Certified Public Accountant specializing in personal, non-profit and forensic accounting and tax preparation
Last month, several members of The Royce CPA Firm team traveled to Las Vegas for Intuit Connect 2025 — an inspiring conference for accounting professionals from across the country. The event was packed with new ideas, valuable insights, and some unforgettable experiences. One of the highlights was hearing from John Foley, former lead solo pilot…
Earlier this year, one of our clients received a dreaded notice from the IRS: “66 of your 320 filed 1099s included invalid TINs. Backup withholding must begin immediately.” This kind of letter isn’t just annoying – it’s serious. It triggers extra paperwork, potential penalties, and required 24% withholding on all future payments to those flagged…
If you’re age 70½ or older, you have a powerful—and often overlooked—way to support the causes you care about while cutting your tax bill: the Qualified Charitable Distribution, or QCD. What Is a QCD? A Qualified Charitable Distribution allows you to transfer funds directly from your IRA to a qualified charity—like your church, alma mater,…
Do you own an S-Corporation and pay for your own health insurance, like Medicare, or a policy through the ACA Marketplace? If so, there’s a very specific step you must take to deduct those premiums on your personal tax return. If you don’t report it properly, you’re missing out on thousands of dollars. How to…
