January Client Bulletin

January’s newsletter includes several tips to help you plan for tax filing season, save for retirement and improve your financial health in 2022.

Recap of The House Ways and Means Committee’s Recent Tax Proposal

During the week of September 13th, the House Ways and Means Committee issued a tax proposal involving rather expansive changes to the Code in terms of increased tax rates primarily aimed at high-net-worth taxpayers and corporations. Learn more in this article.

July Client Bulletin

Included in this month’s newsletter are several ideas to help you reduce your tax bill.

July Client Bulletin

Remember, July 15 is now the tax filing due date because of the pandemic! It also means you may have a tax payment due on or before July 15. And if you have not yet received your federal stimulus check, this month’s newsletter tells you what you should do.

How Much of Your PPP Loan is Forgiveable?

In this article we take a look at what we know (and some of what we don’t know) about how forgiveness will be calculated. If you received PPP funding and want to make sure your spending aligns with your strategy for forgiveness, give us a call!

April Client Bulletin

The IRS rolled out deadline extensions and new programs to help individuals and businesses navigate the COVID-19 pandemic. A recap of these announcements is included in this newsletter for your review.

Three Things Small Business Owners Should Do Today to Take Advantage of the CARES Act

There has been a lot of information for small business owners to digest in the past few weeks regarding Federal programs to help businesses during the COVID pandemic, and that’s on top of everything business owners are already doing to keep their companies afloat. Here are TWO STEPS that you should take today to get your company a piece of the stimulus package provided by the CARES Act.

How a Glaring Hole in Quickbooks Online Makes Life Difficult for Accrual-Basis Companies That Are Cash-Basis Taxpayers (And How to Work Around It)

Quickbooks Online does many things well, but the inability to indicate if a journal entry should affect both accrual and cash basis reports or if it should only affect accrual basis reports is a glaring hole that can make things difficult for small business owners (especially for businesses with deferred revenue), so we came up with a workaround…