by Karen Baksa | Jan 16, 2025 | Uncategorized
The beginning of a new year is the perfect opportunity to go through a financial review checklist and revisit your financial, legal, and personal strategies. Here are some key areas to consider as you assess your plans and prepare for the year ahead: Reflect on Life...
by somichcpa | Dec 18, 2023 | Uncategorized
Somich & Associates CPAs, the distinguished full-service accounting firm renowned for its steadfast commitment to empowering family-owned businesses, welcomes Karen Baksa as their Tax Director. Embracing the Somich & Associates CPAs culture, Karen...
by somichcpa | Sep 21, 2023 | Uncategorized
A silver lining to continued interest rate hikes by the Federal Reserve is being able to earn more interest on cash stashed in your savings accounts. How much interest, exactly, you can earn depends on where you do your banking. Consider these tips to earn as much...
by somichcpa | Feb 8, 2022 | Uncategorized
With tax season now officially underway, here are several tax documents that may be easy to miss in your mailbox or inbox: Child tax credit letter. From July through December 2021, the IRS paid out 50% of projected child tax credit payments to qualified households....
by somichcpa | Jan 14, 2022 | Uncategorized
Tax return filing season usually gets a little crazy, but this year will be more turbulent than most. Due to new tax legislation and guidance from the IRS, you will have to cope with a wide variety of tax changes, some of which relate to the pandemic. Here are several...
by somichcpa | Dec 13, 2021 | Uncategorized
Getting a bill for an unexpected expense can put a significant dent in your business’s cash flow. Here are some tips your business can use to deal with a surprise bill. Stick to a reconciliation schedule. The best advice is to be prepared for the unexpected. Do this...
