Saver’s Credit Can Help You Save for Retirement

Low- and moderate-income workers can take steps to save for retirement and earn a special tax credit. The saver’s credit, also called the retirement savings credit, helps offset part of the first $2,000 workers voluntarily contribute to traditional or Roth individual retirement arrangements (IRAs), SIMPLE IRAs, SEPs, 401(k) plans, 403(b) plans for employees of public […]

John F. Coggin, CPA MBAPrincipal, John F. Coggin CPA, PLLC

W-2 or 1099-NEC: Which Form Should Your SMB Use for Which Workers?

Filing annual wage reports is just one of the many end-of-year responsibilities expected of every business. But the task is not as straightforward as some would think. The reports get sent to the people who have received wages, and at the same time they get filed with the Social Security Administration (SSA) or the Internal […]

John F. Coggin, CPA MBAPrincipal, John F. Coggin CPA, PLLC

Didn’t Get Your Economic Impact Payment? You Can Claim It on Your 2020 Return.

One of the more tax-troubling issues this year has been the distribution of what Congress referred to as the recovery rebates. You may know these payments as the Economic Impact Payments (EIPs) or stimulus payments, names that the IRS took the liberty of creating. These payments were meant to provide financial assistance to individuals and […]

John F. Coggin, CPA MBAPrincipal, John F. Coggin CPA, PLLC

Sejong joins IR as the exclusive Audit & Assurance Services Member in South Korea

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce David Kim of Sejong. David has joined IR as our exclusive Audit & Assurance Services Member in South Korea. On the basis of our people and deep experience in the accounting, payroll, cash management, and tax compliance issues, set forth below is […]

David KimCPA, Sejong

Sejong joins IR as the exclusive Audit & Assurance Services Member in South Korea

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Joey Yoon of Sejong. Joey has joined IR as our exclusive Audit & Assurance Services Member in South Korea. On the basis of our people and deep experience in the accounting, payroll, cash management, and tax compliance issues, set forth below is […]

Joey YoonCPA, Sejong

How to Address Rising Tax Problems During COVID-19

COVID-19 has caused the death of over 300,000 people. There have been nearly 19 million reported cases in the United States. COVID-19 has touched nearly every aspect of the lives of every American. It has even affected finances for most Americans as well, creating waves of economic stress. It will have some tax implications that many […]

John F. Coggin, CPA MBAPrincipal, John F. Coggin CPA, PLLC

Finally, The COVID Relief Package Is Law

After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters, as 2020 was coming to an end, horses were traded, and deals were made so that Congress could put together the much-needed legislation. The result is a nearly 5,600-page omnibus bill, the Consolidated Appropriations […]

John F. Coggin, CPA MBAPrincipal, John F. Coggin CPA, PLLC