusing concept for some, but for the members of our South Africa office, this has become a regular occurrence in their daily lives. It is important to understand this process and how it affects South African citizens.
All About the Child and Dependent Care Credit
The Child and Dependent Care Credit is a helpful refundable tax credit that assists families in paying for childcare. The credit specifically offers relief to parents who pay for the care of a qualifying child while they work or search for work. The amount of eligible expenses that qualify for the credit varies depending on a taxpayer’s income level.
How to Avoid Tax Relief Scams
Engaging with companies like this could be a risky choice, if you owe taxes, but are unable to pay the IRS in full, there are a few legitimate IRS tax relief programs to help, through the agency’s Fresh Start initiative.
Claiming a Dependent
Claiming a dependent on your tax return can be a confusing process, but understanding the basics can unlock valuable tax benefits. This guide will help you understand what it means to claim a dependent and how to determine if someone qualifies as a dependent on your taxes.
Everything You Need to Know About the Vaccine Mandate
In 2024, while many vaccine mandates have been lifted, their past impact on businesses highlights the need for companies to remain informed, adaptable, and prepared for future public health directives.
Employee Retention Credit
The Employee Retention Credit (ERC) was put into place in March of 2020 under the CARES act as a temporary response to the impacts of the Coronavirus. This refundable tax credit was originally set to help companies keep employees on payroll.
Everything You Need to Know About the Child Tax Credit
What do the new advance child tax credit payments mean? Here is everything you need to know about what is changing, who is eligible, and how to receive the payments.
IRS Nonpayment Notices
Revenue Service has finally responded to a large number of complaints regarding incorrect unpaid tax notices. As a result, the mailing of three types of nonpayment notices have been suspended.
Why You Should Have a Trust Fund
As the tax season comes to a close, many look for ways to diversify their assets and plan their estate. A trust, or trust fund, is an estate planning tool that forms a legal entity to hold property or assets for a person or organization that is managed by a trustee.
Our articles are thoughtfully written and researched provided by the subject matter experts here at CKH Group. We aim to provide you with the latest industry updates, tips, guides, and resources to help you make more informed decisions for yourself or your business. You can also subscribe to our monthly newsletter to stay up to date on our newest releases.