Accounting and Tax Blog

Welcome to the Pasquesi Sheppard Blog, your go-to destination for insightful articles, expert advice and all things related to accounting, finance and business management.

Your estate plan: Don’t forget about income tax planning

Businesses will soon be able to deduct more under the standard mileage rate

Social Security benefits: Do you have to pay tax on them?

Is it a good time for a Roth conversion?

Is Alimony Taxable in Illinois?

Inflation enhances the 2023 amounts for Health Savings Accounts

Thinking about converting your home into a rental property?

Want to turn a hobby into a business? Watch out for the tax rules

Valuable gifts to charity may require an appraisal

Businesses: Prepare for the lower 1099-K filing threshold

How to Deduct Medical Expenses: A Guide to Medical Tax Deductions

Caring for an elderly relative? You may be eligible for tax breaks