H2R CPA Blog

H2R CPA Tax Tip: Home Office Deduction

by H2R CPA Team Did you know…? There is a simple way to deduct your home office on your tax return without having to make the complex calculations, allocations, and substantiation of expenses otherwise required. Home office deductions are available to both self-employed taxpayers and employees. It’s important to evaluate whether your home office qualifies … Read more

Social Security Benefits Changing May 1

by Paul K. Rudoy, CPA/PFS, Managing Partner 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. … Read more

Beware of IRS Scams

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