Cassie

Home/Cassie Ellis, CPA

About Cassie Ellis, CPA

This author has not yet filled in any details.
So far Cassie Ellis, CPA has created 15 blog entries.

Businesses with employees who receive tips may be eligible for a tax credit

If you’re an employer with a business where tipping is customary for providing food and beverages, you may qualify for a federal tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income. Basics [...]

By |2022-03-29T13:24:45-08:00March 28, 2022|Business|Comments Off on Businesses with employees who receive tips may be eligible for a tax credit

The Ins and Outs of IRAs

Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they can help you save for retirement on a tax-favored basis. Here’s an overview. Traditional IRAs You [...]

By |2022-03-29T13:24:26-08:00March 23, 2022|Individual|Comments Off on The Ins and Outs of IRAs

Defer tax with a like-kind exchange

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange where you exchange the property rather than sell it. With [...]

By |2022-03-29T13:24:07-08:00March 21, 2022|Business|Comments Off on Defer tax with a like-kind exchange

How are court awards and out-of-court settlements taxed?

Awards and settlements are routinely provided for a variety of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment. Some of this money is taxed by the federal government, and perhaps state [...]

By |2022-03-29T13:23:46-08:00March 16, 2022|Individual|Comments Off on How are court awards and out-of-court settlements taxed?

New digital asset reporting requirements will be imposed in coming years

  The Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 2021. It includes new information reporting requirements that will generally apply to digital asset transactions starting in 2023. Cryptocurrency exchanges will be required to perform intermediary [...]

By |2022-03-13T16:44:51-08:00February 28, 2022|Individual|Comments Off on New digital asset reporting requirements will be imposed in coming years
Go to Top