Tax Season and CPA Mental Health
The most taxing season for CPAs is among us, and it’s no laughing matter. Tax season is a highly stressful time for CPAs, who face tremendous pressure to handle large workloads with strict deadlines while attempting to outcompete their counterparts. This stress can lead to burnout and even anxiety and depression, the two most common and […]
Tax Tips CPAs Need to Know Now
As a Certified Public Accountant (CPA), staying current on the latest tax laws and regulations is essential to provide the best service for your clients. However, the stressors of tax season can cause even the most diligent CPA to neglect their own accounting practices at the expense of their future golden years. Here are some […]
Social Security Planning for Married Couples
As CPAs, it is essential to assist clients in making informed decisions about their retirement planning, particularly regarding Social Security benefits – and this knowledge will eventually become valuable for CPAs themselves. Improper timing can lead to thousands of lost potential dollars at a time when every dollar counts, and the consequences can last a […]
The Tax Implications of Secure 2.0 for CPAs
On December 29, 2022, President Biden signed the Securing a Strong Retirement Act, also known as SECURE 2.0, into law. This legislation brings about various changes to the retirement landscape. This article focuses on the tax implications for both individuals and employers, many of which significantly affect Certified Public Accountants professionally and personally. New RMD […]
Should you delay social security benefits?
Social Security is an essential source of retirement income for many Americans, including Certified Public Accountants. This holds especially true when considering the current state of retirement statistics. The combination of inadequate savings rates, prolonged retirements, and extended lifespans can easily throw a wrench even into the soundest retirement plans. Therefore, deciding when to start […]
