Crossroads Planning

Crossroads Planning will be OPEN on President’s Day! If you’re looking for professional help this tax season or just a second opinion we would love to help you out!

Tax season is upon us and if you're like most business owners that we sit down with, you have a lot of questions. While this list is certainly not exhaustive, this post from Entrepreneur is a good starting point for addressing some of your more immediate concerns.

Happy Lunar New Year! #YearoftheOxHappy Lunar New Year! #YearoftheOx

A new year always brings about change to financial planning and 2021 is no exception. Here are some things you need to keep on your radar -- related to COVID, the Stimulus package, and taxes -- as they may affect your finances:

If your small business has been struggling because of the Covid-19 pandemic, here are some important ways the new relief package passed by Congress may help.

#HappyNewYear2021#HappyNewYear2021

**JUST A FRIENDLY REMINDER** TAX SEASON IS AROUND THE CORNER THE IRS WILL BEGIN ACCEPTING INDIVIDUAL RETURNS ON FRIDAY, FEB. 12, 2021. PLEASE GATHER ALL NECESSARY DOCUMENTS NEEDED TO FILE YOUR RETURN. ... DON'T KNOW WHAT YOU NEED? REACH OUT AND WE'LL HELP YOU GET STARTED. See more

Thank You for all your support. We really appreciate all of you who have supported us during this Covid-19 Pandemic.

Excited to be a part of @newsfromIN's 40 Under 40! Check out the full list here: http://www.investmentnews.com/40 #IN40

The answer is no- Unless you are self-employed or in a general partnership. This is where things get tricky, if you have a single member S Corp, you are an employee, not self-employed.

We have launched our new website! Visit us at https://crossroads-planning.com/ and let us know your thoughts? Thank you!

We have launched our new website! Visit us at https://crossroads-planning.com/ and let us know your thoughts? Thank you!

If you are self-employed, you are now eligible to file for unemployment. https://edd.ca.gov/Unemployment/UI_Online.htm

If you need to update your bank info with the IRS for your stimulus check: Update it under Filers: Get Your Payment

The tax filing deadline has been extended to July 15th! Let us know if you like to re-schedule your appointment. :)

90-Day Relief for Tax Payments Due Yesterday, during the White House’s daily coronavirus briefing, Treasury Secretary Steven Mnuchin announced that tax payments up to $1 million for individuals can be deferred for 90 days. The $1 million thresholds were chosen for those who report pass-through business income on their individual return. Corporations are able to defer up to $10 million in tax payments. Penalties and interest that would otherwise apply during this nearly thre...e-month period will be waived. Mnuchin is encouraging Americans who can file taxes by the April 15 deadline to do so. He also noted that refund issuance will not be affected by those who file.

Fun Fact: Did you know HSA contributions are not pre-tax in the state of California & New Jersey?Fun Fact: Did you know HSA contributions are not pre-tax in the state of California & New Jersey?

You may be getting a refund.

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