Thomas L Codington PA

(on hendersonville)
Business Consulting and Services in Asheville, NC
Business Consulting and Services
Financial Services
Taxes

Hours

Monday
8:30AM - 5:30PM
Tuesday
8:30AM - 5:30PM
Wednesday
8:30AM - 5:30PM
Thursday
8:30AM - 5:30PM
Friday
8:30AM - 1:00PM
Saturday
Closed
Sunday
Closed

Location

1944 Hendersonville Rd
Asheville, NC
28803

About

Thomas L Codington Pa Offers Strategic Tax Services, Tax Return Reviews, Quickbooks Training, Real Estate Planning, Accounting and Payroll Services in the Asheville, North Carolina Area.

Photos

Thomas L Codington PA Photo

Services

  • Strategic Tax Planning
  • Quickbooks Training and Support
  • Tax Help and Debt Relief
  • Tax Problem Solutions
  • Accounting and Payroll Services
  • New Business and Entity Selection
  • Tax Return Preparation
  • Real Estate Accounting and Taxation

Latest

Some insider tax knowledge from Thomas L Codington P.A.
The federal credit for the purchase and installation costs of a residential solar-power system is fading away and will no longer be available after 2021; plus, the credit itself is being reduced. BLOG.TLCPA.NET Solar Tax Credit is Sunsetting Soon
Wednesday Wisdom and Thomas L Codington P.A = Success
The decision concerning whom you designate as the beneficiary of your traditional IRA is critically important and affects the minimum amounts you must withdraw from the IRA when you reach age 72, who will get what remains in the account after your death, and how that IRA balance can be paid out to beneficiaries. BLOG.TLCPA.NET Keeping Your Designated IRA Beneficiary Current is Important
The tax filing extension deadline, October 15th, is just around the corner. Here is a quick reminder of what you need to know.
Thomas L Codington P.A has the motivation you need to get going this Monday.
Make your Monday great with this motivation from Thomas L Codington P.A
For those who love learning: here's a tax fact from Thomas L Codington P.A.
Gambling income can affect your taxes in more ways than you might believe, including causing your Social Security income to be taxed, reducing your health care subsidies through government marketplaces, paying higher Medicare B & D premiums, having additional filing requirements, and limiting or reducing a number of tax deductions and credits. BLOG.TLCPA.NET Gambling and Tax Gotchas
Tap into your full potential. Wednesday Wisdom from Thomas L Codington P.A
President Trump said Tuesday "he has told his administration's negotiators to end coronavirus stimulus talks with Democrats until after the Nov. 3 election." CNBC.COM Trump says he's calling off stimulus negotiations with Democrats 'until after the election'
You have probably heard others discussing living trusts but may not understand the reasons for them or whether you should have one. A living trust is an estate-planning tool that is customized to suit the special circumstances of the individual it was created for but does not provide any estate tax or income tax benefits. BLOG.TLCPA.NET Is a Living Trust Appropriate for You?
Here's your tax fact of the week from your friends at Thomas L Codington P.A.
Health insurance premiums, including Medicare parts B, C, and D; hospitalization; long-term care; and dental costs are all tax deductible, and are subject to AGI limitations if you itemize your deductions. If you are self-employed, including some partners, or a more-than-2% S corporation shareholder, you may be able to deduct the premiums without itemizing and without AGI limitations. BLOG.TLCPA.NET There is More to Deducting Health Insurance than Meets the Eye
It matters how you get there. Wednesday Wisdom from Thomas L Codington P.A
The SBA has released yet another simplified application for PPP loan forgiveness: SBA Form 3508S. This form can only be used if the total PPP loan amount received by the borrower from their lender was $50,000 or less. BLOG.TLCPA.NET The SBA Issues a Simplified PPP Loan-Forgiveness Application
If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances. Watch this video to learn more about some typical issues.
First, there was the usual April 15th deadline. Then, there was July 15th. If you filed for an extension, your deadline was October 15th - and now that date has come and gone. What happens now if you missed it? BLOG.TLCPA.NET What Happens if I Missed the October 15th Tax Extension Deadline?
For those who love learning: here's a tax fact from Thomas L Codington P.A.
Operating a SMB is hard work - and it's vital to know the financial health of your business at any time. Whether you're assembling your financial reports yourself or have hired professional help (like us), here are 12 metrics that can help you monitor your success. BLOG.TLCPA.NET 12 Financial Metrics Small Business Owners Should Track
