RSS Feed Take a look at our recent blog posts and client newsletter articles. en-us Mon, 01 Feb 2021 09:00:00 -0600 Mon, 01 Feb 2021 09:00:00 -0600 What's New for 2020 Tax Returns Taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns this year. Mon, 01 Feb 2021 09:00:00 -0600 Taxable vs. Nontaxable Income Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it. Mon, 01 Feb 2021 09:00:00 -0600 Tax Filing Season Starts February 12 The IRS begins accepting and processing 2020 tax year returns on Friday, February 12, 2021. Mon, 01 Feb 2021 09:00:00 -0600 Social Security Benefits and Taxes: The Facts Generally, you pay federal income taxes on your Social Security income only if you have other substantial income in addition to your benefits. Mon, 01 Feb 2021 09:00:00 -0600 Employer Tax Credit Extended for Payroll Workers Extended through June 30, 2020, the Employee Retention Credit helps businesses keep their employees on the payroll - despite the challenges posed by COVID-19. Mon, 01 Feb 2021 09:00:00 -0600 The COVID-related Tax Relief Act of 2020 The Consolidated Appropriations Act, 2021, which was signed into law on December 27, 2020, contains a number of tax provisions - among them pandemic relief for businesses and individuals. Fri, 01 Jan 2021 09:00:00 -0600 Important Tax Changes for Individuals and Businesses Each year brings changes to current tax law, and this year is no different. From tax rate schedules to health savings accounts and adoption credits, here's what you need to know. Fri, 01 Jan 2021 09:00:00 -0600 Identity Protection PIN Available To All Taxpayers Starting in January 2021, the IRS Identity Protection PIN Opt-In Program will be expanded to include all taxpayers who can properly verify their identity. Fri, 01 Jan 2021 09:00:00 -0600 Credit Reports: What You Should Know Periodically reviewing your credit report is an effective way to prevent credit card fraud and could alert you to signs of identity theft. Fri, 01 Jan 2021 09:00:00 -0600 CARES Act Updates: Changes in Required Minimum Distributions (RMD), Taxes Owed on Unemployment Benefits, and EIDL Tax-Free Grant/Loans Still Available Wed, 08 Jul 2020 09:00:00 -0500 Additional tax law changes in 2018 Wed, 28 Feb 2018 03:00:00 -0600 Protect Yourself Against Tax Refund Theft Thu, 08 Feb 2018 03:00:00 -0600 2018 NEW TAX LAW Tax Cuts and Jobs Act of 2017 Fri, 26 Jan 2018 03:00:00 -0600 Protect Your Identity Protect yourself from identity theft! Sat, 01 Apr 2017 04:00:00 -0500 UNEXPECTED TAX LIABILITIES & PENALTIES Do you unexpectedly owe thousands of more dollars to the IRS? Read here to see how to avoid these penalties. Thu, 07 Apr 2016 04:00:00 -0500 The Mount Carmel Foundation: Brain on Fire Our CPA recently was a sponsor for the Mount Carmel Foundation event, Brain on Fire, an evening with Susannah Cahalan. Tue, 29 Mar 2016 04:00:00 -0500 Charitable Donations TAX TIP: Charitable donations are tax deductible and can reduce your tax burden significantly. Recently we were honored to support the Otterbein Golf Team in Scottsdale, Az. Thu, 24 Mar 2016 04:00:00 -0500 DO NOT FAIL TO TIMELY FILE YOUR 2015 TAX RETURN BY APRIL 18th If you have not filed your 2015 tax returns, we urge you to ASAP! If a return is late there can be penalties! Tue, 15 Mar 2016 04:00:00 -0500 Some IRA Benefits To Consider Wed, 02 Mar 2016 03:00:00 -0600 HAVE YOU ADJUSTED YOUR 401(K) CONTRIBUTIONS FROM LAST YEAR? The 401(K) plan is "the best thing since sliced bread!" You'll wish you had done more! Thu, 18 Feb 2016 03:00:00 -0600 Tax Fraud, Why You Might Be A High Risk! Getting Fake IRS Phone Calls? Hang Up! IRS never contacts taxpayers by phone. Don't fall for this and listen to some tips to avoid tax fraud. Thu, 11 Feb 2016 03:00:00 -0600 Health Savings Pot of Gold Advantages of Health Saving Accounts Thu, 28 Jan 2016 03:00:00 -0600 Save Time and Money! Mon, 25 Jan 2016 03:00:00 -0600 Tax Organization Tips Wed, 13 Jan 2016 03:00:00 -0600