Matthews, Carter & Boyce, P.C.

It's a good day to brush up on the tax benefits of home ownership! We break them down here, including deductions to be aware of, working around capital gains and how home improvement can affect taxes. For example, did you know that home improvement projects rooted in medical assistance — like installing accessibility ramps or widening doorways — could be deducted as medical expenses? Learn more: https://lnkd.in/eSznxtB3 #taxtips #taxdeductions #homeownership #capitalgains #taxplanning #taxdeduction #taxtip #taxes #taxcredits #taxseason #homeowners #mortgage #mortgateinterestdeduction #taxadvisory #cpas

The nuts and bolts of irrevocable trusts: https://lnkd.in/eErWNZYc #taxtip #irrevocabletrusts #tax #taxtips #taxadvisory #assets #taxplanning #estateplanning #estateplan #taxadvisory #cpas #trusts #estates #trustsandestates #taxtiptuesday

How do you apply for tax-exempt status? First, you’ll need to figure out whether your organization is categorized as a trust, a corporation, or an association. Here are the steps to determine whether your organization is eligible: https://lnkd.in/eZhy6iRP #taxtip #taxexempt #taxexemption #taxexemptstatus #nonprofit #taxadvisory #taxtips #cpas #taxadvisors #taxexemptorganization

If you are growing your family through adoption, you might qualify for an Adoption Tax Credit, which can be applied to international, domestic, private, and public foster care adoption. Here's how you can claim this credit: https://lnkd.in/ef44gUiG #taxtip #adoptiontaxcredit #taxtipTuesday #taxes #taxadvisory #taxcredit #taxcredits #tax #taxadvisors #adoption

If your business has more than 100 employees you must provide details about the gender and race/ethnicity of its workforce to the EEOC. This EEO-1 Component 1 report is mandatory and opens on April 30 with a deadline to file by June 4. Here's how to get started: https://lnkd.in/eUWrbmkq #eeoc #eeocreporting #businessowners #business #workforce

Are you eligible to claim and receive the Earned Income Tax Credit? Don’t assume that you are ineligible for the EITC just because you cannot claim children on your tax return.  The amount of credit that you are awarded can change depending on whether you have children, dependents or a disability, among other criteria: https://lnkd.in/epbZTNDU Follow us for more #taxtips to get you ready for next #taxseason! #cpas #taxadvisory #taxadvisors #taxquestions #taxtips #taxtipTuesday

As a taxpayer in the US, you’re entitled to a fair and impartial administrative appeal of most IRS decisions, including many IRS-related penalties. Essentially, it is within your rights to expect and receive a written response regarding the decision from the IRS Independent Office of Appeals. The Independent Office of Appeals is separate from the IRS office that will review your case. Also, the Independent Office of Appeals will not discuss a case with the IRS if the communication appears to compromise the independence of an appeal. What to know about your right to appeal https://lnkd.in/eyC6xC4Y #IRS #appeal #taxes #taxseason #IRSpenalty #taxtips #tax #taxadvisory

MCB was proud to sponsor the Small Business Investor Alliance 2024 West Coast Capital Summit for the 13th year. A great event! https://lnkd.in/gA2jyiyt #investmentcompanies #privateequity #investment #sbia #investors #business #smallbusiness #investmentbankers

Enjoyed the celestial celebration with our team on Monday! #eclipse #2024 #whatgoesaround #teambuilding

Matthews, Carter & Boyce is pleased to announce our firm has been named to Accounting Today’s Regional Leaders for 2024! The recognition is part of Accounting Today’s annual list featuring regional leaders across the country. Read our official announcement: https://lnkd.in/g7R7QPJs #accountants #cpas #accountingfirm #regionalleaders #cpafirm #DMV #dmvregion #dc #maryland #virginia #dcmetro #financialprofessionals