Entries by Sarah Scheffer

Tax Implications of Selling a Home: What You Need to Know

Selling a home is a stressful time for most people. However, based on the temperature of the real estate market, it can also be a profitable experience for property owners. While most people recognize that they will have to pay some type of tax after the sale of their home, they often aren’t sure exactly sure of the tax laws or what they’ll ultimately have to pay.

/by

Congrats on that Bonus! Do You Understand How It Will Be Taxed?

Employees in every industry appreciate a bonus to their current salaries.  We all love being recognized for our work, especially if it involves money. However, as we reach for the bonus check, don’t forget the IRS will also have their hand out. It’s important to understand how bonuses are taxed before spending your earnings.

/by

Leone, McDonnell & Roberts, PA Manager Earns QuickBooks Certification

We are pleased to announce that Manager Tavia Cederberg has successfully completed the Intuit QuickBooks Online Advanced training course, earning her certificate and the designation of ProAdvisor. Tavia successfully completed the core Online QuickBooks course two years ago after a 60-hour study and exam process. Recently, after a full week of training and hours of […]

/by

Cryptocurrency and Taxes – What You Should Know

The IRS recently announced that they have sent almost 10,000 letters to taxpayers who may have incurred a tax liability due to unreported cryptocurrency transactions. These individuals have been identified using data analytics as part of the IRS’s expanded efforts regarding non-compliant taxpayers and cryptocurrency. The government’s goal is to not only make these identified taxpayers compliant but also to educate taxpayers on the reporting requirement that was initially addressed in Notice 2014-21 detailing the taxability of these transactions as well as a very informative FAQ section.

/by

Leone, McDonnell & Roberts, PA Welcomes New Team Members

We are pleased to welcome Molly Burns, MSA, Robert Franger, MSA and Ryan Olver, MSA as Staff Accountants to the Dover, New Hampshire office. All three new hires have interned with the firm multiple times honing in on their skills, getting to know clients and gaining valuable work experience. Growing up in Bedford, New Hampshire, […]

/by