To say COVID-19 has made 2020 a disastrous year for just about everyone would be an understatement. However, 2020 has given rise to more than the usual tax-planning opportunities. Thus, you may find it appropriate to schedule a tax-planning appointment well before the close of the year to take advantage of the tax benefits and strategies available for 2020. BLOG.TLCPA.NET Don't Miss Out on Year-End Tax-Planning Opportunities
Some Wednesday Wisdom from your friends at Asheville, NC 28803 based Thomas L Codington P.A
Are you an investor in stocks, bonds, mutual funds, etc.? If so, when you sell those securities, you will undoubtedly want to minimize your gains or maximize your losses for tax purposes. To do that, you'll need to know your tax basis in the investment (asset), which makes it important to keep track of the basis in all your investments. BLOG.TLCPA.NET Are You Keeping Track of Your Investment Basis?
Here's your tax fact of the week from your friends at Thomas L Codington P.A.
A frequent question is whether inherited assets are taxable. Generally, they are not until they are sold, and then only to the extent that the sales price exceeds the fair market value of the asset at the time of the decedent's death. There are exceptions to this rule, such as traditional IRAs and other deferred untaxed income of the decedent. BLOG.TLCPA.NET Is That Inheritance Taxable?
Wednesday Wisdom from your friends at Thomas L Codington P.A
An individual must have compensation in order to contribute to an IRA, unless the individual is a non-working or low-earning spouse who is allowed to contribute to his or her own IRA based upon the compensation of the working spouse. BLOG.TLCPA.NET Don't Miss the Opportunity for a Spousal IRA
Here's some motivation for your Monday from Thomas L Codington P.A
To say COVID-19 has made 2020 a disastrous year for just about everyone would be an understatement. However, 2020 gives rise to more than the usual tax planning opportunities. Watch this video to learn about these possibilities.
Many people are renting out their homes or vacation homes and are not aware of some special rules that apply to short-term rentals. Some of these rules can be beneficial, while others can be very detrimental. BLOG.TLCPA.NET blog.tlcpa.net
Wednesday Wisdom from your friends at Thomas L Codington P.A
To cope with inflation, the tax code requires the IRS to adjust the tax rates, standard deductions, and a variety of other tax related numbers each year, which they recently released for 2021. BLOG.TLCPA.NET IRS Releases Inflation Adjustments for 2021
Thomas L Codington P.A has the motivation you need to get going this Monday.
It's go time! Asheville, NC 28803 based Thomas L Codington P.A has some motivation for you today.
Here's your tax fact of the week from your friends at Thomas L Codington P.A.
The SBA U.S. Small Business Administration (SBA) has initiated a compliance program to evaluate the good-faith certification that borrowers made on their PPP Borrower Applications related to need for the loans due to economic uncertainty as a result of COVID-19. This program will apply to borrowers whose loans are $2 million or more. BLOG.TLCPA.NET SBA Questioning PPP Borrowers with Loans Over $2 Million
It matters how you get there. Wednesday Wisdom from Thomas L Codington P.A
The IRS has warned taxpayers of a clever scheme by internet scammers to dupe taxpayers into revealing their bank account information under the guise of receiving the $1,200 Economic Impact Payment. BLOG.TLCPA.NET Beware of New Text Scam Related to Stimulus Payments
Thomas L Codington P.A - Some Monday Motivation for our friends and colleagues.
Did you receive an IRS CP2000 notice (also known as an underreporter inquiry) in the mail? First step: Contact our office. Second step: Don't panic. We'll help you through the whole process. BLOG.TLCPA.NET What Happens if I Receive an IRS CP2000 Notice?
Let's get the weekend started. Friday from Thomas L Codington P.A
It is a common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a low fair market value, it would be treated as a de minimis fringe benefit. As such, it would be tax-free to the employee, and its cost is tax deductible by the employer. BLOG.TLCPA.NET Employee Holiday Gifts May Be Taxable
A little inspiration from Thomas L Codington P.A. Wednesday Wisdom
If you plan to start a new business, there are a number of decisions and possible elections you can make that will influence what form of business you select and how you decide to deduct costs. These choices can affect the tax outcome of your business for years to come. BLOG.TLCPA.NET New Business? Tax Issues to Consider
