Cloyd and Associates, CPAs

Cloyd and Associates, CPAs Our expertise ranges from tax management and accounting services to more in-depth services such as a

Some taxpayers should file their tax return early. Here are some great reasons why it may make sense.
01/20/2023

Some taxpayers should file their tax return early. Here are some great reasons why it may make sense.

2023 tax season for 2022 tax returns officially begins in late January, and there are many reasons to consider filing your tax return early. Here are some of the most common.

The IRS increased the standard business mileage rates for 2023. Here are the details.
01/13/2023

The IRS increased the standard business mileage rates for 2023. Here are the details.

Here are the standard mileage rates for 2023

Reminder: Q4 estimated tax payment is due Tuesday, January 17, 2023.
01/06/2023

Reminder: Q4 estimated tax payment is due Tuesday, January 17, 2023.

Plan now to make your 4th quarter estimated tax payment.

New year. New tax return. Reduce the headache with these great organizational tips. Plus some great alternatives to New ...
01/04/2023

New year. New tax return. Reduce the headache with these great organizational tips. Plus some great alternatives to New Year's resolutions are presented for your consideration.

It's tax time! In the next couple of weeks you will be inundated with W-2s and various informational tax forms like 1099s. By paying attention to them, ensuring their accuracy, and that you are getting them all, you will be miles ahead in getting your tax return done. Spend a minute reviewing ways t...

Late Breaking News! Here is what you need to know.
12/30/2022

Late Breaking News! Here is what you need to know.

You know that new reporting requirement the IRS is implementing? Well, it is changing as of December 23. Here is what you need to know.

Social Security planning starts at an early age. Here is what you should be doing now!
12/23/2022

Social Security planning starts at an early age. Here is what you should be doing now!

Too many think to pay attention to Social Security only when they near retirement. Do this at your own risk! Even those in their 20s should be taking action. Here are some tips.

If you or your business were not paid back for a loan, the IRS may allow you to take a tax deduction for the outstanding...
12/16/2022

If you or your business were not paid back for a loan, the IRS may allow you to take a tax deduction for the outstanding debt. Here's what you need to know.

If you are in the unfortunate situation of having a debt owed to you become uncollectible, you may be able to recoup some of the loss via a tax deduction.

If you are facing the dilemma of saving for retirement or your child's college education, what should you do?
12/09/2022

If you are facing the dilemma of saving for retirement or your child's college education, what should you do?

With the rapidly increasing costs of college tuition, the decision to either save for retirement or your child's college tuition can be a real dilemma. Here are some thoughts.

There's still time to lower this year's tax bill with these ideas, plus protect yourself from would be identity theft. A...
12/07/2022

There's still time to lower this year's tax bill with these ideas, plus protect yourself from would be identity theft. All this plus a fun holiday quiz to impress family and friends!

With the hustle and bustle of the holiday season, it's easy to overlook that tax season is right around the corner. To help you make the most of potential tax saving moves before the end of 2022, this month's newsletter features several year-end tax cutting ideas. Also have fun with the entire famil...

There is still time to take advantage of what many consider the best tax saving idea in the tax code. Here is what you n...
12/02/2022

There is still time to take advantage of what many consider the best tax saving idea in the tax code. Here is what you need to know.

In some rare cases, making a tax savings move can benefit you in more than one way. This is the case with direct contribution of qualified investments, such as stock, owned more than one year that have appreciated in value.

The time to make moves that limit your income taxes for the 2022 tax year is quickly closing. Schedule a year-end tax pl...
11/25/2022

The time to make moves that limit your income taxes for the 2022 tax year is quickly closing. Schedule a year-end tax planning session today.

Take some time now to review these essential year-end tax planning strategies to ensure you are not missing something that could cause tax trouble when you file your tax return.

Now is the time to plan next year's retirement contributions. Here's what you need to know.
11/18/2022

Now is the time to plan next year's retirement contributions. Here's what you need to know.

2023 contribution limits are set for retirement plans. Now is a good time to plan for your upcoming retirement contributions.

Address

1301 West Fifth Street
London, KY
40741

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(606) 864-8110

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