Donald M Masters CPA

02/21/2020

Every year is an election year for taxpayers. And THESE elections can save you a ton of money. Here is what you need to know.

02/19/2020

Tax season is in full swing! Find out the latest updates to a popular business deduction, along with how to retain more customers using a loyalty program.

Tax season is now in full swing! In this issue, find out the latest updates to a popular business deduction, along with how to retain more customers using a loyalty program.Call if you would like to discuss your tax or business questions. If you know someone who can benefit from this newsletter, fee...

02/07/2020

Over the past few years, the IRS has penalizing late filers of sub S corporation and partnership tax returns. This despite the fact that late filing of the tax return does not typically impact the timely payment of the tax.

02/05/2020

This month's newsletter has something for everyone, from the tax geek getting ready to file taxes, to those curious about the origin of Valentine's Day. Plus a recap of new tax laws!

The 2019 tax filing season is in full swing. If you have not already done so, now is the time to collect your tax forms, organize your records and set a schedule to get your tax return completed.Deep in the Form 1040 instructions is an annual recap of federal income and how the money is spent. Since...

01/31/2020

Wondering why your tax return is not finished? Often the delay can come from one or two items that were overlooked and are now needed to process your tax return....

01/24/2020

In late 2019 the bill passed to keep the government open includes a number of hidden gems. This is one for anyone with a mountain of student debt.

01/17/2020

Vendors are not perfect. What should you do when you receive a tax form that is in error?

01/15/2020

Start the decade out right by working with key suppliers to strengthen your business and building employee awareness of the complex world of hackers and cyber criminals.

It's a new year.  Time to organize and file W-2s and 1099s.  It is also time to finalize last year's financials, prepare for tax filing, and address new challenges for the year.So why not start it out by looking at ways to improve your cash flow.  An often overlooked resource to do th...

01/10/2020

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

01/08/2020

What? New 2019 tax laws passed with less than a week left in the tax year. Here is what you need to know.

Deep inside the 1,700 plus page bill passed to keep the government open, are a number of tax law changes. Included here is a summary of the primary changes impacting most of us.There are a number expired tax provisions that are now available for 2019 and 2020. While there is little time to react to....

01/03/2020

Here are the standard mileage rates for 2020.