An individual must have compensation in order to contribute to an IRA. However, a non-working or low-earning spouse is allowed to contribute to his or her own IRA based upon the compensation of the working spouse. Watch this video to learn more.
Let's get the weekend started. Friday from Thomas L Codington P.A
It matters how you get there. Wednesday Wisdom from Thomas L Codington P.A
Some folks have been tapping or suspending their retirement savings to make ends meet during this COVID-19 pandemic, and although understandable, it is important to resume savings as quickly as financially possible. Still others have simply been ignoring the need to save for their retirement, which can have an unpleasant result when it comes time to retire. Many tax-benefitting retirement options are available. BLOG.TLCPA.NET Don't Fall Behind in Saving for Retirement
Small business owners: as we inch closer to the end of the year, it's a great time to be thinking about tax planning strategies for your business. Here are some ideas that can be beneficial at any time of year. BLOG.TLCPA.NET Preparing for 2021: Tax Planning Strategies for Small Business Owners
A little inspiration from Thomas L Codington P.A to start your week.
We all have our favorite game shows such as Wheel of Fortune, The Price is Right, and Let's Make A Deal, and we love to have the contestants win big. Unfortunately, those winnings are taxable on the contestant's state and federal tax returns. See what can happen by watching this video.
If you use workers other than employees to perform services for your business and pay them $600 or more for the year, you are required to issue each of them a Form 1099-NEC after the end of the year to avoid facing the loss of the deduction for their labor and expenses. BLOG.TLCPA.NET Your Annual Reminder to File Worker 1099s
Transform your life. Wednesday Wisdom from Thomas L Codington P.A
The holiday season is customarily a time to give gifts, whether to your favorite charity, family members or others. Some gifts even provide a variety of tax benefits but be on the lookout for holiday gift-giving scammers. BLOG.TLCPA.NET Year-End Gift Giving with Tax Benefits
Thomas L Codington P.A - Some Monday Motivation for our friends and colleagues.
The U.S. Small Business Administration (SBA) has initiated a compliance program to evaluate PPP borrowers whose loans are $2 million or more. Watch this video for more info on how your business can be better prepared.
If you sold your home this year or might do so in the near future, you should be aware of the many tax-related issues that could apply to that sale so that you will be prepared at tax time and not have to deal with unpleasant surprises. BLOG.TLCPA.NET Sold or Thinking of Selling Your Home?
Gambling is a recreational activity enjoyed by individuals. Nevertheless, there are far more tax issues related to gambling than you might expect. Watch this video for a quick overview.
Some Wednesday Wisdom from your friends at Asheville, NC 28803 based Thomas L Codington P.A
It seems hard to believe, but the holiday season is almost upon us, and that means that the tax preparation season for 2020 returns will soon follow. With the end of the tax year just weeks away, it may be appropriate (especially this year, in light of the financial havoc created by COVID-19) to review some year-end tax issues that might reduce your tax bite for 2020 or provide long-term tax benefits. BLOG.TLCPA.NET Tax Issues to Be Aware of as Year-end Approaches
Many people are neglecting their retirement savings or simply planning for their Social Security income to take care of their needs. To encourage better preparation for retirement, tax laws offer a variety of tax incentives for retirement savings plans. Watch this video for an overview of the options.
Looking for a sign? Here's your Monday Motivation from Asheville, NC 28803 based Thomas L Codington P.A
Some Wednesday Wisdom from your friends at Asheville, NC 28803 based Thomas L Codington P.A
The economic impact payments are a credit on your 2020 tax return. However, Congress mandated that the payments be made in advance, based on the prior year's tax return information, to provide financial assistance to individuals and families struggling during the initial outbreak of COVID-19. Needless to say, this created confusion as to who qualified for the payments, leading to errors and omissions. BLOG.TLCPA.NET Didn't Get Your Economic Impact Payment? You Can Claim It on Your 2020 Return.
Start your week on the right foot with Monday Motivation from Thomas L Codington P.A
If you sold your home this year or might do so in the near future, you should be aware of the many tax-related issues that could apply to that sale so that you will be prepared at tax time and not have to deal with unpleasant surprises. BLOG.TLCPA.NET Sold or Thinking of Selling Your Home?
