Berea Bookkeeping & Tax Services

01/05/2024

Good afternoon everyone. For those who are wondering about location for tax appointments, I have made the decision to not be located on Front Street going forward. I am working on the details for the new location and will be ready to process those tax returns for everyone. Stay tuned and thank you for your understanding. In the meantime, please email [email protected] or text/call my phone 216-857-1043 with any questions or concerns.

04/08/2023

I would like to take a minute to wish all of you a happy and blessed Easter.

03/22/2023

Less than a month away from the filing deadline for taxes. Calendar for appointments will fill up fast. Email me to get on the schedule.

01/29/2023

01/24/2023

Appointments for new and existing clients please call 440-305-5022 or text 216-857-1043 or email [email protected].

01/23/2023

And so it begins, IRS opens today for the start of the tax season.

01/10/2023

Child tax credit returns to $2000 per eligible dependent for 2022 from the $3000 credit in 2021.

01/10/2023

The American Rescue Plan of 2021 changed the 1099-K reporting threshold. Under the new law, merchants were required to report transactions paid in 2022 that exceeded a minimum threshold of $600 in aggregate payments, regardless of the number of transactions.

On December 23, 2022, the IRS delayed the implementation of the new $600 reporting threshold.

What Does This Mean?
For tax year 2022, you will receive a Form 1099-K if the gross amount of aggregate payments exceeds $20,000 and the number of such transactions exceeds 200.

Beginning with tax year 2023, you will receive a Form 1099-K if the gross amount of aggregate payments is $600 or more, regardless of the number of such transactions.

01/10/2023

Looks like January 24th will be the start of the season!

01/04/2023

IRS will start processing tax returns around the January 20th. Please contact us if you are looking for tax preparation for the 2022 year, both personal and business return processing.