With the 2019 tax season closed (except for those who filed extensions), now is the time to look over your returns. Did your accountant miss anything you were expecting or did you have a question on something you noticed. Many of you may "review" your returns but have your really reviewed them? The IRS provides a checklist on common errors when preparing your return. https://www.irs.gov/taxtopics/tc303
IRS.GOV
Topic No. 303 Checklist of Common Errors when Preparing Your Tax Return | Internal Revenue Service
Little Eagle Drive-Thru Beverage is at Little Eagle Drive-Thru Beverage.
August 11 at 11:01 AM · Chardon, OH ·
Join us tonight. 7:30 at Chardon Twp Hall on Mentor Road. Help support Little Eagle receiving a zoning variance needed to add gas pumps at our corner. Please share.
Join us tonight. 7:30 at Chardon Twp Hall on Mentor Road. Help support Little Eagle receiving a zoning variance needed to add gas pumps at our corner. Please share.
Shout out to the AICPA and CPA.com for creating such a great tool to help businesses with PPP loan forgiveness.
AICPA.ORG
AICPA and CPA.com Team Up with Biz2Credit to Launch PPP Loan Forgiveness Tool
Taxpayers who request a direct deposit for an original return may expect a refund within 15 business days. The Ohio Department of Taxation also states that paper returns will take approximately 8 to 10 weeks to process. If you are wondering where the return is use the 'Check My Refund Status' option on the tax.ohio.gov website:
TAX.STATE.OH.US
Check My Refund Status - Ohio Department of Taxation
JULY 15! IRS Tax returns are due. If you need help reach out. Don't get frustrated 🤬 You may want to send in an extension rather than not file. If you owe taxes, we can help set-up the payment plan. 👩🏫 Don't put this off, it just isn't worth it.🤓 Have Income of $69,000 or less? You can do this yourself, for free, and save 💲💲💲
If you have clients that are interested, or if you yourself are interested, the PPP Deadline has extended.
THEHILL.COM
Senate passes extension of application deadline for PPP small-business loans
October 15th - Deadline to file taxes if you have filed extensions. Don't wait till the last minute. IRS is waiting for your returns. If you need assistance, please reach out.
Dividend check will be here soon. Keep watch on your mail.
Who is working on their PPP loan forgiveness paperwork? How is it. Have a couple clients that will need to process paperwork, though they are worried that they will be losing the deductions.
Looking to change Accounting, Inventory or CRM software after the year-end reporting is complete? When you have a bit of a breather. Consider asking for assistance. Having a fresh set-of eyes on your systems can provide you invaluable insight to areas of weakness and areas of strength.
The planning and evaluating of a project endeavor can be done intuitively based on years of experience—or by following a predetermined plan. I recommend a plan.
Project Managers help with the plans before you incur the expense. Krizman and Associates can help formulate the plan. #softwareintegration #projectplanning
Register with the IRS by Nov. 21 to get an Economic Impact Payment; same deadline for federal beneficiaries to get missed $500 per child payments
The Internal Revenue Service today reminded people who don’t normally file tax returns that they have until Nov. 21 at 3 p.m. Eastern time to register for an Economic Impact Payment. They also may be eligible to get to a $1,200 payment for their spouse and $500 for each qualifying child.
The extended Nov. 21 deadline also gives more time to federal beneficiaries who already received an EIP but didn't register to receive supplemental $500 payments for qualifying children. Those eligible to provide this information include people with qualifying children who receive Social Security retirement, survivor or disability benefits, Supplemental Security Income (SSI), Railroad Retirement benefits and Veterans Affairs Compensation and Pension (C&P) benefits and did not file a tax return in 2018 or 2019.
Give us a call if you need help getting this done.
Check out the 2020 rates
SEARCH.GOOGLE.COM
Krizman & Associates, LLC on Google
The IRS will be able to accept e-filing very soon. Stay tuned.
The new stimulus bill now forgives up to eight months of principal and interest payments on Section 7(a) and 504 Microloans from the SBA.
May be worth looking into for your business.
INQUIRER.COM
Besides PPP, there’s another forgivable loan program for small businesses thanks to the new stimulus bill
