March 2024

FinCEN Beneficial Ownership Information (BOI) Update: Judge’s Ruling Sets Back Law Meant to Fight Money Laundering

An Alabama judge barred the government from collecting certain company ownership data to help the Treasury Department identify money launderers, and called the effort a case of congressional overreach. Legislation is still pending. Read more about this case.

Matthews, Carter & Boyce Named to Washington Business Journal’s Largest Accounting Firms for 2024

Matthews, Carter & Boyce (MCB) is pleased to announce the firm has been named as one of Washington Business Journal’s largest accounting firms in the Greater Washington area. MCB’s ranking was #22, making it a Top 25 firm in the region.

IRS Tools and Resources to Help Small Businesses

The IRS wants to help small businesses understand and meet their tax responsibilities. Get helpful hints on finding resources, staying on track with deadlines, ensuring you make payments on schedule and gaining access to tax forms and e-learning resources.

Intro to Business Deductions

Common business expenses, yes, but what else is and is not deductible? Are there rules for deducting business expenses? Click through to learn how to deduct certain costs of running a business and learn what isn't deductible, like capital expenditures.

Join our Award Winning Team

As one of Accounting Today's Best Firms to Work For and Regional Leaders, we are looking for talent to join our team. We are seeking a Senior Bookkeeper and an entry-level Staff Accountant.

Please share these current openings with anyone you know who would be interested in joining our team.

Recordkeeping for Tax Purposes

Records help you monitor the progress of your firm, prepare financial statements, identify sources of income, keep track of deductible expenses and prepare tax returns. Read on for some advice on recordkeeping.

The Child Tax Credit for 2023-2024

The pandemic profoundly disrupted people's incomes and livelihoods. The federal government responded by approving pandemic relief legislation, including changes to the Child Tax Credit. Learn what you may be entitled to.

Tax Considerations When Selling a Home

If you're thinking about selling your house, apartment, condominium, stock co-op or mobile home, you may qualify for tax considerations. You might have the opportunity to exclude a portion of the money you receive post-sale from your income when filing your tax return. Click through to learn more.

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©2024