Gambling is a recreational activity enjoyed by individuals. Nevertheless, there are far more tax issues related to gambling than you might expect. Watch this video for a quick overview.
For low- and moderate-income workers, the saver's credit can be used to offset part of the first $2,000 workers can voluntarily contribute to an IRA or their employer's qualified retirement plan. It helps individuals who don't normally have the resources to set money aside for retirement and is available in addition to the other tax benefits associated with retirement plan contributions. BLOG.TLCPA.NET Saver's Credit Can Help You Save for Retirement
This is our annual reminder for you to file worker 1099s if you use workers other than employees to perform services for your business. BLOG.TLCPA.NET Video: Annual Reminder to File Your Worker 1099s
Congress has reached an agreement on an emergency coronavirus relief bill which provides additional stimulus payments, extends unemployment benefits and provides another round of forgivable PPP Loans for small businesses. BLOG.TLCPA.NET Help Is on the Way - Emergency Coronavirus Relief Agreement Reached
Set yourself up for success with Monday Motivation from Thomas L Codington P.A
This is our annual reminder for you to file worker 1099s if you use workers other than employees to perform services for your business. Furthermore, there are some significant changes that you should know about this year.
Employee or independent contractor? This distinction decides whether your business issues a W-2 or 1099-NEC form to a specific wage earner. Here's everything you need to know about these forms and your annual wage reports. BLOG.TLCPA.NET W-2 or 1099-NEC: Which Form Should Your SMB Use for Which Workers?
After several months of the Republicans and Democrats bickering, they have finally passed COVID-related tax relief and the President has signed the bill. BLOG.TLCPA.NET Finally, The COVID Relief Package Is Law
Thomas L Codington P.A - Some Monday Motivation for our friends and colleagues.
It matters how you get there. Wednesday Wisdom from Thomas L Codington P.A
After months of political bickering, Congress is finally passing a new COVID relief bill. Watch this video for a summary of what you can expect from this relief package.
For low- and moderate-income workers, the saver's credit can be used to offset part of the first $2,000 workers can voluntarily contribute to an IRA or their employer's qualified retirement plan. It helps individuals who don't normally have the resources to set money aside for retirement and is available in addition to the other tax benefits associated with retirement plan contributions. BLOG.TLCPA.NET Saver's Credit Can Help You Save for Retirement
This is our annual reminder for you to file worker 1099s if you use workers other than employees to perform services for your business. BLOG.TLCPA.NET Video: Annual Reminder to File Your Worker 1099s
A little inspiration from Thomas L Codington P.A. Wednesday Wisdom
Many individuals are taking advantage of the historically low home-loan interest rates to buy their first home, sell their existing home to move up to a more expensive one, or refinance their existing mortgage. Some who currently own their homes free and clear are even taking out loans to lock in the low interest rates. BLOG.TLCPA.NET What Are the Tax Advantages of Home Ownership?
After several months of the Republicans and Democrats bickering, they have finally passed COVID-related tax relief and the President has signed the bill. BLOG.TLCPA.NET Finally, The COVID Relief Package Is Law
Thomas L Codington P.A - Some Monday Motivation for our friends and colleagues.
It matters how you get there. Wednesday Wisdom from Thomas L Codington P.A
After months of political bickering, Congress is finally passing a new COVID relief bill. Watch this video for a summary of what you can expect from this relief package.
Here's your tax fact of the week from your friends at Thomas L Codington P.A.
Great news for 2021 and 2022 only. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 allows businesses to deduct 100%, instead of just 50%, of business meal expenses meeting certain requirements. BLOG.TLCPA.NET Increased Business Meal Deductions for 2021 and 2022
Are you planning to buy your first home, upgrade from your existing one, or refinance your mortgage? Let's take a look at some tax advantages and drawbacks of homeownership.
Tap into your full potential. Wednesday Wisdom from Thomas L Codington P.A
