Miami Accountant

11/07/2025

https://apple.news/A9LdH4wRbRnyiUV_zm7Ma_A

Taxpayers may outsource their financial stress by a specific age. Find out when you should hire a tax preparer.

10/06/2024

https://apple.news/ATQTutH1OSpae96lpeaAVeA

The cost of hiring a professional accountant to do your taxes varies based on several factors, including your situation, what tax forms you are required to file, and your geographic location.

07/24/2024

https://apple.news/ArSE52HG4STCz5hPyxOmF4A

The IRS has finalized rules on required withdrawals for certain inherited individual retirement accounts and other plans. Here's how it could affect your taxes.

07/13/2024

https://www.journalofaccountancy.com/news/2024/jun/expert-warns-irs-has-what-it-needs-to-pursue-more-audits.html

A speaker at AICPA & CIMA ENGAGE tells attendees that the IRS is paying higher salaries to attract midcareer workers as the agency increases audits.

12/15/2021

https://apple.news/AlfRnT0-9TjWURPnmIonOiA

You don’t want to be surprised by back taxes, liens or other liabilities

10/08/2021

https://apple.news/ALzyk4rAlRaWZsAvAEbUyVw

Regardless of what may cause a person to miss the tax-filing deadline, there are potential consequences.

04/22/2021

https://www.journalofaccountancy.com/news/2021/apr/restaurant-revitalization-fund-details.html?utm_source=mnl:alerts&utm_medium=email&utm_campaign=19Apr2021&utm_content=button

The Restaurant Revitalization Fund aid program’s application portal will be tested in a seven-day pilot ahead of the application’s launch. The SBA revealed key details for the program, including funding calculations.

04/13/2021

https://www.financialfinesse.com/2021/01/21/how-to-contribute-to-a-roth-ira-if-you-make-too-much-2/

There are multiple reasons to contribute to a Roth IRA, but if you make too much money, these arguments may seem like a moot point. However, there are a few things to keep in mind before completely writing off the Roth IRA. The limit is based on MAGI, not total income One is that the income limit...

04/11/2021

https://apple.news/Ai2yxVP-oSsmlRU7IBB3zuw

You may feel overwhelmed about the large tax debt you owe to the government, but the worst thing to do is ignore it. Here's how to get tax debt paid off.

04/02/2021

Working remotely can be a boon or a bust for your taxes, depending on where you live.

03/19/2020

Coronavirus Tax Relief for Employers – Hooray! Today the IRS announced payroll tax credit for employers and self-employed individuals who provide paid family, sick or medical leave for employees who miss work for Coronavirus reasons through year-end. The bill provides tax credits that equal 100% of qualified family leave wages paid for small businesses where employees are unable to work to take care of children under 18 years old.

The credit for small businesses (fewer than 500 employees) is up to 80 hours paid sick time though year-end for quarantined or self-quarantined employees having COVID-19, or because the employee is caring from children whose school has been closed due to precautions. Employers with less than 50 employees can be exempted from this requirement.

The credit is generally available up to $511 in wages (quarantined, self-quarantined or who have COVID-19) per individual, or up to $2,100 for other workers, per day, the employee receives qualified sick leave pay, up to 10 days per calendar quarter, with a maximum credit of $10,000 per employee.

Self-employed individuals are also provided with a refundable credit against income tax for qualified sick leave equivalent amounts.

Contact us (www.cpamiami.com) for additional information on new developments.

03/18/2020

Treasury Secretary Steven Mnuchin announced that individuals and businesses can delay their tax payments for 90 days due to the coronavirus pandemic.