Yelena Pierson, CPA

01/14/2025

As we approach tax season I wanted to discuss financial planning options:

01/03/2025

We are here for all your accounting needs

12/12/2024

The Mega Backdoor Roth IRA is an advanced retirement savings strategy that allows high-income earners to contribute significantly more to their Roth IRA than the standard limits permit.

The Mega Backdoor Roth IRA lets high earners contribute more to their Roth IRA than standard limits, boosting retirement savings.

12/10/2024

Properly naming beneficiaries ensures that your assets are transferred smoothly and according to your wishes, bypassing the often lengthy and costly probate process.

Properly naming beneficiaries ensures that your assets are transferred smoothly and according to your wishes, bypassing the lengthy and costly probate process.

12/09/2024

When it comes to income taxes, the IRS has specific rules about employee gifts. Watch this video for an overview.

12/05/2024

The death of a spouse is a profoundly challenging time, both emotionally and financially. Amidst the grieving process, surviving spouses must also navigate a complex array of tax issues. Understanding these tax implications is crucial to ensuring compliance and optimizing financial outcomes.

Surviving a spouse's death brings emotional and financial challenges. Learn about key tax implications to ensure compliance and secure financial stability,

12/05/2024

On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a game-changing nationwide injunction that temporarily halts enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements.

Nationwide Injunction Halts Corporate Transparency Act (CTA) BOI Reporting – December 3, 2024, U.S. District Court ruling delays enforcement.

12/03/2024

The deductibility of meal expenses for employers and business entities is a nuanced area of tax law that requires careful consideration of various rules and exceptions.

The deductibility of meal expenses for employers and business entities is a nuanced area of tax law that requires careful consideration.

12/02/2024

For business entities created or registered before 2024, the deadline to submit their initial BOI report is set for January 1, 2025. Prepare and file your report soon to meet the deadline.