LATEST TAX NEWS & SUBSCRIBE
The latest Tax News from Napoli Tax Services LLC
Tax Due Dates for January 2023
Tax Due Dates for January 2023 During January All employers - Give your employees their copies of Form W-2 for 2022 by January 31, 2023. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the...
Getting Ready for the 2023 Tax Filing Season
Filing your 2022 tax return promises to be just as complicated as always; however, there are steps that taxpayers can take right now to ensure their tax filing experience goes smoothly. Let's take a look at what's new for 2022 and some key items taxpayers should...
Highlights of the Secure 2.0 Act of 2022
The $1.66 trillion Consolidated Appropriations Act, 2023 was signed into law on December 29, 2022 by President Biden. Included in the 4,155 page bill is the SECURE Act 2.0 of 2022, which contains a number of tax provisions relating to retirement. Let's take a look at...
Businesses: Important Tax Changes in 2023
Here's what small business owners need to know about tax law changes and inflation adjustments for the year ahead. Standard Mileage RatesIn 2023, the rate for business miles driven is 65.5 cents per mile, up 3 cents from the midyear increase setting the rate for the...
Individual Taxpayers: Tax Changes for 2023
Every year, it's a sure bet that there will be changes to current tax law, and this year is no different. From standard deductions to health savings accounts and tax rate schedules, here's a checklist of tax changes to help you plan the year ahead. Individuals In...
Standard Mileage Rates for 2023
Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be as follows. These rates apply to electric and hybrid-electric automobiles, as well as gasoline and diesel-powered vehicles. 65.5 cents per mile...
Get Paid Faster in 2023: Use These QuickBooks Tools
Have you had a chance to analyze how your cash flow fared in 2022? If not, you probably got caught up in a lot of year-end tasks. But once the holidays are over and you've turned the calendar page to 2023, it's time to start thinking about how you can accelerate your...
Tax Credit for Hiring Long-term Unemployed Workers
With many businesses facing a tight job market, employers should know about a valuable tax credit available to them for hiring long-term unemployment recipients and other groups of workers facing significant barriers to employment. If your business is hiring right...
Watch Out for Holiday Gift Card Scams
There's never an off-season when it comes to scammers and thieves who want to trick people into scamming them out of money, stealing their personal information, or talking them into engaging in questionable behavior with their taxes. While scam attempts typically peak...
Reporting of $600 Third-party Payments Delayed
Due to concerns regarding the implementation timeline, reporting thresholds for third-party settlement organizations that were set to take effect on January 1, 2023, have been delayed. As such, third-party settlement organizations will not be required to report tax...

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NEWTOWN PA 18940
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