The Internal Revenue Service recently issued the 2021 optional standard cents-per-mile rates for business, medical and moving purposes. However, you may find it in your best interest to keep track of actual expenses for 2021. BLOG.TLCPA.NET 2021 Standard Mileage Rates Announced
Make your Monday great with this motivation from Thomas L Codington P.A
Congress has authorized a second PPP loan draw but has generally limited the applicability to small businesses with 300 employees or fewer that suffered a 25% or more reduction in gross revenue during any quarter in 2020. BLOG.TLCPA.NET Congress Has Authorized a Second Round of PPP Loans
Transform your life. Wednesday Wisdom from Thomas L Codington P.A
The recent COVID-related tax relief legislation, passed late in December, extends and enhances deductions for cash charitable contributions. BLOG.TLCPA.NET Charitable Contributions Deduction Liberalized for 2021
A little inspiration from Thomas L Codington P.A to start your week.
COVID-19 has touched nearly every aspect of the lives of every American, including our financial health. There will be some tax implications that many people have not considered. Watch the following video for some possible tax consequences so you can be prepared when tax time comes.
Here's your tax fact of the week from your friends at Thomas L Codington P.A.
Midweek Wednesday Wisdom from Thomas L Codington P.A
President-Elect Biden released his "American Rescue Plan" on January 14. It is a wish list of proposals he wants Congress to enact to address the COVID-19 pandemic and associated economic crisis. BLOG.TLCPA.NET How Biden's Rescue Plan Might Impact Your Taxes
Thomas L Codington P.A - Some Monday Motivation for our friends and colleagues.
Congress has authorized a second draw for PPP loans. Watch this video for a short overview of what you can expect.
Breaking: The IRS is delaying the beginning of the 2020 tax season to February 12, 2021 CNBC.COM IRS delays start of tax filing season to Feb. 12
Here's your tax fact of the week from your friends at Thomas L Codington P.A.
PPP loans, payroll tax deferrals, the CARES Act, remote work - all of these are major topics to keep in mind as you file your 2020 business tax return. Here's a full breakdown. BLOG.TLCPA.NET 4 Questions Business Owners Should Consider During the 2020 Tax Season
It's tax time, and if you are like most taxpayers, you are probably facing the ominous chore of compiling records in preparation for your tax return. The task is never easy, but the effort usually pays off in the extra taxes you save! When you are fully prepared for your appointment, you'll have more time to explore additional deductions and consider a tax plan for the future. BLOG.TLCPA.NET Tax Time is Around the Corner! Are You Ready?
Set yourself up for success with Monday Motivation from Thomas L Codington P.A
December's COVID Tax Relief Act provided more than extended unemployment relief and stimulus payments. See a summary of the benefits and if any of them applies to you.
Let's get the weekend started. Friday from Thomas L Codington P.A
IRS opens up the use of ID verification tax filing numbers to taxpayers nationwide as a means of protection against filing fraud. These numbers must be applied for and identities verified before issuance. BLOG.TLCPA.NET IRS Offers New Identity Protection for Taxpayers
Make your Monday great with this motivation from Thomas L Codington P.A
Here are the business tax due dates for February 2021. BLOG.TLCPA.NET February 2021 Business Due Dates
Here are the February 2021 individual tax due dates: BLOG.TLCPA.NET February 2021 Individual Due Dates
Some insider tax knowledge from Thomas L Codington P.A.
Between 2010 and 2018, about 0.6% of individual tax returns resulted in an audit (that's about 250,000 taxpayers). Here are some of the red flags that could cause the IRS to audit your tax return. BLOG.TLCPA.NET Beware: These Tax Return Red Flags Could Catch the Eye of the IRS
As tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to overlooked tax credits and benefits. These items can save you a significant amount of taxes. BLOG.TLCPA.NET Obscure and Overlooked Tax Deductions, Credits, and Benefits
Some insider tax knowledge from Thomas L Codington P.A.
Although day trading is neither illegal nor unethical, it can be highly risky. Most individual investors do not have the wealth, time, or temperament to make money or sustain the losses that day trading can bring. Satisfying the rules that permit special tax treatment for day traders is difficult. BLOG.TLCPA.NET Day Trader Rules and Tax Treatment
Wednesday Wisdom and Thomas L Codington P.A = Success
If you were a victim of a major natural disaster, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 has special rules about retirement plan and IRA distributions, retirement plan loans, how to compute disaster losses, and relief for non-itemizers. Employers may qualify for a new employee-retention credit. BLOG.TLCPA.NET Tax Relief for Victims of 2020 Natural Disasters
