CARES Act – The Individual Provisions
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CARES Act – The Individual Provisions

U.S. Government Provides Relief to Individuals, Businesses in Midst of COVID-19 Crisis On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic. Our aim in this alert is to give a brief overview of both the…

Small Business Covid 19 Resources
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Small Business Covid 19 Resources

The COVID-19 pandemic is affecting small business in many different aspects. Whether your business is retail, manufacturing, or service related, the one consistent theme uniting all small business is the need to pivot our day-to-day of operations. So how do we make these changes quickly and efficiently?  A good place to start is to educate…

Simplify Mileage Tracking
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Simplify Mileage Tracking

Automatic mileage tracking, is that possible? With Automatic, it is now! We are constantly asking clients for mileage to deduct on their tax returns.  You know who are you: Realtors, Contractors, Sales professionals, really anyone who gets a 1099.  Then you give us the mileage and we ask for…….you guessed it, the mileage log…  Yes, I…

Keeping good records, be in the know
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Keeping good records, be in the know

Keep it separated Some of the real estate agents we have worked with were shocked when they got their tax bill.  They owed more to the IRS due to not capturing all of their expenses.  They had been missing out on thousands of dollars of deductions because they are not keeping good records. The primary…

Real Estate Accounting, less stress, more business
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Real Estate Accounting, less stress, more business

The business of real estate Whether you are a real estate agent, running a real estate brokerage or a property management firm, you are in fact running a business.  Although similar, they each have different business requirements, as well as differing regulatory rules and regulations. Real Estate Brokers and Agents have large demands on their…

2019 Filing Deadlines for 2018 Returns
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2019 Filing Deadlines for 2018 Returns

Never to early to start planning, beginning with deadlines The IRS filing deadlines are as follows for 2018 returns: Pass-Through Entities S-Corporations and Partnerships Forms 1120S/1065 Due Date: March 15, 2019 Extension Date: September 16, 2019 Corporations C-Corporations Forms 1120 Due Date: April 15, 2019 Extension Date: October 15, 2019 Individuals Personal Forms 1040 / Sched…