News & Updates

April 16, 2020

We hope everyone is staying safe and healthy!

Below is a link to the IRS website.

1)  If you have not filed a return for 2018 or 2019, because you were not required to, you can file a non-filers return and submit your direct deposit information.  If you receive social security benefits, you do not need to complete this non-filer ret...

April 3, 2020

Information on the Recently Passed CARES Act Paycheck Protection Program.

Click Here to Download the Coronavirus Small Business Checklist!

While there is much, much more contained in the CARES Act (Coronavirus, Relief and Economic Security Act), here is a brief summary rundown of one part – the Payroll Protection Program (PPP).  The PPP is a modification of...

April 3, 2020

Updated as of March 31, 2020

The CARES (Coronavirus Aid, Relief and Economic Security) Act was signed by President Trump to help provide financial stability and relief for individuals and businesses affected by COVID-19. While the bill is very broad and addresses a number of areas and industries, and many of the specific details will still need to be analy...

February 1, 2019

To Our Clients and Friends:

Over the past several months, we’ve digested the many tax law changes brought by the Tax Cuts and Jobs Act (TCJA). These changes bring a host of uncertainties as well as planning opportunities. From lower tax rates to a new deduction for pass-through income, the new tax law may mean more cash in your pocket. This letter presents...

February 2, 2017

The IRS has opened the doors to begin receiving 2016 tax returns, but some early filers may find they are left waiting weeks before their refund arrives. That's thanks to a new law intended to reduce cases of tax fraud.

Refundable tax credits are prime targets for fraud. The Protecting Americans from Tax Hikes Act of 2015, more commonly called the PATH Act...

February 2, 2017

Tax day for 2016 is approaching, and there are a few changes to expect in 2016 regarding tax law that you should be aware of when preparing your taxes. Here is what you need to know to ensure you’re heading into this year prepared.

Affordable Care Act Penalties: People without health insurance in 2016 will be hit with higher penalties. The maximum penalty...

February 1, 2017

What to keep and how long to keep it

Tax records should be kept on a year-round basis, not hastily assembled just for your annual tax appointment. Without tax records, you can lose valuable deductions by forgetting them on your tax return, or you may have unsubstantiated items disallowed if you are audited.

Generally, returns can be audited for up to three...

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