Accounting Associates, Inc.

09/29/2025

Are you a tipped worker? Here is clarification on the "no tax on tips" provision

IR-2025-92, Sept. 19, 2025 — The Department of the Treasury and the Internal Revenue Service today provided guidance on “no tax on tips” provision. The One, Big, Beautiful Bill proposed regulations identify occupations customarily and regularly receive tips and define “qualified tips” elig...

12/16/2024

‼️Required Minimum Distribution reminder‼️ If you haven't received your 2024 RMDs, you will need to get them by 12/31 to avoid penalty.

Review the required minimum distribution rules for certain retirement plans, including traditional IRAs, SEP IRAs, SIMPLE IRAs and 401(k) plans.

12/27/2023

Don't forget to take your 2023 Required Minimum Distributions. Those must be distributed by December 31st. If you haven't done so, contact whomever holds your IRA(s)

IR-2023-246, Dec. 20, 2023 — The Internal Revenue Service today reminded people born before 1951 of the year-end deadlines to take required minimum distributions (RMDs) from funds held in individual retirement arrangements (IRAs) and other retirement plans, and noted new requirements under the law...

01/19/2023

01/13/2023

It's almost tax time!

Newsletters are going out in today's mail. Please be sure to open asap.

07/05/2022

Our move is complete and we are thrilled to be at our new location. Our phone number and emails have not changed.