by somichcpa | Dec 7, 2020 | Uncategorized
You’re ready to take out a loan to buy a house, a car or get a credit card. You fill out the application and wait to hear back from your bank on its decision whether to loan you the money. And then you get the dreaded phone call. Your credit score wasn’t high enough...
by somichcpa | Nov 28, 2020 | Uncategorized
The IRS recently announced its 2020 edition of its annual Dirty Dozen list of tax scams with a special emphasis on aggressive and evolving schemes related to COVID-19 tax relief, including Economic Impact Payments. Here are six of the more common scams. Phishing....
by somichcpa | Nov 21, 2020 | Uncategorized
With 30-year fixed rate mortgages approaching historical lows of 3%, you may be thinking about refinancing an existing mortgage. But you better read the fine print before signing on the dotted line to avoid paying too much money. Here are some common mistakes...
by somichcpa | Nov 14, 2020 | Uncategorized
You may have started your business as a simple sole proprietorship that files its taxes as a Schedule C on your Form 1040. As your business grows, you may want to change the structure. Here are several scenarios where it may make sense to do just that. Reasons to...
by somichcpa | Nov 10, 2020 | Uncategorized
Action to take now! Now is a good time to assess your current situation and address those lingering tax moves that may improve your tax picture for 2020. Here are five things to consider: 1. Check on your withholdings. Review your taxable income and the amount of tax...
