News & Events

Tax Season Opens January 27, 2020

Tax season for individual tax return filers will officially start on Jan. 27, 2020, when the IRS will begin accepting and processing returns for tax…

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IRS Announces 2020 Standard Mileage Rates

The Internal Revenue Service (IRS) has issued the 2020 standard mileage rates. Beginning on January 1, 2020, the standard mileage rates for the use of…

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BREAKING NEWS: SECURE Act Heading To Congress, Passage Likely.

The SECURE Act, which we first brought to your attention in June due to its potential impact on estate and retirement planning, as well as…

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Retirement Plan Contribution Limits Increased For 2020

The IRS announced this week changes in retirement plan contribution limits for 2020. The limit on elective deferral contributions to Sec. 401(k) plans, Sec. 403(b)…

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IRS Announces 2020 Inflation Adjustments, Tax Tables

The IRS issued this week the 2020 annual inflation adjustments for many tax provisions as well as the 2020 tax rate tables for individuals and…

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New Overtime Regulations Announced

What The New Overtime Regulations Mean for Your Business

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IRS Issues 2019 to 2020 Per-Diem Rates For Business Travel Away From Home

If you travel for business and incur expenses while away, there are new per-diem rates you need to be aware of.  Beginning October 1, 2019…

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NEWS: 2020 Limits on HSA Contributions

IRS has announced the annual inflation-adjusted limits on deductions for contributions to a health savings account (HSA) allowed for taxpayers with family coverage under a…

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NEWS: 2019 Vehicle Depreciation Limits and Income Inclusions Issued

The IRS has provided the limitations on depreciation deductions for passenger automobiles, which include trucks and vans, first placed in service in 2019 and the…

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BGW CPA, PLLC Teammate Alleson Morris Graduates From Vision Henderson County

BGW CPA, PLLC wishes to congratulate teammate Alleson Morris for graduating this past week from the Vision Henderson County leadership class sponsored by Blue Ridge…

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