Article Archives - Mize CPAs Inc.

Female Accountant Sitting With Client At A Desk

The essential role of CPAs in Alternative Dispute Resolution (ADR)

Jul 24, 2024
Tax

ADR is changing how disputes are resolved, and CPAs are at the forefront of this transformation. From tax conflicts with the IRS to intricate business and family disputes, find out how CPAs are driving fair and efficient resolutions.

Tax implications of legal gambling

Jul 23, 2024
Tax

With the rise of legal sports betting and online gambling, it's crucial to understand the IRS reporting requirements associated with your winnings. Discover the thresholds for different types of gambling and how to report your earnings accurately. Learn how to avoid potential penalties and comply with IRS regulations.

Should you set up voluntary withholding for your social security payments?

Jul 22, 2024
Tax

Unsure whether to set up voluntary withholding for your social security payments? This guide breaks down the concept of voluntary withholding, showing how it can help spread your tax liability over the year and make budgeting simpler.

Navigating the exit: how non-controlling shareholders can sell private company stock

Jul 19, 2024
Tax

Selling private company stock can be challenging for non-controlling shareholders. This article explores the critical considerations, from understanding company restrictions to finding the right buyers and planning for taxes.

Financial Management for Senior Citizens

Jul 19, 2024
Tax

Financial Management for Senior Citizens

IRS moves forward in Employee Retention Credit processing

Jul 11, 2024
Tax

The IRS is making significant strides in processing Employee Retention Credits. Gain a deeper understanding of these recent updates and their implications for your business. Stay ahead of the curve by reading our latest article.

Smart financial planning for college: a parent’s guide

Jul 2, 2024
Personal finance

Learn how to effectively plan and save for your child's higher education. Understand student aid and family contributions, explore college savings plans, and discover how to increase your child's chances of receiving merit-based scholarships.

Legislative Engagement Reaps Benefits for Kansas McDonald’s Owners

Jun 25, 2024
Headlines, Restaurants

But sometimes, it takes time and perseverance! In 2021, the Kansas Department of Revenue (KDOR) disallowed the wage modification for wages qualifying for the Federal Employee Retention Credit (ERTC). At the federal level, wages that generate a federal credit cannot…

Two Piles Of Cash On A Table With A Calculator And Notepad

Alternative Minimum Tax basics for individuals

Jun 10, 2024
Tax

Understanding the Alternative Minimum Tax (AMT) can be complex, but it's essential for strategic tax planning. This article guides you through the process of calculating your AMT and offers useful strategies for minimizing its impact.

The IRS’s new audit strategy: what wealthy individuals, corporations, and complex partnerships need to know

Jun 4, 2024
Tax

The IRS is set to dramatically boost audits on high-income earners, major corporations, and complex partnerships. Find out what these changes mean for you and how to prepare effectively.