TAX NEWS UPDATE!!
The latest in a series, the American Taxpayer Relief Act, was passed by Congress on January 1st, and extends many expired tax provisions through 2013 and beyond. A few of the changes in the tax code are retroactive to 2012. The staff at Burdette Smith & Bish are actively reviewing all of these changes to see what effect they will have on our clients. The good news is that any of the retroactive changes are beneficial - additional deductions or tax credits that had expired last year.
Here is a great summary from the Journal of Accountancy:
If you have questions about how this law affects your personal tax situation, please call us!
Burdette Smith & Bish LLC is a regional accounting firm based in Fairfax, Virginia. Our team of CPAs specializes in accounting and tax engagements for businesses and individuals. While most of our clients are based in the Washington, DC metropolitan area, many have business interests throughout the world. Our mission is to provide expert, customer-oriented accounting based on trust, commitment and service; our goal is to be your CPA of choice.
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