For the first time since 2018, Federal Reserve Officials have voted to lift interest rates. They also agreed on penciling in six more increases to take place by year’s end. This is the most aggressive pace we have seen … Continue reading
News & Articles
Red Flags That Could Trigger an IRS Audit in 2022
The idea of a tax audit, to almost any American, is a scary thought and this year, we will likely see an increase in the number of audits conducted. The increased quantity, combined with the heightened complexities of filing
New Rule Affects Some IRA Holders
As many businesses and individuals have turned away from pension plans, there has been a large increase in the utilization of tax-advantaged retirement accounts. This can be seen by the growth of assets held in individual retirement accounts, … Continue reading
American Rescue Plan – Sick Leave
The IRS recently released additional information on tax credits available for paid and sick family leave under the American Rescue Plan of 2021. The IRS did so by adding to its FAQs fact sheet earlier in the month … Continue reading
IRS Sets Up Taxpayer Experience Office
The IRS has faced more scrutiny from taxpayers this year than ever before, and for good reason! On top of the massive backlog held by the agency & only 1 out of 9 taxpayer phone calls answered, there are … Continue reading
IRS Funding Cut – Taxes Affected
Recently, Congress passed an omnibus spending bill (an omnibus bill seeks to amend, repeal or enact several Acts, and it is characterized by the fact that it has several related but separate parts) that would reduce a budget increase … Continue reading
IRS Increasing Workforce in a Big Way
In the next coming months, the IRS is looking to hire more than 5,000 employees in three cities over the next few months and another 5,000 over the next year. This is a large increase (13%) considering “In FY … Continue reading
IRS Releases New FAQs to Provide EITC Guidance
Last week, the IRS updated its FAQs to answer questions on the Earned Income Tax Credit for the 2021 tax year. The new EITC FAQ page looks to provide information to eligible taxpayers on how to properly claim … Continue reading
Western Accounting Firms Facing Pressure to Cut Russian Ties
After the collapse of the Soviet Union roughly three decades ago, accountants and other professionals from the West flocked there to capitalize on new opportunities. International trade in Russia has skyrocketed following the Union’s downfall, being a large contributor … Continue reading
DSJ Welcomes Bob Bjelke and Another 30+ Years of Experience to the Firm
Robert Bjelke, CPA, is a partner in the Advisory & Assurance Group at DSJ LLP. Bob, a seasoned
professional with over 30 years of experience in both public accounting and private industry, specializes in
providing audit and consulting services for