Comiskey & Company, P.C.

On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two important new laws that could affect your financial …

Read More about Year-end spending package tackles retirement planning, conservation easements →

It’s been a tumultuous year for many businesses, and the current economic climate promises more uncertainty for the short term, if not longer. Regardless of how your company has fared so far in 2022, …

Read More about Act now to reduce your business’s 2022 tax bill →

The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, many amounts increased considerably over 2022 amounts. As you …

Read More about What do the 2023 cost-of-living adjustment numbers mean for you? →

Mitigating the adverse effects of climate change is one of the primary targets of the recently enacted Inflation Reduction Act (IRA). To that end, the legislation is packed with tax incentives, …

Read More about Inflation Reduction Act expands deductions for energy-efficient construction →

When President Biden signed the Inflation Reduction Act (IRA) into law in August, most of the headlines covered the law’s climate change and health care provisions. But the law also enhances an often …

Read More about Inflation Reduction Act expands valuable R&D payroll tax credit →

While the recently announced student loan debt relief has captured numerous headlines, it’s estimated that another federal relief program announced on the same day will provide more than $1.2 billion …

Read More about IRS offers penalty relief for 2019, 2020 tax years →