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On May 31, 2023, Intuit will discontinue certain aspects of QuickBooks Desktop 2020 for Windows. Users will no longer be able to access add-on features such as payroll, online support and online banking starting June 1. Though the product will still function, users will also not receive any c Read More

Janover is pleased to announce it has been named a 2023 Top Workplace for Culture Excellence by Top Workplaces, a national employer recognition program. This year, Janover has been recognized in all five Culture Excellence categories – Leadership, Innovation, Compensation & Benefits, Wo Read More

The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle (CV) Credit, previously known as the Electric Vehicle (EV) Credit. The credit now covers “clean vehicles,” which include plug-in hybrids, hydrogen fuel cell cars and EVs.  On April 18, 2023, the IRS Read More

6/27/2023 Update: The IRS has released more information about the taxation of virtual assets related to transactions. Please see here for more. The IRS and Treasury Department have released a notice signaling their intent to issue formal guidance on the taxation of some nonfungible tokens (NF Read More

President Biden released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over 10 years, includes numerous provisions that would affect the tax bills of both individuals and businesses. While most of these Read More

Janover is thrilled to announce it has been named a Top Firm in the Mid-Atlantic as well as a Firm to Watch for 2023 by Accounting Today. Each year, the public accounting news provider compiles and ranks accounting firms across the country based on total revenue. Among others in New York, New Read More

In a 5-4 vote, the U.S. Supreme Court determined that Report of Foreign Bank and Financial Accounts (FBAR) penalties will no longer be applied per account. With this decision, made on February 28, 2023, taxpayers in non-willful cases will now only be subject to FBAR penalties for the non-will Read More

Many people often interchange the terms estate tax and inheritance tax and confuse the differences between the two. While both are taxes associated with a person’s death and fall under the category of “death taxes”, they are two separate and distinct types of taxes. The umbrella term � Read More

Included among the IRS inflation adjustments for tax year 2023 were changes to estate, gift and generation-skipping transfer (GST) tax exemptions. Under the Tax Cuts and Jobs Act (TCJA), estate, gift and GST exemption amounts are at an all-time high, but assuming there are no changes in the l Read More

Janover is thrilled to announce it has been recognized as a 2023 Top Workplace USA. This annual award includes organizations across the country that prioritize a people-centered culture. 2023 marks the second consecutive year Janover has received this recognition.  Top Workplaces partnered w Read More