Hughes Accounting, LLC

11/06/2025

https://www.forbes.com/sites/kellyphillipserb/2025/11/05/irs-gives-employers-a-breather-on-no-tax-on-tips-overtime-reporting-for-2025/

The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and payers. To help, the IRS is offering penalty relief in 2025.

10/06/2025

With an Oct. 15 tax deadline looming for many and guidance needed on H.R. 1, the AICPA says it’s imperative that the IRS keep all employees on the job.

04/13/2025

Reminder for individuals and businesses in areas covered by 2024 disaster declarations that their 2024 federal income tax returns and tax payments for tax year 2024 are due on Thursday, May 1, 2025. Taxpayers in three additional states face fall deadlines.

IR-2025-41, April 4, 2025 — The Internal Revenue Service today reminds individuals and businesses in area covered by 2024 disaster declarations that their 2024 federal income tax returns and tax payments for tax year 2024 are due on Thursday, May 1, 2025.

03/25/2025

Thank you to everyone who voted for us as "Best Accounting Firm" in the 2025 Horry Independent Readers' Choice Award!

01/10/2025

"The Internal Revenue Service announced today tax relief for individuals and businesses in southern California affected by wildfires and straight-line winds that began on Jan. 7, 2025.

These taxpayers now have until Oct. 15, 2025, to file various federal individual and business tax returns and make tax payments.

The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). Currently, individuals and households that reside or have a business in Los Angeles County qualify for tax relief.

The same relief will be available to any other counties added later to the disaster area. The current list of eligible localities is always available on the Tax relief in disaster situations page on IRS.gov."

IR-2025-10: IRS: California wildfire victims qualify for tax relief; various deadlines postponed to Oct. 15 Internal Revenue Service (IRS) sent this bulletin at 01/10/2025 05:20 PM EST IRS Newswire January 10, 2025 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts...

10/11/2024

"Due to Hurricane Milton, the Internal Revenue Service today announced relief for individuals and businesses in 51 counties in Florida.

Individuals and businesses in six counties that previously did not qualify for relief under either Hurricane Debby or Hurricane Helene will receive disaster tax relief beginning Oct. 5, 2024, and concluding on May 1, 2025."

IR-2024-264: IRS provides Hurricane Milton relief; May 1 deadline now applies to individuals and businesses in all of Florida; many businesses qualify for deposit penalty relief Internal Revenue Service (IRS) sent this bulletin at 10/11/2024 10:50 AM EDT IRS Newswire October 11, 2024 News Essentials...

10/01/2024

"The Internal Revenue Service today announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina and South Carolina and parts of Florida, Tennessee and Virginia." Read bulletin for more information.

IR-2024-253: IRS provides relief for Helene; various deadlines postponed to May 1, 2025; part or all of 7 states qualify Internal Revenue Service (IRS) sent this bulletin at 10/01/2024 04:50 PM EDT IRS Newswire October 1, 2024 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Me...

10/01/2024

"The Internal Revenue Service today announced disaster tax relief for individuals and businesses in parts of Illinois affected by severe storms, tornadoes, straight-line winds and flooding that began on July 13, 2024.

Affected taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments." Read bulletin for more information.

IR-2024-250: IRS relief now available to storm victims in parts of Illinois; multiple deadlines postponed to Feb. 3, 2025 Internal Revenue Service (IRS) sent this bulletin at 10/01/2024 09:05 AM EDT IRS Newswire October 1, 2024 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance M...

09/30/2024

"The Internal Revenue Service today issued guidance providing tax relief for farmers and ranchers in applicable regions forced to sell or exchange livestock because of drought conditions.

Under the guidance, farmers and ranchers may have an extended period of time to replace their livestock and defer tax on any gains from the forced sales or exchanges." Click link for more information.

IR-2024-248: IRS extends relief to farmers and ranchers impacted by drought in 41 states, other regions Internal Revenue Service (IRS) sent this bulletin at 09/30/2024 12:30 PM EDT IRS Newswire September 30, 2024 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts F...

08/09/2024

"The Internal Revenue Service today announced tax relief for individuals and businesses in four states affected by Hurricane Debby.

Affected taxpayers in South Carolina, North Carolina, Florida and Georgia now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments." Click to read bulletin for specifics.

IR-2024-205: IRS relief now available to Hurricane Debby victims in all of South Carolina, most of Florida and North Carolina, part of Georgia; various deadlines postponed to Feb. 3, 2025 Internal Revenue Service (IRS) sent this bulletin at 08/09/2024 02:05 PM EDT IRS Newswire August 9, 2024 News Es...

04/05/2024

https://open.substack.com/pub/gtax/p/beware-this-solar-panel-tax-scam?r=i7ybm&utm_campaign=post&utm_medium=email

Tax losses that are too good to be true usually are