Tax Season 2023 – Preparing & Organizing

Tax Season 2023 – Preparing & Organizing

The excitement of a new year always brings along tax season and another year of thrilling income tax filings! Seriously, while the new year is an opportunity for a fresh start, tax season doesn’t have to be a challenge. Gathering the information required for...
Year-In-Review 2022: Culpepper CPA

Year-In-Review 2022: Culpepper CPA

Every January we wipe the proverbial slate clean – we review the past year and plan for the upcoming one. This year we had a lot to celebrate – for one, we turned 10! The goal when Culpepper CPA started was to take our diverse, extensive experience and shift from the...
Tax Planning for 2022

Tax Planning for 2022

Driving down the streets, you can see lights, Christmas trees, and other decorations on nearly every corner – which can only mean one thing: Another year-end is upon us. You’re probably like us, wondering where 2022 went! The year has certainly flown by for us here at...
Outsourcing Your Bookkeeping – to do or not to do?

Outsourcing Your Bookkeeping – to do or not to do?

Bookkeeping: your favorite part of operating a small business, right? Let’s face it, you got into business for other reasons. Your area of expertise – whether technical, sales and marketing, operations, or some other specialization – is what drives your business and...
Year-In-Review 2021: Culpepper CPA

Year-In-Review 2021: Culpepper CPA

It’s hard to believe another year has passed! As some of you may know, it has become a bit of a tradition for us to post an annual year-in-review. For us this serves as more than a reflection of the past year; it gives us an opportunity to connect with our team and...
Tax Planning for the 2021 Year End

Tax Planning for the 2021 Year End

The year 2022 – it still sounds like a long way away, but it’s barely 30 days at this point. You’re probably thinking you still have at least three or four months before needing to deal with your 2021 tax return; however, the fourth quarter is the best time for...
Build Back Better bill – a summary

Build Back Better bill – a summary

President Biden’s Build Back Better bill, the latest proposal in what is now a long series of new tax legislation enacted over the past 18 months, is still not across the finish line as of the time of this writing. Approximately half a dozen moderate House Democrats...
Common Themes of COVID Tax Legislation

Common Themes of COVID Tax Legislation

Benjamin Franklin said it best – “in this world, nothing is certain except death and taxes”. That rang true more in the last eighteen months than we ever anticipated, making for some rather challenging times. Here, we take a look back and discuss some of the latest...
Child Tax Credit – 2021 & Beyond

Child Tax Credit – 2021 & Beyond

Do you have a child under the age of 18?  40% of the U.S. population does! If you are in that group, how does an increased child tax credit sound?  Below, we discuss what changes are in store for the upcoming tax year that could impact your tax return. It is expensive...
Tax Proposals by Biden-Harris Administration

Tax Proposals by Biden-Harris Administration

Now that the new administration has started to outline some of its key proposals, we want to tell you about some of those proposals that are tax-specific in nature. Shortly after the election, we wrote about some of then President-Elect Biden’s tax plans. With more...

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