Blog & Insights | Jeremiah K Murphy, CPA Inc

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Strategies for Effective Tax Planning

You should be aware of the different deductions that are allowed using itemized deductions and keep track of them annually.

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New IRS money over the next ten years

Congress just awarded the IRS additional funds over the next ten years amounting to almost $80 Billion!

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Inflation Reduction Act is signed into Law

The Inflation Reduction Act of 2022 officially became law August 16, 2022 when the President signed the bill (H.R. 5376). This act contains significan...

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Inflation Reduction Act of 2022 passes Senate

On August 8, 2022 the US Senate passed a large bill that has a number of clean-energy provisions and billions in credits for individuals and industry.

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Achieving Your Profit Goals

Achieving your profit goals for this year will require planning and time. Get started now!

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Tax Issues when Hiring A Family Member

Hiring your spouse or child could provide some welcome perks, but there are things to watch for!

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S Corporation Election Deadline

Let’s explore what the S Corp election is, why you would want it, and how you can request it.

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What Is Reasonable Compensation for an S Corporation?

If you’re considering taking an S Corporation election, it’s important that you review what obligations are involved in keeping an S Corporation viabl...

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