by somichcpa | May 4, 2020 | Individual Taxes, Tax Tips
COVID-19 uncertainty abounds. Thankfully, by monitoring tax changes on your behalf, we can work together to navigate the right path for you and your family. Here is a round-up of tax-related laws and information to help with tax planning for 2020. Early distribution...
by somichcpa | Apr 26, 2020 | Financial Planning, Individual Taxes
The Cares Act is continuing to provide program letters on the expanded unemployment benefits. This has not been fully implemented across the country and it will be administered by each state’s local benefits programs. Fortunately, Ohio is one of the states that...
by somichcpa | Apr 11, 2020 | Individual Taxes
The April 15 federal income tax filing due date has been moved to July 15, the U.S. Treasury Department and IRS recently announced. Here is what you need to know: The due dates for all tax payments normally due April 15 have been pushed back 90 days to July 15,...
by somichcpa | Mar 30, 2020 | Business, Corporate Taxes, Individual Taxes, Retirement Planning
To date, we have helped 58 business owners, and families navigate through the CARES Act. And yes – it’s LAW. But we are still WEEKS away from this law becoming implemented fully. We must be proactive through this entire process! We’ll keep you updated daily via...
by somichcpa | Mar 10, 2020 | Individual Taxes, Tax Tips
Your kids are getting older. Before you know it they’ll be dating, driving and entering college (if they aren’t already!). Tax breaks drop dramatically as your children grow up, but you may be able to offset the losses with some timely tax planning. Consider the...
by somichcpa | Feb 18, 2020 | Business, Individual Taxes
With the major Form W-4 overhaul for 2020, you may field questions from your employees concerning their federal paycheck tax withholdings. While it’s not your responsibility to provide tax advice to your employees, it’s good to be prepared to help answer questions...
