1099s – Why the Rush?
While many would prefer to “think about that tomorrow” or in January, time spent now can significantly affect how hectic your January will be. The best practice is to have new vendors provide a completed W-9 before issuing a payment. We also recommend reviewing 1099 vendors a few times throughout the year and requesting any…
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Do You Have Adequate Insurance Coverage for Your Home?
We all saw the devastation in Florida from Hurricane Ian. Its estimated losses will total $50 billion. Sadly, due to inadequate insurance coverage, many will not fully recover their losses. Closer to home, we can still see some of the damage caused by the tornado outbreak in March of 2021. Do you know what happens…
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Completing IRS Form W-9
You may receive requests for a completed signed IRS Form W-9. The information requested on form W-9 can be used to generate a 1099. Completing the W-9 does not imply you will receive a 1099. Form W-9 is a formal written request for information only to confirm a person’s (or entity’s) name, address and taxpayer…
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IRS Announces Annual Inflation Adjustments for 2023
The IRS recently announced the 2023 annual inflation adjustments for over 60 tax provisions. Most of these changes will apply to the calendar year 2023 tax returns that will be filed in 2024. Income Tax Brackets For married couples filing a joint return and single individuals, the chart below shows the marginal ordinary tax rate…
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Be Prepared – 2022 Year-End/Year-Round Tax Planning Guide
Dent Moses is committed to helping you maximize your income through a variety of tax-saving strategies. We are sharing our 2022 Year-End/Year-Round Tax Planning Guide. 2022 Year-End/Year-Round Tax Planning Guide With the lingering impact of the global pandemic and the recent passage of the Inflation Reduction Act, there are a number of tax developments…
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Where Have All the Employees Gone?
The pandemic caused a major disruption in the US workforce. The Bureau of Labor Statistics reported August 2022 unemployment at 3.7%, roughly 6 million unemployed workers. Employers are struggling to fill 11 million open positions. At the same time, there are 2.5 million fewer people in the workforce post-pandemic.
Webinar – What’s Ahead for the Economy? – Watch Now
Mike Baker, Managing Partner of Dent Moses, LLP, and John Norris, Managing Director, of Oak Worth Capital, discuss what’s ahead for the economy, if we are in a recession, and the actions businesses should consider moving forward.
Documents for Adult Children – Advanced HealthCare Directive and Power of Attorney Protecting Your Ability to Act for Adult Children
Parents are accustomed to making decisions for their children but at age 19 (Alabama), your ability to make decisions for your child changes. While unmarried adult children may be perfectly capable of making their own decisions, then consider the following circumstances:
Inflation Reduction Act of 2022
President Biden signed the Inflation Reduction Act of 2022 (“IRA”) into law on August 16, 2022. The IRA is a skinny version of the Build Back Better Act, which was passed by the House but failed to pass in the Senate last fall. The 273-page IRA addresses climate, energy, healthcare, taxes, and IRS funding. In this article, we are only covering a few areas that might affect our clients. We are also including a links to several articles that cover additional provisions.
Now’s the Time to Revisit Your Buy-Sell Agreement – Will Your Company’s Buy-Sell Work at Today’s Valuations?
Valuations for most businesses have dramatically increased over the last few years. There is plenty of activity and cash in the M&A market. Industries (like engineering) have become targets for venture capital pushing valuations even higher. Many of the buy-sell agreements were set up when the business started, sometimes decades ago, and are no longer…
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