Richard S. Munroe, CPA

01/29/2024

TAX SEASON IS HERE!!!

It's that time of year again to start thinking about your 2023 tax returns. When it comes to tax preparation, Richard Munroe, CPA has you covered. I work with my clients year round providing personalized services, helping them strategize in order to minimize their tax burden. Let me put my 25 years of experience to work for you. I offer a free consultation and all new clients (Individuals & Businesses) receive a 20% DISCOUNT. Please message or call directly to setup your free consultation!
sites.google.com/view/richmunroetaxservices/home
[email protected]
508-473-1373

01/29/2023

It's that time of year again to start thinking about your 2022 tax returns. When it comes to tax preparation, Richard Munroe, CPA has you covered. I work with my clients year round providing personalized services, helping them strategize in order to minimize their tax burden. Let me put my 25 years of experience to work for you. I offer a free consultation and all new clients (Individuals & Businesses) receive a 20% DISCOUNT. Please message or call directly to setup your free consultation!

sites.google.com/view/richmunroetaxservices/home
[email protected]
508-473-1373

01/29/2022

It's that time of year again to start thinking about your 2021 tax returns. When it comes to tax preparation, Richard Munroe, CPA has you covered. I work with my clients year round providing personalized services, helping them strategize in order to minimize their tax burden. Let me put my 25 years of experience to work for you. I offer a free consultation and all new clients (Individuals & Businesses) receive a 20% DISCOUNT. Please message or call directly to setup your free consultation!

sites.google.com/view/richmunroetaxservices/home
[email protected]
508-473-1373

Hopedale MA Bulletin Board

04/02/2020

With the current COVID-19 crisis going on everyone has been impacted tremendously. American businesses are feeling a tremendous impact. Here at Rich Munroe, CPA we have gathered some helpful tips we are hoping can help business owners during this difficult time.
Recently President Trump was able to secure 350 Billion in federal loans for small business called the "Paycheck Protection Program."
There will be 1,800 approved lenders that will be processing small business loans. One thing you can do is contact your bank to see if they are an SBA approved lender. If your bank is not an SBA approved lender you can contact the SBA to find one at 1-800-827-5722. You can also apply through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating.
Starting April 3, 2020, small businesses and sole proprietorship can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.
Starting April 10, 2020, independent contractors and self-employed individuals can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.
Loan amounts can be forgiven as long as they meet the following criteria:
- The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made
- Employee and compensation levels are maintained
Along with the completed Paycheck Protection Loan application you will also need to provide your lender along with payroll documentation.
You will owe money on your loan if you use your loan for anything other than payroll costs, mortgage interest, rent, and utilities payments over the 8 weeks after getting the loan and if you do not maintain your staff and payroll.
Loan payments interest is deferred for 6 months but interest continues to accrue over this time. Payments are due in 2 years.
All information used is gathered and can be referred on the SBA website under Paycheck Protection Program. If you have any further questions I recommend this website for clarification on your specific business needs.
A sample of the Paycheck Protection Application is linked in the comments below

01/05/2020

If you're interested in learning how you can MAXIMIZE your tax write offs and navigate through last years massive tax overhaul, reach out to me personally for a FREE consultation. Year over year my clients continue to not only rave about my personalized tax service, but also with the continued SAVINGS that they wouldn't receive anywhere else! This is something I have taken great pride in over the past 25+ years. For this year, all new clients (Individual & Businesses) receive a 20% discount along with a free consultation. Please message or call directly to setup your free consultation!

[email protected]
508-473-1373

01/07/2019

Are you prepared for the 2018 tax season and NEW tax laws?! Here at the firm of Richard Munroe, CPA, we have all your 2018 tax preparation needs covered. We offer fully computerized individual & business tax preparation services. All new clients receive a 20% discount along with a free consultation. Please message or call directly to setup your free consultation!

[email protected]
508-473-1373

A CPA with over 25 years of experience providing tax preparation and planning, accounting, and consu

01/04/2019

It’s that time of year to start thinking about your 2018 tax returns and the impact of the NEW 2018 Tax Laws on your personal tax situation. When it comes to tax preparation services, Richard Munroe, CPA, with an office located in Hopedale, MA is here for you and has you covered. Rich will put his over 25 years of experience to work for you, helping you minimize your 2018 tax burden!

All new clients will receive a 20% discount along with a free consultation. Please message or call directly to setup your free consultation.

[email protected]
508-473-1373

12/27/2017

Before 2017 ends, try to confirm w/your mortgage lender (if have a tax escrow account) and your town's Tax Assessor that all your real estate taxes are currently paid to date. In addition, if possible, try to pay your next real estate tax installment (probably due in 2018) early in order to accelerate the deduction for 2017. This year-end tax strategy could potentially be even more advantageous to taxpayers that pay in excess of $10,000/year in state & real estate taxes, which will be the maximum amount allowable to deduct each year starting in 2018, per the newly passed tax overhaul taking effect in 2018.

12/17/2017

With the 2017 tax year winding down, try to pay & mail your December mortgage payment (typically due January 1st) by December 31 or prior. Although the interest portion of this payment will most likely not show up on your year-end 2017 Form 1098 from your lender, you can still deduct the extra month's interest for 2017.

12/14/2017

Hi everyone! With the year winding down, here’s a helpful tip...If you have self-employment income, own a business, or maintain a rental property, consider accelerating expenditures on or before December 31 (ex. purchase that computer system you have been putting off) and deferring revenue until 2018 to reduce your tax burden. However, if you expect your revenue to be much higher in 2018, defer expenditures to 2018 and accelerate revenue in 2017.