Blog
2022 Changes Could Mean Tax Advantages for Worcester County Filers
Phew. I can tell you (for my part) that I’m eager to metaphorically turn the calendar page into 2023. The last THREE tax seasons have been fairly brutal for tax professionals, navigating IRS staffing challenges, all of the government relief initiatives, and of course...
The New U.S. Congress: What’s Ahead for Worcester County Taxpayers
After a U.S. Congress election – regardless of your political perspective – within the results there is always a little bit of the productive, the unproductive, and the stalemate. Sometimes things work in your favor as a faithful Worcester County taxpayer. Sometimes,...
Jay Walia’s Thoughts on Finding Joy In Life
Wow, am I the only one who turned around and suddenly found the holidays have already planted themselves on my doorstep? No? Oh. Well…At this time of year, it seems like I always find myself saying, It’s been a crazy year like a proverbial broken record. But, it...
When Disaster Strikes Worcester County Taxpayers: Casualty Loss Deduction
Well, if you had an account with FTX, you very well might be in some financial difficulty. To a certain segment of our Worcester County clients, this is a BIG deal. As such, I'll have more thoughts in the following weeks as things become more clear.But the "good"...
A Tax Documentation Backup How-to for Worcester County Filers
First, let’s discuss the elephant in the room: the mid-term elections.Depending on when you’re reading this, they might be underway in your Worcester County precinct, they might be already in the rearview, they might not even have raised themselves to the level of...
Worcester County Borrowers Be Wary of These Student Loan Forgiveness Scams
Before I dive into those scammers (one of my favorite topics – simply because I love SAVING Worcester County people from these criminals), some good news on the “The IRS Might Not Be a Total Dumpster Fire in 2023” front.Maybe.Because a few days ago, the IRS achieved...
A Tricky Tax Credit for Worcester County Electric Vehicle Owners
I think you probably realize that last Monday was the final deadline for 2021 taxes, and we can now (finally) put those returns to bed.Or can we?Frankly, with a number of our new Worcester County clients this past year, we reviewed returns prepared via software and/or...
Your Worcester County Side Hustle & the IRS Crackdown
Now that 2021 tax returns are completely in the rearview (although we can always make amendments!), and only a few months of the 2022 version remain, it’s time to kick your “tax optimization” strategies into full gear. And look – yes, I’m a professional at this...
How Worcester County Taxpayers Can Navigate Retirement Contribution Limits
One of the things that my team and I prioritize here at Accounting Solutions, Inc is keeping the lines of communication open with our Worcester County clients. Especially when difficult times hit (we’re continuing to think about those in Florida and the Carolinas as...