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Replay of our Coffee Chat

April 3, 2020
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To access a replay of our Live Update and Q&A please click here.

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KEY FEATURES OF THE NEW “CARES” ACT

March 31, 2020
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Written by Joe Erickson, CPA and Shareholder The Corona Aid, Relief and Economic Security CARES Act was passed on Friday 3/27/2020 in response to the COVID-19 coronavirus pandemic.  This bill will impact millions of businesses and individuals throughout the U.S., and is designed to help mitigate the financial ramifications of COVID-19 on the U.S. economy. …

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Replay of our Tax Update

March 27, 2020
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If you were not able to attend out Live Tax update webinar you can easily watch a replay by clicking here.

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Get a jump on your End-of-year Tax Planning

December 17, 2019
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You might recall that the big new tax law—known officially as the Tax Cuts and Jobs Act (TCJA), signed into law in December 2017—took effect at the beginning of the 2018 tax year. Among its major adjustments, the TCJA almost doubled the standard deduction, lowered tax brackets, repealed the Affordable Care Act’s individual mandate, and…

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Tax Planning AFTER April 15th

July 31, 2019
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It is a common belief that once April 15th is past, you can breathe a sigh of relief, and not think about taxes again until next year.  But that is not true, since there can be a great deal of value in tax planning throughout the year.  Tax problems may have been avoided if you…

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5 Ways to Play the New Tax Law

August 27, 2018
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Written by Joe Erickson, CPA The new tax law—known officially as the Tax Cuts and Jobs Act (TCJA) and signed into law in December 2017—took effect at the beginning of the 2018 tax year. Among its major adjustments, the TCJA almost doubled the standard deduction, lowered tax brackets, repealed the Affordable Care Act’s individual mandate,…

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IRA and Retirement Plan Limits for 2018

December 11, 2017
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IRA contribution limits The maximum amount you can contribute to a traditional IRA or a Roth IRA in 2018 is $5,500 (or 100% of your earned income, if less), unchanged from 2017. The maximum catch-up contribution for those age 50 or older remains at $1,000. You can contribute to both a traditional IRA and a…

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A Quick Look at the Presidential Candidates' Tax Proposals

September 5, 2016
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Though tax policies haven’t received top billing in this year’s presidential election dialogue, they’re still part of the conversation. Here’s a quick review of each candidate’s tax proposals based on information released by their campaigns. Keep in mind that regardless of who wins in November, any changes to tax policy would require congressional action. Note:…

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Federal Income Tax Returns Due for Most

April 18, 2016
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The federal income tax filing deadline for most individuals is Monday, April 18, 2016. That’s because Emancipation Day, a legal holiday in Washington, D.C., falls on Friday, April 15, this year. If you live in Massachusetts or Maine, you have until Tuesday, April 19, to file your return because Patriots’ Day, a legal holiday in…

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Mo Money Preparers Plead Guilty – Is this a real company name?

March 17, 2016
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Yes it is.  Apparently there is a real company franchise called Mo Money Tax (apparently with about 300 stores and 18 states) and they were caught with tax return fraud.  The owners of this particular franchise plead guilty to falisying paystub (W2) information in order to defraud the IRS.  They each face a maximum sentence…

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