CPA4TAX

04/18/2022

…but also the ‘make sure you report all of your income people’! & that’s a wrap on the 2021 filing season. Happy Tax Day! 🍻

Not pictured: the lady that keeps us full and focused all season long

03/14/2022

Attention business owners: do you have a tax return due tomorrow?! If you aren’t get ready to file your business tax return, file an extension so you aren’t subject to late filing penalties! Form 1065 & Form 1120S or an extension for those are due tomorrow!

11/30/2021

Thanks to the CARES Act, even those that do not itemize, can take a deduction of up to $300 ($600 if MFJ) for 2021 for a charitable contribution to a qualified organization.

10/18/2021

With busy season behind us, we are so excited to spend some more time with the cutest tax credits in our lives! 🥰🥰 🥰

07/21/2021

Each year the IRS posts a Dirty Dozen list of tax scams for taxpayers to be aware of. Swipe through to read about some of them! Don’t fall prey to these scams & share this information with your family & friends.

07/02/2021

Attention business owners! Undoubtedly the restaurant industry has suffered in 2020 and recent legislation passed by Congress attempts to soften the blow. Among other stimulus, Congress has temporarily allowed 100% meals deduction for 2021 and 2022 (previously 50%). Support other businesses & get the benefit of a full deduction!

05/17/2021

3 very challenging legislative changes, 1 extension and countless software updates later, we’ve made it to the other side of this tax season! 😎

02/16/2021

There’s a great article on regarding various tax myths! Swipe through for a summary of the article & see the link below for the article itself. Don’t go on believing these tax myths - hire a professional to help you understand the truth about taxes. DM us for a fee quote for your 2020 tax return.

https://news.bloombergtax.com/daily-tax-report/top-twenty-tax-myths-and-why-theyre-wrong-part-1

02/16/2021

There’s a great article on regarding various tax myths! Swipe through for a summary of the article & see the link in bio for the article itself. Don’t go on believing these tax myths - hire a professional to help you understand the truth about taxes. DM us for a fee quote for your 2020 tax return.

02/12/2021

Great article outlining many tax myths! Take a read through to see any myths you believe need to be busted!

Countering bad advice, especially during tax season, is crucial. Bloomberg Tax’s Kelly Phillips Erb clarifies common tax myths from whether filing taxes are mandatory, if Social Security benefits are taxable, can taxpayers claim deductions for working from home during the pandemic, and what might ...

02/01/2021

Have you considered the idea of shopping small for your accountant? While it may be a little more expensive than a big box accounting firm, the service and personalized advice you will get is unparalleled! Contact us for a 15 minute free consultation.

01/28/2021

Where did you find yourself living in 2020? If you ended your lease in the big Apple, packed up your bags and moved back in with your favorite roommates, there may also be tax implications to that! Be sure to consider the implications before filing your 2020 taxes. Contact us if you’d like to talk through it!