Wagner and Zwerman LLP

12/13/2021

https://conta.cc/3IBG4hp

09/29/2021

Our greatest pleasure to be part of this amazing event and promote education.

07/21/2021

Where is my tax refund??? Read about the delays of processing Tax Returns and track your refund.



Read more here:
https://conta.cc/3eHkMBT

05/26/2021

On April 19, 2021, New York State Gov. Andrew Cuomo signed the state’s 2021-2022 Budget Bill, which contains significant tax measures including, but not limited to, increased taxes on businesses and high-net-worth individuals and an elective pass-through entity (PTE) tax.

Read the key tax provisions in this comprehensive Budget Bill below. To this end, we anticipate that additional guidance will be issued by the New York State Department of Taxation and Finance (“the Department”), especially addressing the newly enacted PTE tax.

https://www.wzcpafirm.com/tax-highlights-of-new-yorks-2021-2022-budget-bill/

04/22/2021

The high volume of 2020 tax returns being filed daily, the backlog of 2019 paper tax returns, IRS resource issues, and IRS technology problems are causing delays in issuing the tax refunds.
As of March 25, 2021, over 6 million electronic returns have been “suspended” due to issues requiring manual processing or return inconsistencies. Until the returns are loaded into the IRS system, the IRS cannot see or access the return information so if you call them, they cannot provide any further insight on the status of your tax return.
Until the IRS resolves all of the issues stated, taxpayers just need to sit back and wait for their refunds as there is nothing else that can be done by their accountants or the taxpayer, to accelerate the refund process.
Read more here:
https://conta.cc/3arnDfU

#1040

04/13/2021

The Small Business Administration launched with great fanfare a long awaited portal for that would allow arts venues closed down by pandemic to apply for grant money to cover rent, utilities, insurance and other accumulated expenses. Unfortunately, the site was shut down due to technical difficulties on its first day of launching.


Read more here:
https://conta.cc/2PXl6TC

04/08/2021

If you have previously received a COVID-19 Economic Injury Disaster Loan (EIDL) from the U.S. Small Business Administration (SBA) the agency's new increased loan limits for the COVID-19 EIDL program are now in effect and you may be eligible to receive additional loan funds.. These loans were previously limited to six months of economic injury up to a maximum of $150,000. The SBA recently announced a policy change that significantly increases loan limits up to 24 months of economic injury with a maximum loan amount of $500,000.
Read more here:

Keeping you informed April 8, 2021 Dear Clients, Business Associates and Friends: If you have previously received a COVID-19 Economic Injury Disaster Loan (EIDL) from the U.S. Small Business Administr

04/06/2021

The U.S. Small Business Administration is more than tripling the maximum amount that small businesses and nonprofits can borrow under the COVID-19 Economic Injury Disaster Loans (EIDL) program. Beginning today, the U.S. Small Business Administration (SBA) is expanding its Economic Injury and Disaster Loan (EIDL) program, the organization announced in a press release. Small businesses who originally took out an EIDL loan for up to $150,000 for six months can extend that loan for up to 24 months and receive additional funds for a total of $500,000 in relief.

https://conta.cc/3cTSseN

03/03/2021

To all of our valued clients: THE DEADLINE TO SEND IN YOUR PERSONAL INFORMATION IS MARCH 15 TO ENSURE WE PREPARE YOUR TAX RETURN IN A TIMELY MATTER!

02/11/2021

Online Payments using QuickBooks!!! Getting paid shouldn't be difficult.

You can accept payments from customers via QuickBooks. All you need to do is turn on the Intuit payment network. You have to enter your bank details that will be required by the customers to pay directly into your bank. A small fee of $0.50 is charged per transaction. he fee is very low when compared to the merchant processing fees on alternative platforms. Using this you send a $50,000 invoice and pay $0.50 only to get that money sent directly to your account.

02/02/2021

Right now with everything that’s going on, navigating your finances might feel overwhelming. However, there are some strategies that will help you manage cash shortfalls. Mariel Beasley of Duke University’s Common Cents Lab offers ways to help you manage during these trying times.
Read the details here:
https://buff.ly/3tkNuOE

02/01/2021

Wagner & Zwerman is hiring an administrative intern to help our admin staff during the heavy tax season. If you have children or know anyone interested and actively working towards a BBA locally, please let them know to reach out to me with a resume. The position is part time and paid with the opportunity to be hired full time.
The Administrative Intern can expect to provide basic administrative support to the admin department . The ideal candidate for this job should have the following skills in his or her resume: administrative expertise, a willingness to learn new things, the ability to follow instructions, and attention to details. You should be a motivated team player who can maintain efficiency and accuracy when multitasking. You should be collaborative .

TIA