Office 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....
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CPA · CONSULTANT
Certified Women-Owned Business
Bookkeeping, Tax Preparation (Individual and Business), Tax Strategic Planning, QuickBooks Pro-Advisor, Audits, Human Resources, Business Advisory.
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Fabiola Litherland, CPA
- Jan 4
- 2 min
Tax Preparation Checklist for Individuals: Tax Year 2021
There’s a lot of information to gather and remember as you gather your documents in preparation for Tax Season. We’ve put together a...
135 views0 comments
Fabiola Litherland, CPA
- Dec 22, 2021
- 7 min
Year-End Checklist For Small Businesses
The 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...
28 views0 comments
Fabiola Litherland, CPA
- Nov 16, 2021
- 8 min
Tax 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...
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Fabiola Litherland, CPA
- Oct 14, 2021
- 5 min
Education Savings Plans - 529 & More
As a parent, you naturally want to give your children every advantage to succeed in life. For many, this will include helping them with...
18 views0 comments
Fabiola Litherland, CPA
- Oct 12, 2021
- 4 min
15 Tax Breaks for Self-Employed
With the recent uptick in self-employed workers, you may be looking to freelance or register your own business. In either case, you may...
29 views0 comments
Fabiola Litherland, CPA
- Sep 10, 2021
- 2 min
IRS Offers New Guidance on Reporting 2021 Sick and Family Leave Wages
The Internal Revenue Service and the Treasury Department provided guidance to employers requiring them to report the amount of qualified...
24 views0 comments
Fabiola Litherland, CPA
- Jun 15, 2021
- 8 min
Child 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...
45 views0 comments
Fabiola Litherland, CPA
- Jan 16, 2021
- 4 min
2021 Tax Filing Season Begins Feb. 12; IRS Outlines Steps to Speed Refunds During Pandemic
The Internal Revenue Service announced that the nation’s tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin...
81 views0 comments
Fabiola Litherland, CPA
- Dec 29, 2020
- 14 min
2020 Tax Deductions & Tax Credits for Individuals
A tax deduction cuts the income you're taxed on, which can mean a lower bill. Deductions lowers your taxable income and thus reduces your...
64 views0 comments
Fabiola Litherland, CPA
- Nov 19, 2020
- 13 min
Tax Year 2020: The Ultimate Tax Deductions List for Self-Employed Business Owners
Self-employed tax deductions are the superheroes of your business taxes. They swoop in, lower your tax bill, and save your wallet from...
74 views0 comments
Fabiola Litherland, CPA
- Nov 8, 2020
- 7 min
Personal Year-End Financial Planning Checklist
As 2020 comes to a close, it is an important time to revisit your financials to maximize savings, ensure you start the new year strong...
34 views0 comments
Fabiola Litherland, CPA
- Sep 27, 2020
- 6 min
Budgeting 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,...
24 views0 comments
Fabiola Litherland, CPA
- Sep 23, 2020
- 2 min
BREAKING BUDZ...I Mean NEWS! The IRS Adds Marijuana Industry Page To Website
The Internal Revenue Service has added a page to its website aimed at the marijuana industry to inform cannabis business owners about...
31 views0 comments
Fabiola Litherland, CPA
- Sep 7, 2020
- 5 min
IRA Addresses The President's Executive Order on Employee Payroll Tax Deferral in Notice 2020-65
On August 28, 2020, the IRS issued Notice 2020-65 that provides some needed guidance for employers wondering whether and how to comply...
19 views0 comments
Fabiola Litherland, CPA
- Sep 7, 2020
- 3 min
Military Families: Payroll Tax Deferment... Why You Shouldn’t Spend That Extra Money
President Trump recently signed an executive order that will defer payroll taxes for all employees, including service members, from Sept....
38 views0 comments
Fabiola Litherland, CPA
- Aug 29, 2020
- 3 min
New PPP Forgiveness Guidance Addresses Owner-Employee Compensation, Rent-Related Costs
Highlights The SBA released an interim final rule (IFR) entitled Treatment of Owners and Forgiveness of Certain Non-payroll Costs on...
30 views0 comments
Fabiola Litherland, CPA
- Aug 10, 2020
- 4 min
Initial 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...
36 views0 comments
Fabiola Litherland, CPA
- Jul 28, 2020
- 2 min
Did 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...
34 views0 comments