The Nash Group P.S.: Your Trusted Certified Public Accountant in Tacoma, WA.

 


Get Ready for Changes in 2023 Tax Reporting

As a Certified Public Accountant (CPA), we understand the importance of staying up-to-date with the latest tax changes. One major change that's set to take effect this year is the reporting requirement for third-party payment processors, such as Paypal and Stripe. Starting in 2023, any transactions that exceed $600 must be reported on form 1099.

Prepare for Smaller Tax Refunds

In addition to the changes in tax reporting, the IRS has announced that taxpayers can expect smaller refunds this year. This is due to the elimination of COVID-era credits and refunds that have not been extended for the 2022 filing season. People with dependents will also see a decrease in credits, as the child tax credit has been reduced back down to pre-2020 levels.

Turn to The Nash Group P.S. for Expert Tax Advice

At The Nash Group P.S., our Certified Public Accountants understand the complexities of tax laws and regulations. Our team of experienced CPAs is here to help you navigate the changes and plan for a successful tax season. Contact us today to learn more about how we can help.

If you need assistance with your personal or business tax matters, Call The Nash Group Certified Public Accountants today for all your tax needs.

https://nashgroupcpas.com

The Nash Group P.S., Certified Public Accountants

2010 65th Ave W.

Fircrest, WA 98466

(253) 752-9522

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