Make your Monday great with this motivation from Thomas L Codington P.A
Here are the business tax due dates for February 2021. BLOG.TLCPA.NET February 2021 Business Due Dates
PragerU 4 hrs · It doesn't seem fair, does it?
Learn about taxes from your friends at Asheville, NC 28803 based Thomas L Codington P.A.
The Employee Retention Credit has been extended through June 30, 2021, and significantly liberalized. BLOG.TLCPA.NET Employee Retention Credit Extended
Midweek Wednesday Wisdom from Thomas L Codington P.A
The Consolidated Appropriations Act, 2021, which was passed late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit. BLOG.TLCPA.NET Interaction between PPP Loans and the Employee Retention Credit
Thomas L Codington P.A - Some Monday Motivation for our friends and colleagues.
Your Friday tax fact from Asheville, NC 28803 based Thomas L Codington P.A.
Here are the March 2021 Business due date reminders: BLOG.TLCPA.NET March 2021 Business Due Dates
Most taxpayers think they have to itemize their deductions to claim them on their tax returns. However, that is not entirely true. There are certain deductions that can be claimed while still using the standard deduction. BLOG.TLCPA.NET Tax Deductions Without Itemizing
Here are the March 2021 individual tax due dates: BLOG.TLCPA.NET March 2021 Individual Due Dates
The COVID-19 pandemic has continued to batter the economy, and one indicator of the struggle is the potential mortgage crisis: About 5 million Americans were unable to make their rent or mortgage payments in December 2020. Here's the latest info. BLOG.TLCPA.NET The Number of Americans Who Didn't Pay Their Mortgage Hit 5% in December 2020
Get inspired. Some Wednesday Wisdom from Asheville, NC 28803 based Thomas L Codington P.A
Tap into your full potential. Wednesday Wisdom from Thomas L Codington P.A
Money raised from online crowdfunding sites for purposes other than business is generally treated as a nontaxable gift if the contribution is made with detached generosity, but this can raise some unexpected gift tax issues. Raising money for business endeavors is generally governed by the U.S. Securities and Exchange Commission Rules, and the tax issues depend on what the contributor receives in return. BLOG.TLCPA.NET Tax Consequences of Crowdfunding
Start your week on the right foot with Monday Motivation from Thomas L Codington P.A
Congress put a halt on the RMD for the traditional IRA in 2020 in response to the Pandemic. However, the RMD will be resumed in 2021 and subsequent years.
Before deciding to get involved in a joint venture, business owners need to carefully assess how they plan to proceed. Here's a breakdown of what a joint venture really is. BLOG.TLCPA.NET What Is a Joint Venture?
According to the Department of Labor, $36-$63 billion in improper unemployment payments have been made during the pandemic. If you receive a 1099-G for benefits you didn't receive, you may be a victim of fraud. Here's what to do. BLOG.TLCPA.NET Unemployment Fraudsters May Create a Tax Nightmare for Unsuspecting Taxpayers
Required minimum distributions (RMDs) were suspended in 2020 due to the COVID-19 outbreak. However, barring any future extension of the suspension, RMDs will resume in 2021. BLOG.TLCPA.NET Required Minimum IRA Distributions Will Resume in 2021
Because of the pandemic, the people who normally rely on the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) to make ends meet are adversely affected. To assist them, Congress came up with a special way to calculate the two credits for 2020.
A little inspiration from Thomas L Codington P.A to start your week.
Congress came up with a special way to calculate the EITC and the child tax credit for 2020 that may be very beneficial for taxpayers whose income from working declined in 2020. BLOG.TLCPA.NET Special Rules Apply to 2020 EITC and Child Credit
Thomas L Codington P.A - Some Friday tax knowledge for our friends and colleagues.
Mom and pop businesses with fewer than 20 employees are given a 2-week exclusive application period for PPP Loans. BLOG.TLCPA.NET Mom & Pop Businesses Move to Front of the Line for PPP Loans
Analyzing overtime costs is an important strategic step in determining when to hire new workers and improve efficiency. BLOG.TLCPA.NET Analyzing Overtime Costs: A Strategic Step for HR
Thomas L Codington P.A has the motivation you need to get going this Monday.
Because of the pandemic, many have been forced to work from home for the past year. A frequent question is do they qualify for a special tax deduction for using their home as a workplace?
