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Edwards, Ellis & Associates, P.C.’s mission is to be your most trusted business advisor and to create value through the accounting, tax, and professional consulting services we provide. We are here to provide insightful advice to empower you to make informed financial decisions.

Trusts: Types, Purposes and Benefits

Trusts: Types, Purposes and Benefits

A trust allows you to be specific about how, when and to whom your assets are distributed. Trusts can be arranged for a variety of different goals: to reduce estate taxes, to transfer property and to preserve assets for minors or a charity. Trusts offer more flexibility than a will to control your assets. You …

7 Tips for Building Business Credit

7 Tips for Building Business Credit

Building credit for a small business is difficult, especially if you do not want to post a personal guarantee. It is possible, though, if the following guidelines are followed: Get in touch with Edwards, Ellis & Associates, P.C for more ideas to help in all aspects of your business….

IRS Announces HSA Limits for 2024

IRS Announces HSA Limits for 2024

In the recently released Rev. Proc. 2023-23, the IRS has made annual inflation adjustments to health savings accounts: The HSA catchup contribution limit for those age 55 and older is set by statute at $1,000 and remains unchanged. What’s behind the changes The Society for Human Resource Management noted that the annual contribution limits are …

Inherited IRA Rules Altered by the SECURE Act

Inherited IRA Rules Altered by the SECURE Act

If you find yourself in a position where you recently inherited an IRA, you might feel as though you’re at a crossroads filled with many planning tasks pertaining to estates, finances and taxes. According to IRS regulations instituted in 2020 (with significant updates later), the majority of beneficiaries who inherit IRAs must withdraw their portion …

New Form I-9 To Be Released

New Form I-9 To Be Released

The U.S. Citizenship and Immigration Services released the following statement on July 21, 2023: On Aug. 1, 2023, U.S. Citizenship and Immigration Services will publish a revised version of Form I-9, Employment Eligibility Verification (PDF, 899.28 KB). Among the improvements to the form is a checkbox employers enrolled in E-Verify can use to indicate they remotely examined …

Trusts: Types, Purposes and Benefits

Trusts: Types, Purposes and Benefits

A trust allows you to be specific about how, when and to whom your assets are distributed. Trusts can be arranged for a variety of different goals: to reduce estate taxes, to transfer property and to preserve assets for minors or a charity. Trusts offer more flexibility than a will to control your assets. You …

7 Tips for Building Business Credit

7 Tips for Building Business Credit

Building credit for a small business is difficult, especially if you do not want to post a personal guarantee. It is possible, though, if the following guidelines are followed: Get in touch with Edwards, Ellis & Associates, P.C for more ideas to help in all aspects of your business….

IRS Announces HSA Limits for 2024

IRS Announces HSA Limits for 2024

In the recently released Rev. Proc. 2023-23, the IRS has made annual inflation adjustments to health savings accounts: The HSA catchup contribution limit for those age 55 and older is set by statute at $1,000 and remains unchanged. What’s behind the changes The Society for Human Resource Management noted that the annual contribution limits are …

Inherited IRA Rules Altered by the SECURE Act

Inherited IRA Rules Altered by the SECURE Act

If you find yourself in a position where you recently inherited an IRA, you might feel as though you’re at a crossroads filled with many planning tasks pertaining to estates, finances and taxes. According to IRS regulations instituted in 2020 (with significant updates later), the majority of beneficiaries who inherit IRAs must withdraw their portion …

New Form I-9 To Be Released

New Form I-9 To Be Released

The U.S. Citizenship and Immigration Services released the following statement on July 21, 2023: On Aug. 1, 2023, U.S. Citizenship and Immigration Services will publish a revised version of Form I-9, Employment Eligibility Verification (PDF, 899.28 KB). Among the improvements to the form is a checkbox employers enrolled in E-Verify can use to indicate they remotely examined …

Trusts: Types, Purposes and Benefits

Trusts: Types, Purposes and Benefits

A trust allows you to be specific about how, when and to whom your assets are distributed. Trusts can be arranged for a variety of different goals: to reduce estate taxes, to transfer property and to preserve assets for minors or a charity. Trusts offer more flexibility than a will to control your assets. You …

7 Tips for Building Business Credit

7 Tips for Building Business Credit

Building credit for a small business is difficult, especially if you do not want to post a personal guarantee. It is possible, though, if the following guidelines are followed: Get in touch with Edwards, Ellis & Associates, P.C for more ideas to help in all aspects of your business….

