Accounting Insights | Tax Updates

Social Security Benefits Changing May 1

February 1, 2023February 25, 2016

Individuals ages 66 to 70 must act fast to save thousands of dollars. The Bipartisan Budget Act of 2015 made a major change to a popular Social Security benefit collecting strategy. The two big changes were for Restricted Applications and Voluntary Suspension, sometimes known as File and Suspend. This strategy allows the higher earning spouse … Read more

Beware of IRS Scams

July 23, 2019January 13, 2016

by H2R CPA Team Now that tax season is upon us, H2R CPA would like our clients and friends to beware of fraudulent messages claiming to be from the IRS, aiming to gain access to your personal financial information. Please note the following information from the IRS website: “The IRS doesn’t initiate contact with taxpayers by email, … Read more

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