End of week tax fact from Thomas L Codington P.A
Where is your tax home? A recent case heard by the Tax Court called into question how to qualify one's tax home. "The calculation that will count the most will not be based on where you pay rent or a mortgage, but instead how much time you spend in each location and how much income you generate while you're there." BLOG.TLCPA.NET Tax Court Decision Holds Potential Impact for Travel Deductions
Filing status is determined on the last day of the year and most often is based on marital status. Single and Married Filing Jointly are the most common, but there are others. BLOG.TLCPA.NET Understanding Tax-Filing Status
Let's get the weekend started. Friday from Thomas L Codington P.A
With the passage of the American Rescue Plan Act, Congress has substantially increased the child tax credit for 2021 and directed the IRS to establish an advance payment program for the last 6 months of the year. BLOG.TLCPA.NET Big Increase in Child Tax Credit For 2021
In many cases, workers are receiving unemployment benefits for the first time, and they may not be aware of how those benefits are taxed for federal purposes, as well as by most states. BLOG.TLCPA.NET Are Your Unemployment Benefits Taxable?
The American Rescue Plan Act has passed and includes a third much-anticipated economic impact payment. This is one of several government measures intended to help financially stressed citizens. BLOG.TLCPA.NET It's Official! Another Round of Stimulus Payments Approved by Congress
A little inspiration from Thomas L Codington P.A. Wednesday Wisdom
Tax reform brought good news and bad news regarding the home-office deduction. The good news is that it is still allowed for self-employed taxpayers, but the bad news is that it is currently not available for employees even when they are required to work from home during the COVID pandemic. BLOG.TLCPA.NET Working from Home? Is there a Tax Deduction?
Let's get the weekend started. Friday from Thomas L Codington P.A
The IRS has announced they are extending the filing due date for 2020 individual tax returns from April 15, 2021, to May 17, 2021, but with some limitations. BLOG.TLCPA.NET IRS Extends Individual Return Filing Date
Great news if you are paying childcare expenses that enable you to work. As part of President Biden's American Rescue Plan Act, the child and dependent care tax credit has been substantially increased for 2021. BLOG.TLCPA.NET Great News, Child Care Tax Credit Expanded for 2021
Transform your life. Wednesday Wisdom from Thomas L Codington P.A
Tax season is here. What if you end up owing tax to the IRS and can't pay them immediately? This video will discuss a few options to consider when you don't have the funds to pay all of your tax liability.
The recently passed American Rescue Plan Act (ARPA) includes a provision for the federal government to pick up the cost of COBRA health coverage for employees' involuntary termination of their employment or reduction of hours subject to certain qualifications. BLOG.TLCPA.NET Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage
Thanks to some very liberal tax laws written to encourage investment in personal tangible equipment, including information technology (IT) equipment, many businesses will be able to expense (write off as a tax deduction) all such purchases. BLOG.TLCPA.NET You Can Expense Business IT Purchases
Have a genius business idea? Not so fast. Before diving right in, be sure to consider these 3 areas: your audience, your competition, and your financial feasibility. BLOG.TLCPA.NET How to Evaluate Your Business Idea Before Diving In
Here are the April 2021 business due date reminders: BLOG.TLCPA.NET April 2021 Business Due Dates
Midweek Wednesday Wisdom from Thomas L Codington P.A
Once you've made the decision to create an employee stock option plan, there's a lot of important work to be done before giving an agreement to each employee. Here's a full breakdown. BLOG.TLCPA.NET Tips for Creating an Employee Stock Option Plan
Here are the April 2021 individual tax due dates: BLOG.TLCPA.NET April 2021 Individual Due Dates

Information

Company name
Thomas L Codington PA
Category
Business Consulting and Services
Est
1977

FAQs

  • What is the phone number for Thomas L Codington PA in Asheville NC?
    You can reach them at: 828-684-6994. It’s best to call Thomas L Codington PA during business hours.
  • What is the address for Thomas L Codington PA on hendersonville in Asheville?
    Thomas L Codington PA is located at this address: 1944 Hendersonville Rd Asheville, NC 28803.
  • What are Thomas L Codington PA(Asheville, NC) store hours?
    Thomas L Codington PA store hours are as follows: Mon-Thu: 8:30AM - 5:30PM, Fri: 8:30AM - 1:00PM, Sat-Sun: Closed.