Retirement Account Catch-up Contributions Can Add Up
If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is…
Read More At Burkett Burkett & Burkett Certified Public Accountants, P.A., we provide a full range of services to individuals, small and large businesses, professional firms, and governmental and non-profit entities.
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Corporate Officers or Shareholders: How Should You Treat Expenses Paid Personally?
If you play a major role in a closely held corporation, you may sometimes spend money on corporate expenses personally.…
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SC Department of Revenue Announces Tax Free Holiday August 4-6
The South Carolina Department of Revenue has announced that the annual sales tax holiday will take place beginning at 12:01…
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That Email or Text From the IRS: It’s a Scam!
“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The…
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The Best Way to Survive an IRS Audit Is to Prepare
The IRS recently released its audit statistics for the 2022 fiscal year and fewer taxpayers had their returns examined as…
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The Trust Fund Recovery Penalty: Who Can It Be Personally Assessed Against?
If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk…
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