Season’s Greetings from Wendy Klein CPA Professional Corporation. We wish you and your family a wonderful holiday season, and a happy, healthy, and prosperous New Year 2023!
Season’s Greetings from Wendy Klein CPA Professional Corporation
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How To Get The Most From Working With Wendy Klein CPA Professional Corporation
As a small business owner with limited resources, you may find it difficult to gauge when to outsource responsibilities or handle them on your own. This is particularly true when it comes to business accounting, especially if you’ve just started your business or if your company has grown beyond an expected size. From choosing a business structure that helps you save the most money on taxes to providing advice on a major business move, there are many instances when your small business needs a certified public accountant (CPA).
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Season’s Greetings From Wendy Klein CPA Professional Corporation
Wendy Klein CPA Professional Corporation wishes you and yours a happy, healthy, and prosperous holiday season.
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IRS started sending unemployment tax refunds to 2.8 million. When will you see yours?
Original Article Source Credits: CNET , https://www.cnet.com/
Article Written By: Oscar Gonzalez
Original Article Posted on: June 10, 2021
Link to Original Article: https://www.cnet.com/personal-finance/taxes/irs-started-sending-unemployment-tax-refunds-to-2-8-million-when-will-you-see-yours/
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Interest rates remain the same for the third quarter of 2021
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: May 27, 2021
Link to Original Article: https://www.irs.gov/newsroom/interest-rates-remain-the-same-for-the-third-quarter-of-2021
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What someone should do if they missed the May 17 deadline to file and pay taxes
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: May 18, 2021
Link to Original Article: https://www.irs.gov/newsroom/what-someone-should-do-if-they-missed-the-may-17-deadline-to-file-and-pay-taxes
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Biden Seeks to Expand Information Reporting on Cryptocurrencies
The Biden administration wants to expand information reporting for financial institutions to better capture exchanges of cryptocurrency transactions.
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How Are Crypto Loans Taxed?
Original Article Source Credits: Forbes , https://www.forbes.com/
Article Written By: Shehan Chandrasekera
Original Article Posted on: Mar 17, 2021
Link to Original Article: https://www.forbes.com/sites/shehanchandrasekera/2021/03/17/how-are-crypto-loans-taxed/?sh=71b94954135e
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Why Filing DIY Tax Returns Should Be Avoided
DIY or do-it-yourself activities are a great test of creativity and an excellent opportunity to save a little money. Doing things yourself can also be therapeutic or fun. However, as the DIY craze catches on, many believe just by watching a couple of YouTube instructional videos, all tasks can be completed swiftly and economically as a DIY, even the sometimes complicated task of filing tax returns for small businesses.
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SBA Substantially Increases PPP Loan Amount Eligibility For New Schedule C Borrowers
Original Article Source Credits: Forbes, https://www.forbes.com
Article Written By: Brian Thompson
Original Article Posted on: Mar 4, 2021
Link to Original Article: https://www.forbes.com/sites/brianthompson1/2021/03/04/sba-substantially-increases-ppp-loan-amount-eligibility-for-new-schedule-c-borrowers/?sh=76f9a2365c23
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8 Tax Tips for 2021
Original Article Source Credits: CPA Practice Advisor , https://www.cpapracticeadvisor.com/
Article Written By: NA
Original Article Posted on: Jan 27th, 2021
Link to Original Article: https://www.cpapracticeadvisor.com/tax-compliance/news/21207772/8-tax-tips-for-2021
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What to Know When Applying for a New PPP Loan By March 31
Original Article Source Credits: Entrepreneur , https://www.entrepreneur.com/
Article Written By: Michel Valbrun
Original Article Posted on: February 12, 2021
Link to Original Article: https://www.entrepreneur.com/article/363362
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IRS Warns Of Delays And Challenging 2021 Tax Season: 10 Tax Tips For Filing Your 2020 Tax Return
Original Article Source Credits: Forbes , https://www.forbes.com/
Article Written By: Ashlea Ebeling
Original Article Posted on: Feb 12, 2021
Link to Original Article: https://www.forbes.com/sites/ashleaebeling/2021/02/12/10-tax-tips-for-filing-your-2020-tax-return-irs-urges-taxpayers-to-e-file-use-direct-deposit-for-quickest-refund/?sh=5923e8cb463d
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Important reminders before filing 2020 tax returns
Original Article Source Credits: IRS, https://www.irs.gov/
Article Written By: NA
Original Article Posted on: 27th January 2021
Link to Original Article: https://www.irs.gov/newsroom/important-reminders-before-filing-2020-tax-returns
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2021 tax filing season begins Feb. 12; IRS outlines steps to speed refunds during pandemic
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: January 15, 2021
Link to Original Article: https://www.irs.gov/newsroom/2021-tax-filing-season-begins-feb-12-irs-outlines-steps-to-speed-refunds-during-pandemic
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EIDL grants are taxable to California
The FTB has just clarified that EIDL (Economic Injury Disaster Loan) advance grants are taxable to California. AB 1577 (Ch. 20-39) enacted a California exclusion for PPP loan forgiveness, essentially mirroring the federal exclusion adopted by the CARES Act. However, the federal exclusion for EIDL grants was enacted by the Consolidated Appropriations Act, which California has not conformed to. California would have to enact new legislation to conform to this exclusion.
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COVID-19 relief bill addresses key PPP issues
Original Article Source Credits: Journal Of Accountancy , https://www.journalofaccountancy.com/
Article Written By: Jeff Drew
Original Article Posted on: December 22, 2020
Link to Original Article: https://www.journalofaccountancy.com/news/2020/dec/covid-19-relief-bill-addresses-key-ppp-issues.html
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New things taxpayers should consider as they get ready to file taxes in 2021
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: December 16, 2020
Link to Original Article: https://www.irs.gov/newsroom/new-things-taxpayers-should-consider-as-they-get-ready-to-file-taxes-in-2021
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Special PPP update for California taxpayers
The new covid relief bill clarified that borrowers who have loans forgiven may claim deductions for expenses even if expense were paid with loan amounts that were forgiven. This applies to all PPP loans.
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Late last night the president did ultimately sign the covid relief bill
Late last night the president did ultimately sign the covid relief bill, thereby creating the fix that was so highly anticipated.
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