Byerly & Associates

11/04/2022

Awesome news!!👏👏

AUBURN, Ala., November 03, 2022--Pivotal, an outsourced advisory, accounting, and tax firm focused on serving the business and personal needs of small and medium sized business owners, has acquired Byerly & Associates. The combined firm will be based in Auburn, Alabama and will bring together two li...

11/01/2022

We are very excited to announce that Byerly & Associates has joined the Pivotal team!

Please join us in celebrating this exciting announcement as we build upon both firms’ commitment to world-class service. In the upcoming weeks, be on the lookout for additional information and updates related to our combination.

https://pivotal.finance/

08/12/2022

Hobby verus business? If you want to deduct expenses, you need to know these rules.

The old and fast rules to determine whether your business activity is deemed a hobby in the eyes of the IRS have been replaced by guidelines. Here is what you need to know as you wrap up your business year.

08/05/2022

Before school gets going this fall, check out these school expenses that might help you decrease your tax bill.

Time to buy school supplies? Pay for field trips? Is any of this tax deductible? Here are some ideas to find a tax break in the back to school rush.

08/03/2022

Hobbies cannot deduct expenses per the IRS, outline here are ways to avoid this problem. There are also five great ideas to take advantages of IRAs. Plus much more!

Welcome to the last month of traditional summer vacation! And what better way to lead the final month of summer vacation by outlining ideas to save money while taking that long-deserved break. This month's letter includes a review of five ways to take advantage of IRA accounts to reduce your tax bur...

07/29/2022

Commonly overlooked tax deductions that everyone should know.

The tax code is about 75,000 pages long, so it's not surprising there are many overlooked money-saving deductions hidden within it. Check out these great ideas to lower your tax.

07/22/2022

Time to plan for new contribution levels for your health savings account. Find the 2023 limits here.

Contribution limits for the ever-popular health savings account (HSA) are set for 2023. The new limits increase the amounts you can save and then use to pay for qualified medical expenses with pre-tax dollars.

07/15/2022

Underreported income and math errors are key mistakes that can trigger an audit from the IRS. Having your taxes prepared by a professional can significantly reduce this risk.

The IRS is constantly looking for a reason to audit you. There are several red flags that can identify your tax return as one that needs additional attention. Knowing these indicators can help you avoid the unwanted scrutiny.

07/08/2022

Utilizing the full tax bracket is a smart way to be tax-efficient with your retirement income. Knowing where you stand and how much you should withdraw from your retirement accounts is crucial.

Managing your taxable income during retirement can be complicated. Social Security retirement benefits, retirement plan distributions and supplemental income can quickly impact the amount of tax you must pay. Here is something to consider.

07/06/2022

In a new inflationary world its time to be aware of shrinkflation and review suggestions to get the most out of your bank accounts. Here are some ideas. Plus tax surprises and new mileage rates!

The recent run of inflation is causing many people to rethink how to save and where to spend. In this month’s newsletter, there is a recap of the traditional role of how your bank accounts work together to provide a valued resource to handle your funds. There's also a great article on how to i...