James D Anderson CPA

Conducting business from home? Here are some great tips for those virtual conferences. https://bit.ly/2WygwMC

Many people are intimidated by the idea of getting a mortgage while self-employed, and some may tell you it is difficult. There are ways to improve your rates and probability of approval when getting a mortgage while self-employed. https://bit.ly/3bd0N9N

On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. Learn more here: https://bit.ly/2X8SdoL

Economic impact payments: What you need to know: https://bit.ly/3bDrlRO

Are you taking the standard deduction this tax year? Take note of the new deductions for each filing status: Single / Married Filing Separately - $12,400 Married Filing Jointly - $24,800 Head of Household - $18,650

It is important to file your taxes on time to steer clear of late penalties. If you're not familiar with the process you'll want to let a professional like us handle it.

As a small business owner, you want to ensure you pay as little as possible come tax filing season. Here are a handful of strategy tips that could help you to minimize your tax liability so you can improve your bottom line. https://bit.ly/3daNQPA

When you break larger bills, put the fives aside for savings. You'll be surprised at how fast it adds up!

Tax Tip: Before you file your Federal Tax return follow these tips to avoid delays. https://taxpayeradvocate.irs.gov//tas-tax-tip-avoid-unnece

Stay in the sweet spot - you should keep your credit utilization below 30%. If you find yourself surpassing that amount, try making an extra payment mid-cycle to reduce your balance.

The odds of an audit may be low, but there are certain things that jump out to the IRS. Here are some common things that could cause the IRS to look more closely at your 2019 tax return. https://cnb.cx/36qvnKs

Ready to ease into working from home? Here’s what you need to do to transition into becoming a telecommuter: https://bit.ly/2Jetl6X

In response to the Federal tax extension, individual states have been working to finalize their policies in response to the COVID-19 outbreak. You can track these changes in real-time at this link: https://taxfoundation.org/state-tax-coronavirus-covid19/