Benefits of year-end charitable planning
Despite the global pandemic, charitable giving is at an all-time high. For example, data from Giving USA estimates that US-based donors gave a whopping $471.44 billion (yes, that’s a billion with a “B”) in 2020. Although the 2021 numbers are not yet out, it’s believed that this year’s donation levels could be similar. If you’re […]
When should I start planning for my 2021 taxes?
The 2021 tax filing season might still be months away, but that’s not to say you shouldn’t start prepping now. From saving receipts, maximizing your retirement account contributions, and if you’re self-employed or working as an independent contractor—remembering to pay your quarterly taxes- there are lots of things you should be doing much sooner than […]
Don’t Forget to Bring These Things to Your Next Tax Appointment
When it comes time to file your taxes, you’ll want to be prepared. As we’ve noted many times in the past, showing up at your CPA’s doorstep with a shoebox full of receipts is good– but tallying them (and organizing them) in advance is much better. Although the 2020 tax filing deadline was May 15 […]
Benefits of Having a Professional Prepare Your Tax Return
Lots of people wonder if they’re capable of filing their own taxes, however, not using an accountant or CPA firm could cause you to leave money on the table. No one, we repeat, no one wants to pay a higher tax rate than what’s required by law. For this post we wanted to discuss some […]
Everything You’ll Need for a Successful Tax Appointment
If you’re among the millions of Americans who still haven’t filed their taxes, you should start by making sure you have your documents in order. Not only will this ensure your tax appointment goes smoothly, it will ensure you get the deductions that you’re entitled to. For this blog post we wanted to highlight the […]
Benefits of Hiring a CPA to Help You File Your Taxes
This year’s tax filing deadline is right around the corner—and if you’re among the millions of Americans who still haven’t filed, you may be wondering if you can handle the job yourself. If you’re a salaried employee and you’re filling out a simple W-2, there’s a good chance that you can handle that on your […]
What You Need to Know About This Year’s Tax Return
If you’re like most people, you’d like to put 2020 solidly behind you. Unfortunately, there’s still one lingering task that you’ll need to cross off last year’s list: you need to file your 2020 taxes. Below are just a few of the things you’ll want to keep in mind. Tax deadlines The deadline to file […]
3 Things You May Not Know are Tax Deductible
When tax time rolls around, you’ll want to make sure you get the biggest refund possible—and part of that involves maxing out your deductions. For this blog post, we wanted to talk about three possible deductions you’ll want to talk to your CPA about. Medical expenses / premiums For the 2019 tax year, individuals were […]
How to Trim Your 2020 Tax Bill
Taxes can be expensive, but there are several was you can minimize what you owe to Uncle Sam. For this blog post, we wanted to talk about some of them. Modify your W-4 Several years ago, we had a client who