Davis & Hodgdon Associates CPAs

?? Is Tax Loss Harvesting Right for You? ?? #Tax loss harvesting can be a powerful strategy to offset capital gains and reduce your tax bill, but is it the right move for your #financial situation? ?? Before diving in, it's important to understand how it works and whether it aligns with your #goals. ?? Find out if tax loss harvesting is a smart strategy for you and how it can help optimize your tax planning. Read the full blog post here: https://lnkd.in/dTSr8vxr #TaxLossHarvesting #TaxStrategy #FinancialPlanning #Investing #TaxTips #SmartInvesting #TaxSeason #DHAdvisoryGroup #VermontCPAs #DavisandHodgdon #VermontAccountant

?? Tax Season Alert: Protect Yourself from Scammers ?? #Tax season is a prime time for scammers looking to take advantage of unsuspecting victims. Whether it's phishing emails or fraudulent tax preparers, these #scams are becoming more sophisticated every year. ?? Don’t let your personal information or #finances fall into the wrong hands! ?? It's crucial to stay informed and be vigilant. ?? Learn about the most common tax-related scams and how you can protect yourself and your loved ones from falling victim this season. Read the full blog post here: https://lnkd.in/edJ7k5dx #TaxSeason #TaxScams #FraudPrevention #StaySafe #ProtectYourself #TaxFraud #ScamAwareness #DHAdvisoryGroup #VermontCPAs #DavisandHodgdon #VermontAccountant

?? The business tax return deadline (3/17) has passed—now it’s time to start #planning ahead for 2025! ?? Staying updated on new #tax laws and legislation helps us identify opportunities to reduce both your current and future tax liabilities. Don’t wait until a problem arises—let’s take a #proactive approach to your tax strategy! ?? Learn more about our proactive tax planning services for business owners here: https://lnkd.in/etj8DcfA #TaxPlanning #BusinessTaxes #ProactiveStrategy #SmallBusiness #DHAdvisoryGroup #VermontCPAs #DavisandHodgdon #VermontAccountant

???? The #IRS is urging taxpayers to file their returns or pay any #taxes owed online by April 15! Using the digital tools on IRS.gov can help you avoid late filing penalties and interest fees. Don’t wait—get it done quickly and easily! Want to learn more? Click here! https://lnkd.in/ea4FhYbs #TaxTips #IRS #TaxSeason #FileOnTime #DHAdvisoryGroup #VermontCPAs #DavisandHodgdon #VermontAccountant

?? Attention Retirees! ?? The #IRS has issued an important reminder: If you turned 73 in 2024, you must begin receiving payments from your #IRAs, #401(k)s, and other #retirement plans by April 1, 2025. ?? Typically, Required Minimum Distributions (#RMDs) must be taken by the end of the year, but for those who turn 73 in 2024, you get a special rule that allows you to delay your first RMD until April 1, 2025. This applies to IRA owners and participants born after December 31, 1950. Make sure you're prepared and don’t miss this important deadline! For more details, check out the full blog post from the IRS here: https://lnkd.in/gdSAF6FQ ?? #RetirementPlanning #IRSReminder #RMD #Retirees #Finance #Retirement #DHAdvisoryGroup #VermontCPAs #DavisandHodgdon #VermontAccountant

?? Happy St. Patrick’s Day from Davis & Hodgdon! ?? This St. Patrick’s Day, let us help you find your #financial pot of gold! ???? Whether it's #tax planning or #business strategy, we've got you covered. With our expertise and a little luck, your financial goals are within reach. Here’s to a prosperous year ahead! ?? https://lnkd.in/e7-_n6Kh #StPatricksDay #CPA #FinancialSuccess #TaxPlanning #LuckOfTheIrish

?? IRS Announces #Interest Rates for Q2 2025 ?? The Internal Revenue Service (#IRS) has just announced that interest rates will remain the same for the calendar quarter starting April 1, 2025. Here's a breakdown of the rates: ?? For Individuals: ? 7% for overpayments (if you paid more than owed), compounded daily ? 7% for underpayments (if you owe taxes but haven't paid in full) ?? For Corporations: ? 6% for corporate overpayments ? 4.5% for overpayments exceeding $10,000 ? 9% for large corporate underpayments For more details on how these rates may affect you, visit the IRS website! #IRS #InterestRates #Taxes #TaxUpdate #Vermont #DHAdvisoryGroup #VermontCPAs #DavisandHodgdon #VermontAccountant

Did you know that you can still make moves to lower your 2024 #tax bill? Consider increasing contributions to your #Roth, traditional #IRA, or other #retirement savings account. Contributions can be made through April 15, 2025. For more information including 2024 contribution limits visit: https://buff.ly/0fKO5Ft #Vermont #DHAdvisoryGroup #VermontCPAs #DavisandHodgdon #VermontAccountant

?? Attention Vermont Small & Mid-Size Business Owners! ?? The Vermont Department of Taxes has just released new FAQs designed to help #businesses like yours navigate filing requirements and procedures. These updated guidelines make #tax compliance easier and clearer for Vermont-based businesses. Check out the full blog post for all the details! ?? https://buff.ly/vPH7k9v #VermontBusiness #TaxTips #SmallBusiness #BusinessOwner #VermontTaxes #TaxCompliance #Vermont #DHAdvisoryGroup #VermontCPAs #DavisandHodgdon #VermontAccountant

Tax Season 2025 is Here! ???? Ready to #file your 2024 #tax return? The earlier you start, the more time you’ll have to: ? Double-check your documents ? Maximize your refund ? Minimize last-minute stress Get tips on how to prepare and make this tax season your smoothest yet. Read more on our blog: https://buff.ly/4gZLXVu #TaxSeason2025 #TaxTips #FileEarly #MaximizeYourRefund #DHAdvisoryGroup #VermontCPAs #DavisandHodgdon #VermontAccountant