HT2 CLIENT NEWSLETTER
SELLING YOUR HOME? BE SURE YOU UNDERSTAND THE HOME SALE GAIN EXCLUSION

If you’re thinking about selling your home, it’s important to determine whether you qualify for the home sale gain exclusion. The exclusion is one of the most generous tax breaks in the tax code, so be sure to review its requirements before you sell. READ MORE HERE
HT2 2023 FEE UPDATE

After much deliberation, we at Hamilton Tharp have deemed it necessary to adjust our rates in order to keep pace with ongoing changes in our industry and allow our firm to maintain and provide quality staff and services to serve people like you, our clients, at the highest level. Beginning in the new year, January 1, 2023, there will be a 10% increase in the prices of our services. This was a tough decision to make, and we understand how it affects our clients. Therefore, we thank you for your ongoing support and trust that these changes will help us continue providing you with premium quality and service. We are looking forward to continuing our relationship with you and recognize that you have a choice and have placed your financial affairs in our hands.
IRS ANNOUNCES RETIREMENT PLAN CONTRIBUTION
LIMITS FOR 2023

On October 21, 2022, the Internal Revenue Service (IRS) announced the updated contribution limits to retirement plans in Notice 2022-55. The new limits are valid beginning in tax year 2023. These limits are important, as they cap the tax benefits that can be realized from retirement plan savings contributions each year and are adjusted to account for annual inflation.
10 RED FLAGS FOR IRS AUDITS

Even though the overall IRS audit rate is currently low historically, it’s expected to increase as a result of provisions in the Inflation Reduction Act signed into law in August. So it’s more important than ever for taxpayers to follow the rules to minimize their chances of being subject to an audit. How can you reduce your audit chances? Watch for these 10 red flags that can trigger IRS scrutiny: READ MORE HERE
AVAILABLE NOW!
CLICK BELOW FOR ACCESS TO OUR NEW TAX GUIDE!
WE ARE HIRING!!!
Are you ready to take your career in a new direction? Hamilton Tharp is the perfect place for that! We are looking for ambitious employees like yourself. Learn more about the perks, benefits & career opportunities by visiting our website: https://ht2cpa.com/careers/
We encourage you to check out our website for more great articles!  follow us on LinkedIn, like us on Facebook, and Twitter for even more updates!
NEWS YOU CAN USE
Pay your HT2 invoice HERE
HT2 Resources Page - We publish articles there too! READ MORE HERE 
2022-2023 Tax Planning Guide READ MORE HERE
Taxpayers should be on the lookout for new scams  READ MORE HERE
E-signature for individual tax returns available to our clients VIDEO PRESENTATION