THANK YOU
For your continued support in us as trusted advisors.
WELCOME TO OUR TEAM
You may see or hear from a few new faces here at Verhoff & Company.
Please help us in welcoming:

Lynn Nowak, Office Manager
I moved to Bluffton eighteen years ago now, from Southeast Michigan (Detroit area). I am still a true Michigander in my heart, go Tigers! I have one child, a daughter in college at Miami University-Oxford. I enjoy time with family, my pets and anything outdoors. I am into photography and also enjoy painting, d-i-y'ing and helping animal rescues. I am grateful to have found such a wonderful group of people to work with here at Verhoff & Co.

Brianna Hegemier, Accountant
I previously worked as a pharmacy technician at Hometown Pharmacy LTC in Pandora, OH. I am married and we own a cynical cat and a high-energy dog. With this new position, I’m excited about branching out and learning new skills. 
WHAT'S NEW?
As you may know, the Inflation Reduction Act was approved by Congress in Q3 2022. The act increases the IRS budget by roughly $80B over the next 10 years. This has led to some stipulation that the IRS will be hiring more agents to audit middle-class Americans. The IRS has confirmed that there will be increased tax enforcement strategies, however, there is no plan to audit more middle-class Americans with the increase in funding.
The act also enhanced some energy tax credits by reducing requirement thresholds or increasing energy tax credit amounts.
TAX TIP 101
Think Taxes Before, As and After You Retire

Retirement is a new, exciting time of life for many who are fresh into their retirement. It can be easy to overlook the tax consequences of the financial transition into retirement. Frequently, new retirees do not have the proper tax withholding from their taxable pensions, 401(k)s, or traditional IRAs. Withholding from the retirement distributions is normally at the discretion of the retiree. It is important to get proper tax withholdings setup from taxable retirement distributions. If you ever have questions on your withholdings, Verhoff & Company is always happy to help.
Verhoff & Company, LLC