Sinkunas & Company

01/28/2024

Tomorrow, January 29, the IRS opens the efile system for personal returns. Call or email us so we can help you file this year!

01/19/2024

My team just did a webinar on this today. Call us so we can help you navigate what is needed. The fines can be steep and we are well equipped to help with this.

FinCEN has prepared the following Frequently Asked Questions (FAQs) in response to inquiries received relating to the Beneficial Ownership Information Reporting Rule.

01/18/2024

We are building a great team here at Sinkunas & Company.

Meet the Sinkunas & Company team who provides professional bookkeeping, payroll, tax and advisory services in FL.

09/23/2020

Some good information about the PPP Loans and how it should be handled by the banks regarding cancellation of debt income.

The IRS issued guidance telling lenders they should not file Form 1099-C, Cancellation of Debt, or furnish a payee statement to the borrower when a Paycheck Protection Program loan is forgiven.

09/16/2020

Another successful corporate extension tax season today and thank you to our great staff and clients!! We appreciate all of you!

08/19/2020

This is great news coming out from the IRS on now being able to electronically file amended personal tax returns!

The IRS said it had launched its eagerly awaited program to accept Forms 1040-X, Amended U.S. Individual Income Tax Return, electronically.

04/24/2020

Additional funding coming out.

The US House of Representatives voted to approve $370 billion in additional pandemic-relief funding for small businesses as part of a $484 billion aid package.

04/22/2020

Additional funding coming for small businesses.

The Senate voted to approve a new coronavirus pandemic relief bill that includes $370 billion in additional funding for small businesses, the bulk of which would go to the Paycheck Protection Program.

03/30/2020

Good Monday morning! Here is a good summary of the CARES Act that was signed on Friday. We will continue to go through the details of the Act and give updates.

The $2 trillion stimulus bill contains many tax provisions. Here’s a look at the tax items, which range from credits to temporary changes to retirement plan rules.

03/21/2020

Tax day is now moved to July 15, 2020. If you are due a refund, the IRS recommends filing as soon as possible as they are still issue refunds. Small business owners that need assistance from the government need to have their 2019 tax returns filed so we recommend filing as soon as possible.

Please be advised, applications for qualified emergency loan programs will require copies of tax returns. We encourage you to complete your returns based on the original deadline of April 15, 2020. We have the capacity now to work primarily remote and can continue to meet your needs.

IR-2020-58, March 21, 2020 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

03/20/2020

An update from our Managing Partner