Fabiola Litherland, CPAJan 241 minOffice Relocation - We Have Moved!It is our pleasure to announce that we are expanding our business with a new office location. The new location is: 620 Cambridge St....
Fabiola Litherland, CPAJan 42 minTax Preparation Checklist for Individuals: Tax Year 2021There’s a lot of information to gather and remember as you gather your documents in preparation for Tax Season. We’ve put together a...
Fabiola Litherland, CPADec 22, 20217 minYear-End Checklist For Small BusinessesThe end of the year is a busy time for many reasons. Prepping for the holidays, making time for family, and planning for the new year...
Fabiola Litherland, CPANov 16, 20218 minTax Season 2022: What You Need To Know (And Looking Ahead to 2023)The coronavirus threw several monkey wrenches into 2021 tax season—including giving all of us procrastinators an extra month to file! But...
Fabiola Litherland, CPAOct 14, 20215 minEducation Savings Plans - 529 & MoreAs a parent, you naturally want to give your children every advantage to succeed in life. For many, this will include helping them with...
Fabiola Litherland, CPAOct 12, 20214 min15 Tax Breaks for Self-EmployedWith the recent uptick in self-employed workers, you may be looking to freelance or register your own business. In either case, you may...
Fabiola Litherland, CPASep 10, 20212 minIRS Offers New Guidance on Reporting 2021 Sick and Family Leave WagesThe Internal Revenue Service and the Treasury Department provided guidance to employers requiring them to report the amount of qualified...
Fabiola Litherland, CPAJun 15, 20218 minChild Tax Credit (CTC) 2021: "Opt-Out" or "Opt-In"Come July 15, the IRS will start issuing payments to people eligible for the expanded child tax credit as part of the coronavirus relief...
Fabiola Litherland, CPAJan 16, 20214 min2021 Tax Filing Season Begins Feb. 12; IRS Outlines Steps to Speed Refunds During PandemicThe Internal Revenue Service announced that the nation’s tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin...
Fabiola Litherland, CPADec 29, 202014 min2020 Tax Deductions & Tax Credits for IndividualsA tax deduction cuts the income you're taxed on, which can mean a lower bill. Deductions lowers your taxable income and thus reduces your...
Fabiola Litherland, CPANov 19, 202013 minTax Year 2020: The Ultimate Tax Deductions List for Self-Employed Business OwnersSelf-employed tax deductions are the superheroes of your business taxes. They swoop in, lower your tax bill, and save your wallet from...
Fabiola Litherland, CPANov 8, 20207 minPersonal Year-End Financial Planning ChecklistAs 2020 comes to a close, it is an important time to revisit your financials to maximize savings, ensure you start the new year strong...
Fabiola Litherland, CPASep 27, 20206 minBudgeting 101: What is a Good Way to Start a Spending Plan?Each time you’ve pulled out your credit card this month, it’s bothered you more. This was supposed to be the year for starting a budget,...
Fabiola Litherland, CPASep 23, 20202 minBREAKING BUDZ...I Mean NEWS! The IRS Adds Marijuana Industry Page To WebsiteThe Internal Revenue Service has added a page to its website aimed at the marijuana industry to inform cannabis business owners about...
Fabiola Litherland, CPASep 8, 20205 minIRA Addresses The President's Executive Order on Employee Payroll Tax Deferral in Notice 2020-65On August 28, 2020, the IRS issued Notice 2020-65 that provides some needed guidance for employers wondering whether and how to comply...
Fabiola Litherland, CPASep 8, 20203 minMilitary Families: Payroll Tax Deferment... Why You Shouldn’t Spend That Extra MoneyPresident Trump recently signed an executive order that will defer payroll taxes for all employees, including service members, from Sept....
Fabiola Litherland, CPAAug 29, 20203 minNew PPP Forgiveness Guidance Addresses Owner-Employee Compensation, Rent-Related CostsHighlights The SBA released an interim final rule (IFR) entitled Treatment of Owners and Forgiveness of Certain Non-payroll Costs on...
Fabiola Litherland, CPAAug 10, 20204 minInitial Impressions - Presidential Memorandum on Deferring Payroll Tax Obligations (COVID-19)President Trump on August 8, 2020, signed an executive action in the form of a memorandum directing “the Secretary of the Treasury to use...
Fabiola Litherland, CPAJul 29, 20202 minDid You Get a PPP Loan for Your Business? Here Are 3 Updates You Need to Know. Rules Have Changed! The rules surrounding the Paycheck Protection Program have changed -- and thankfully, for the better. Small businesses across the country...