MacFarlane and Associates, PC

12/24/2024

Friendly reminder. Beneficial Ownership Reports (FinCen) are required to be completed by December 31 2024. We can help you file these required reports on time please give us a call at the office 281-719-5312 or email me [email protected]. Time is of the essence with these reports as they are mandatory for any entity that is an LLC or Inc. Fines are steep for non compliance

10/12/2024

Just a reminder. The IRS has extended the deadline for all taxpayers to file due to Hurricane Beryl. Tuesday October 15 is not the filing deadline for this area.

09/25/2024

Astros game with office staff

06/14/2024

Just an FYI Quarter 2 Estimated tax payments are due Monday June 17. Estimated tax penalty is much higher in 2024.

Estimated-tax penalties can catch taxpayers by surprise. Even the government’s ‘safe harbors’ aren’t entirely safe.

04/28/2023

Didn’t file your taxes yet ? We can still help you get them done. Give our office a call. We take the stress out of filing taxes.

03/26/2021

https://www.journalofaccountancy.com/news/2021/mar/senate-passes-ppp-application-deadline-extension.html

The PPP Extension Act of 2021 shifts the PPP application deadline from March 31 to May 31 and provides an additional 30 days for processing applications received by May.

05/23/2020

Happy Memorial Day Weekend. Please pause and remember our fallen heroes this weekend. Also our current heroes serving at home and abroad.

04/11/2020

This page will give you more information on the status of the COVID-19 Stimulus Payments. The IRS is sending out payments now and if they have your information you should receive it by April 15, 2020. This is considered a refundable tax credit and is NOT income to you.

We’re committed to helping yout get your economic impact, or stimulus, payment as soon as possible. See if you are eligible for an Economic Impact Payment.

03/29/2020

Economic Injury Disaster Loan Assistance

On Friday, March 27, 2020, President Trump signed into law the CARES Act, which provides additional assistance for small business owners, including the opportunity to receive up to a $10,000 Advance on an Economic Injury Disaster Loan (EIDL) for emergency capital. The SBA is updating our system to implement this provision so small businesses can request an EIDL advance when they apply for the loan. This update will be available in the coming days. In the interim period, you can still apply for a full Economic Injury Disaster Loan, but will need to reapply for the Advance when the system is updated with a streamlined application. Once updated, the Advance will be included in your EIDL application process.

03/19/2020

We are open in both locations and ready to serve you for your 2019 tax return preparations. If you are concerned about social distancing for the Covid-19 Virus we offer remote tax preparation via secure ShareFile and DocuSign. There is no need to come into office to have your tax prepared professionally. Please give us a call at 281-359-2800 (Kingwood Office) or 281-719-5312 (The Woodlands Office)

10/08/2019

https://www.irs.gov/newsroom/irs-announces-tax-relief-for-texas-victims-of-tropical-storm-imelda

TX− 2019-12, Oct. 7, 2019 - Victims of Tropical Storm Imelda that took place from Sept. 17-23, 2019 in Texas may qualify for tax relief from the Internal Revenue Service.