We are thrilled to announce that Eslliey Tan, one of our talented team members at Haynie, has been selected as an honoree for the prestigious National Association of Certified Valuators and Analysts (NACVA) 30 Under Thirty recognition. This accolade is…
The Annual Gift Tax Exclusion, also known as the annual gift tax limit, or gift tax exemption, empowers individuals to share financial blessings with family, friends, or loved ones through tax free gifts without incurring federal gift taxes. This exclusion…
As the year draws to a close, it’s crucial for taxpayers to stay ahead of the curve with the latest tax updates from the IRS. From updated tax brackets to increased retirement contribution limits, understanding these developments is essential for…
The Internal Revenue Service (IRS) has announced a delay in the new $600 reporting threshold for Form 1099-K for third-party platforms. The delay, announced in a recent notice, will last through calendar year 2023, with the IRS treating it as…
It’s crucial to stay informed about the adjustments affecting taxes, retirement contributions, and Social Security benefits for the upcoming year. These changes, influenced by inflation and cost-of-living considerations, have recently been announced by the IRS and Social Security Administration (SSA)…
According to recent data, the average American can expect to enjoy approximately 20 years in retirement and will spend roughly $987,000 over that time. This redefines the concept of retirement from a fixed end point to a dynamic phase of…
Every Child Deserves A Little Christmas We at Haynie believe that making our communities a better place to live and work is very important. Our offices are giving back this holiday season by participating in Toys for Tots. In honor…
For business owners, determining whether they’re making repairs or improvements can be tricky — but it’s important to be aware that the distinction can have real tax consequences. This article discusses IRS regulations that provide further clarity and guidance on…
As we journey into the second year of navigating the complexities of lease accounting standards (ASC 842), we invite you to join us for a special webinar tailored to address Year 2 considerations. Building upon the success of our previous…
© 2023 When a parent enters a nursing home, taxes are probably the last thing on anyone’s mind. But it’s important to know that several tax breaks may be available to help offset some of the costs. This article provides…
