Wheeler Accountants

If you use an online platform to rent out a spare bedroom, provide car rides, or to provide any other goods or services, you may be part of the sharing or gig economy. If so, there are several things to keep in mind. http://ow.ly/vaHS30rfO95

Exciting news! Our own Matt Wheeler and Eric Rodriguez of WealthBuilders LLC, have launched a fresh new podcast called the Avocado Toast Podcast where they share in-depth and unbiased financial strategies to help HENRYs and Millennials achieve financial independence. Get to know Matt and Eric in this introductory episode. http://ow.ly/lM8830rf0MM

Risk Management is the first step in a six part series exploring the financial planning acronym R.E.T.I.R.E. In this episode of Avocado Toast Eric and Matt cover basic tenets of Risk Management and how to develop a plan to protect yourself and your family. http://ow.ly/ZCBc30rfO94

The use of digital signatures on certain forms that cannot be filed electronically will now be temporarily allowed. The forms listed in this post can be submitted with digital signatures if mailed by or on December 31, 2020: http://ow.ly/V0Om30rfO93

Happy (Spooky) Tax Fact Friday! Gangster Al Capone, or "Scarface," is thought to have killed 300 to 500 people. But the federal government had insufficient evidence of murder, so in 1922 they tried Capone and convicted him of income tax evasion which finally sent him to prison.

The latest Interim Final Rule outlines specific details for businesses with PPP Loans totaling $50,000 or less. Check the blog for details. https://wheelercpa.com/ifr-10-2020/

As scary as it feels, if you receive correspondence from the IRS, don't panic. Here are a few potential scenarios and what you might do in response. http://ow.ly/II9b30rf0ML

Wheeler has participated annually in the "JL Challenge" since 2017, a fundraising event for the Jerry Loyola Foundation. Check it out to see how we did! We are happy to support a great cause and look forward to another challenge next year. https://wheelercpa.com/the-2020-jl-challenge/

With more people working from home than ever before, here is what taxpayers should keep in mind when it comes to understanding the home office deduction and whether they can claim it.

It's never too early to do a "Paycheck Checkup" to make sure the right amount of tax is withheld from earnings - and avoid a tax surprise next year when filing your 2020 tax return. http://ow.ly/zbW750BBQtu

If you discover a mistake on your tax return after you've already filed, don't panic. In most cases, all you have to do is file an amended tax return. Here's what you need to know: http://ow.ly/UVKN30r7na5

We view accounting as an opportunity for better outcomes. What does "better" mean to you? Lower taxes, greater efficiency, enhanced profit or a plan for success? If so, our services may fit your needs: http://ow.ly/uWEB30r7na4