This author has not written his bio yet.
But we are proud to say that CMACPA contributed 25 entries already.
Work in foodservice? Your tax situation can more frustrating than seating a party of 8 thirty minutes before closing. But it doesn’t have to be. Here’s three tax tips to maximize your tax return: 1. Understand how your tips get taxed 2. Learn how to properly report your tip income 3. Know what out-of-pocket expenses […]
If your #smallbusiness is required to file #salestax today is the deadline! If you would like assistance with tax preparation and/or planning, contact our office at www.cmacpa.net to schedule a consultation.
Don’t let it ever be said that the IRS is heartless….they announced that the tax deadline has been pushed from April 15th to May 17th. The IRS cares about you! Who knew? Check out the full article here: https://www.irs.gov/…/tax-day-for-individuals-extended… If you haven’t already filed your tax return and would like assistance with tax preparation and/or […]
The timing of filing a 2020 tax return is extra important this year – if you get it right, it could lead to a bigger stimulus check. Thus far, the payments are based on the same requirements as the first two checks: The full amount will go to individuals with up to $75,000 in adjusted […]
House Democrats passed the $1.9 trillion American Rescue Plan early Saturday morning, which includes a provision for a third stimulus check worth up to $1,400 for taxpayers and each of their dependents. Check out the full article here: https://www.cnbc.com/…/who-qualifies-for-a-1400-dollar… If you haven’t already filed your tax return and would like assistance with tax preparation and/or […]
Did you get married or divorced? Make sure you notify the SSA to reduce problems when filing your taxes. Check out the video here: https://www.youtube.com/watch?v=LaokAs6pq70 If you haven’t already filed your tax return and would like assistance with tax preparation and/or planning, contact our office at www.cmacpa.net to schedule a consultation.
If you use part of your home for business, you may be able to deduct expenses for the business use of your home. The home office deduction is available for homeowners and renters, and applies to all types of homes. Check out the full article here: https://www.irs.gov/…/small…/home-office-deduction If you haven’t already filed your tax return […]
Don’t forget to move your clocks up an hour ahead before to go to bed! You’re losing an hour of sleep, we’re losing an hour of tax prep time! If you would like assistance with tax preparation and/or planning, contact our office at www.cmacpa.net to schedule a consultation.
Following an unpredictable year with many changes and challenges, the IRS has shared several important reminders for taxpayers who are about to file their 2020 federal tax returns. Here are eight(8) tips that may help you: 1. Choose Direct Deposit 2. Earned Income Tax Credit 3. Taxable unemployment compensation 4. Interest is taxable income 5. […]
The House approves a proposal that would temporarily increase the child tax credit to $3,000 or $3,600 per child for most families and have 50% of it paid in advance by the IRS. Check out the full article here: https://www.kiplinger.com/…/house-approves-3000-child… If you haven’t already filed your tax return and would like assistance with tax preparation […]