by Joshua B Crutcher, CPA | Apr 8, 2020 | Coronavirus, Taxes
We have put together a quick summary of resources available to small businesses amid the coronavirus (COVID-19) pandemic and hope that you will find it useful. This memo will guide you through the primary relief options available to small businesses through the...
by Joshua B Crutcher, CPA | Apr 8, 2020 | Coronavirus, Taxes
On March 20, 2020, the Department of Education announced terms for student loan relief for tens of millions of borrowers in response to COVID-19.1 Here are answers to some questions about the new rules. For more information and to follow subsequent potential rule...
by Joshua B Crutcher, CPA | Jan 14, 2020 | Individual and Family Planning, Tax Services, Taxes
TAX TIP: Business owners claiming mileage, please go ahead and take a picture of your odometer now. This represents some proof of mileage in addition to oil change receipts and your mileage logs.Effective January 1, 2020, the standard mileage rates are as...
by Joshua B Crutcher, CPA | Jan 14, 2020 | Individual and Family Planning, Tax Services, Taxes
2020 Calendar Year Due DatesFirst Quarter Due DatesThe first quarter of a calendar year is made up of January, February, and March.January 10:Employees who work for tips. If you received $20 or more in tips during December, report them to your employer. You can use...
by Joshua B Crutcher, CPA | Jan 13, 2020 | Accounting, Taxes
SummaryLet’s start with the basics:When are 1099’s due? January 31,2020What do I need if my business paid independent contractors?Form W-9 to be completed by those contractorsThe total amount paid to those contractors if $600 or moreHere is a downloadable...
by Joshua B Crutcher, CPA | Jan 11, 2020 | Individual and Family Planning, Tax Services
On Saturday, January 11, all organizers for past clients were uploaded to the client portal. For new clients, I have included a blank tax organizer at the link below:2019 Tax OrganizerBelow is a quick refresher on completing the tax organizer. I wanted to touch on a...
by Joshua B Crutcher, CPA | Feb 12, 2019 | Individual and Family Planning, Tax Services, Taxes
The child tax credit changes are HUGE for my clients with children. Many have historically been phased of out being able to claim the credit. However, this year most will be able to take advantage. I give you a brief summary of the changes and highlight those in...
by Joshua B Crutcher, CPA | Feb 7, 2019 | Business Planning, Tax Services, Taxes
January 15 — Individuals Make a payment of your estimated tax for 2018 if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way). Use Form 1040-ES January 31 — All Employers Give your employees their copies of Form W2...
by Joshua B Crutcher, CPA | Feb 15, 2018 | Taxes
Q: Larry asks, “It seems like I can find all the information on what I need if I itemize but a nice simple list on what I need if I don’t itemize seems to be harder to come by. Any thoughts?” A: Good question and there are opportunities for you...
by Joshua B Crutcher, CPA | Feb 14, 2018 | Taxes
Q: Bonnie asks, “I’m self-employed, what requirements must be met for a trip to written off for work? Say, I take a week-long trip and I attend a one-day class; or just meet with someone. What can I write off?” A: As always, it depends on the very specifics of your...
by Joshua B Crutcher, CPA | Dec 27, 2017 | Taxes
2017 Planning for the Tax Cuts and Jobs Act (TCJA) We have will have a new law in effect January 1, 2018. This is the largest tax reform in thirty years, which will take some time to digest and develop solid planning strategies into the future. However, we do know...
by Joshua B Crutcher, CPA | Dec 7, 2016 | Taxes
See file included below for the 2017 Comprehensive Tax Figures… 2017 Comprehensive Tax...
