Our Blog

Travis O'Hara •

Many Americans are going through tough times due to COVID-19; when times get tough, that's when scammers often work their hardest to take advantage of people! There are many ways that con artists may try to take advantage of support given to Americans by the government. Scammers may try phishing, fake-check scams, and phone calls to collect personal information. 

Lena Rozzi, CPA •

​Congratulations to the Class of 2020! Graduating from school can mark an exciting time for new graduates as they transition from being a student to becoming a working professional. This three part series will dive into some helpful information and tips on what to expect as you journey down your career path.

The IRS recently released an application to check the status of when taxpayers should be receiving their Economic Impact Payments. There are two options, one for taxpayers who filed a tax return in 2018 or 2019 and another for taxpayers who did not file a tax return. 
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We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. We want to update you on the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress's gigantic economic stimulus package that the President signed into law on March 27, 2020.
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The IRS has created a website dedicated to the Coronavirus. The site focuses on steps to help those affected by the virus. So far the IRS web page includes relevant news releases, and guidance issued in Notice 2020-15. It also has options for tax help.​
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Lena Rozzi, CPA •

​The enactment of the Tax Cuts and Jobs Act (TCJA), passed in December 2017, effectively became one of the largest tax reforms in decades, however, there are changes that will leave some taxpayers owing more taxes then they anticipated this year. 

So you’ve prepared your return and you owe the IRS but you don’t have the money to pay. Now what? 
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Angela Campbell, CPA •

The housing market is at the top of its game these days and your friends are suggesting that you sell your home.  You know you will receive multiple offers and probably sell the house over what you are asking for it. Do your homework to ensure that a sale won’t cost you more in taxes than you are putting in your pocket.  Your tax advisor should be the first person that you call even before letting your real estate agent put a sign in your yard. Here are a few things you will need to know:

Pollyanna King, CPA, MST •

As you pour through your checkbook register and piles of receipts for tax reporting items, you may need to make a list of your 2019 charitable donations. For people who file using the itemized deduction method, and report your donations on Schedule A instead of using the standard deduction, you should have a list with the charity’s name, the date and the amount that was given followed by a grand total for your record of 2019 charitable donations.

Alyssa Hodges, CPA •

The new year has been rung in and I’m sure your first thought in 2020 was, “2019 is over, I need to get my accountant my tax forms STAT!” However, you may have to take a breather and wait for everything you need to be ready. What should you wait for? It depends on the type of taxes you’re filing and what types of income you have.

Individual Taxes

In most cases, individuals should wait until they think they have all of their information together before giving it to their accountant.