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Category: Accounting News

Accountant Near Me, Accounting News

2024 Cost-of-living Adjustments and Tax Planning

The 2024 cost-of-living adjustment numbers have been released: How do they affect your year-end tax planning? Dear Kent, The IRS recently issued its 2024 cost-of-living adjustments for more than 60 tax provisions. With inflation moderating…
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Accountant Near Me, Accounting News, General

5 Ways Financial Advisors Can Help Start-Ups Succeed

Every business starts with a “seed” idea that germinates into a fledging business under the right conditions. The decisions that owners make when launching a start-up will impact its financial well-being for years to come. Here…
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Accountant Near Me, Accounting News

Once the 2023 tax year is over?

Once the 2023 tax year is over and the numbers are generally set in stone, you can itemize deductions on your federal income tax return if your total allowable itemized write-offs for the year exceeds your…
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Accountant Near Me, Accounting News

The flat 21% corporate federal income tax rate

The flat 21% corporate federal income tax rate ushered in by the Tax Cuts and Jobs Act made the idea of operating your business as a C corporation more attractive than before. The flat 21% rate…
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Tax Accountants
Accountant Near Me, Accounting News , , ,

Q3 Estimated Tax Payments Reminder

Hope all is well. This is a reminder that Q3 Individual Estimated Tax Payments are due on September 15, 2021. Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax…
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Accountants Near Me
Accountant Near Me, Accounting News, Emerging Articles , , ,

IRS issues ERC Guidance as Congress Mulls Early Termination

The IRS has published new guidance on the Employee Retention Credit (ERC). The credit was created in March 2020 to encourage employers to keep their workforces intact during the COVID-19 pandemic. Notice 2021-49 addresses various…
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Accountant Near Me
Accountant Near Me, Accounting News, Emerging Articles , , ,

SBA Streamlines Forgiveness for Smaller PPP Loans

The Small Business Administration (SBA) has released new guidance intended to expedite the forgiveness process for certain borrowers under the Paycheck Protection Program (PPP). The simplified process generally is available for loans of $150,000 or…
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2021 Tax Calendar
Accounting News

2021 Tax Calendar Clarification

We have received numerous inquiries regarding the recently provided tax calendar and the upcoming February 1st deadline mentioned in the newsletter. To clarify, the deadline for your 2020 individual tax filing remains April 15th, 2021.…
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