IRS Announces HSA Limits for 2024

IRS Announces HSA Limits for 2024

In the recently released Rev. Proc. 2023-23, the IRS has made annual inflation adjustments to health savings accounts: The HSA catchup contribution limit for those age 55 and older is set by statute at $1,000 and remains unchanged. What’s behind the changes The Society for Human Resource Management noted that the annual contribution limits are …

Inherited IRA Rules Altered by the SECURE Act

Inherited IRA Rules Altered by the SECURE Act

If you find yourself in a position where you recently inherited an IRA, you might feel as though you’re at a crossroads filled with many planning tasks pertaining to estates, finances and taxes. According to IRS regulations instituted in 2020 (with significant updates later), the majority of beneficiaries who inherit IRAs must withdraw their portion …

New Form I-9 To Be Released

New Form I-9 To Be Released

The U.S. Citizenship and Immigration Services released the following statement on July 21, 2023: On Aug. 1, 2023, U.S. Citizenship and Immigration Services will publish a revised version of Form I-9, Employment Eligibility Verification (PDF, 899.28 KB). Among the improvements to the form is a checkbox employers enrolled in E-Verify can use to indicate they remotely examined …

Trusts: Types, Purposes and Benefits

Trusts: Types, Purposes and Benefits

A trust allows you to be specific about how, when and to whom your assets are distributed. Trusts can be arranged for a variety of different goals: to reduce estate taxes, to transfer property and to preserve assets for minors or a charity. Trusts offer more flexibility than a will to control your assets. You …

7 Tips for Building Business Credit

7 Tips for Building Business Credit

Building credit for a small business is difficult, especially if you do not want to post a personal guarantee. It is possible, though, if the following guidelines are followed: Get in touch with Edwards, Ellis & Associates, P.C for more ideas to help in all aspects of your business….

IRS Announces HSA Limits for 2024

IRS Announces HSA Limits for 2024

In the recently released Rev. Proc. 2023-23, the IRS has made annual inflation adjustments to health savings accounts: The HSA catchup contribution limit for those age 55 and older is set by statute at $1,000 and remains unchanged. What’s behind the changes The Society for Human Resource Management noted that the annual contribution limits are …

Inherited IRA Rules Altered by the SECURE Act

Inherited IRA Rules Altered by the SECURE Act

If you find yourself in a position where you recently inherited an IRA, you might feel as though you’re at a crossroads filled with many planning tasks pertaining to estates, finances and taxes. According to IRS regulations instituted in 2020 (with significant updates later), the majority of beneficiaries who inherit IRAs must withdraw their portion …

New Form I-9 To Be Released

New Form I-9 To Be Released

The U.S. Citizenship and Immigration Services released the following statement on July 21, 2023: On Aug. 1, 2023, U.S. Citizenship and Immigration Services will publish a revised version of Form I-9, Employment Eligibility Verification (PDF, 899.28 KB). Among the improvements to the form is a checkbox employers enrolled in E-Verify can use to indicate they remotely examined …

Trusts: Types, Purposes and Benefits

Trusts: Types, Purposes and Benefits

A trust allows you to be specific about how, when and to whom your assets are distributed. Trusts can be arranged for a variety of different goals: to reduce estate taxes, to transfer property and to preserve assets for minors or a charity. Trusts offer more flexibility than a will to control your assets. You …

7 Tips for Building Business Credit

7 Tips for Building Business Credit

Building credit for a small business is difficult, especially if you do not want to post a personal guarantee. It is possible, though, if the following guidelines are followed: Get in touch with Edwards, Ellis & Associates, P.C for more ideas to help in all aspects of your business….

IRS Announces HSA Limits for 2024

IRS Announces HSA Limits for 2024

In the recently released Rev. Proc. 2023-23, the IRS has made annual inflation adjustments to health savings accounts: The HSA catchup contribution limit for those age 55 and older is set by statute at $1,000 and remains unchanged. What’s behind the changes The Society for Human Resource Management noted that the annual contribution limits are …

Inherited IRA Rules Altered by the SECURE Act

Inherited IRA Rules Altered by the SECURE Act

If you find yourself in a position where you recently inherited an IRA, you might feel as though you’re at a crossroads filled with many planning tasks pertaining to estates, finances and taxes. According to IRS regulations instituted in 2020 (with significant updates later), the majority of beneficiaries who inherit IRAs must withdraw their portion …

New Form I-9 To Be Released

New Form I-9 To Be Released

The U.S. Citizenship and Immigration Services released the following statement on July 21, 2023: On Aug. 1, 2023, U.S. Citizenship and Immigration Services will publish a revised version of Form I-9, Employment Eligibility Verification (PDF, 899.28 KB). Among the improvements to the form is a checkbox employers enrolled in E-Verify can use to indicate they remotely examined …

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Tax Cuts & Jobs Act of 2017

The Tax Cuts & Jobs Act of 2017 was a major piece of legislation that included:

Massive individual tax changes
Massive corporate tax changes
Major pass-through income tax changes
Major estate and gift tax changes

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Blog insights

Trusts: Types, Purposes and Benefits

7 Tips for Building Business Credit

IRS Announces HSA Limits for 2024

Inherited IRA Rules Altered by the SECURE Act

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