Nelson & Associates, CPAs

We’re entering the last few days to file your taxes. The extended tax deadline is May 17th. If you cannot file by the 17th, you can file an extension. Taxpayers must request an extension to file by May 17, or they may face a failure to file penalty. This extension gives you until October 15 to file your tax return. ... It's important to note that an extension to file is not an extension to pay. Taxes must be paid by May 17 to avoid penalties and interest on the amount owed after that date. #taxes2021 #CPA #sacramento #CPAFirm #taxtime2021

While the deadline to file and pay your federal taxes has passed for most, some taxpayers may still be dealing with tax-related issues. Here are some tips for the most common after-tax-day issues. Check Refund Status If you have a refund coming you can check your refund status here: https://www.irs.gov/refunds Taxpayers without access to a computer can call 800-829-1954.... Owe Taxes to the IRS? Review Payment Options If you owe taxes this year you can review all payment options here: https://www.irs.gov/payments Check Withholding Check your withholding using the Tax Withholding Estimator at https://www.irs.gov/individuals/tax-withholding-estimator. This will help you make sure your employer is withholding the right amount of tax from your paycheck. Doing this now can help avoid an unexpected amount due and possibly a penalty when you prepare and file your taxes next year. Need to Amend a Tax Return? You may find you made an error or forgot to enter something on your tax return. The IRS strongly recommends taxpayers use the Interactive Tax Assistant to help determine if you should correct an error or make other changes to the tax return they already filed. https://www.irs.gov/help/ita/should-i-file-an-amended-return Note: Those expecting a refund from their original return should not file an amended return before the original return has been processed.

A Mother is like a flower, each one beautiful and unique. Happy Mother’s Days!

Every month we celebrate a non-profit to help spread awareness about their story and mission. This month's highlight is the nonprofit Delta Sculling Center Delta Sculling Center provides fitness, health, leisure and recreation through the sport of sculling (rowing with two oars). Located in Stockton, CA on the Delta, they run 5 different programs: Masters: Open to all able bodied adults at all different levels.... Girls Row: Introduces rowing to female athletes ages 12-18, and strives to include those from under-served areas of our community. Oarbusters: Helps athletes with physical/sensory/cognitive and emotional challenges. It allows participants to improve health, be social, and to find new ways to be active. Freedom Rows: Considered a premier example of helping physically disabled and able-bodied veterans with PTSD, TBI and other combat-related issues. Erg Ed: A classroom-based indoor rowing education program that serves more than 20,000 students a year. Delta Sculling Center ensures their programs are available to every person regardless of physical limitations or economic means. Delta Sculling Center is where everyBODY sculls! If you would like to know more, donate, or volunteer please visit their website http://www.deltasculling.org/

Houston, We Have a Problem #FunFactFriday Astronauts still have to file taxes by April 15, even if they're orbiting hundreds of miles above Earth. Astronaut Jack Swigert, the command module pilot for Apollo 13, got the assignment at the last minute because of health concerns surrounding another astronaut. In the rush, Swigert neglected to file his taxes. According to the transcript of the moment he realized his mistake, the crew on the ground thought he was joking, but S...wigert was seriously asking how to file an extension. Mission Control assured Swigert that they would help him get his taxes filed on time. While Swigert was not in a different country, he was still considered a U.S. citizen abroad, which qualified him for an extension to file his taxes late but penalty-free.

Monthly Child Tax Credit Payments to Start July 15 - When will your payments arrive? The IRS released new details about the child tax credit this week, including dates when your child tax credit payments will arrive. Roughly 39 million householdscovering 88% of children in the United Statesare slated to begin receiving monthly payments without any further action required. https://www.cnet.com//child-tax-credit-check-timeline-her/

$28.6 Billion in Grants Begin for Restaurants The restaurant industry was hit exceptionally hard by the Coronavirus pandemic. Since the onset of the pandemic, 17% of US restaurants have permanently shut down about 110,000 establishments; but now there is a sign of hope. As of Monday, eligible restaurants and bars can start applying for federal relief grants from the Restaurant Revitalization Fund (RRF). ... This is a welcomed sign of relief for many where PPP loans just weren’t enough. For more information about the RRF you can visit the link below: https://www.sba.gov//covid-/restaurant-revitalization-fund If you have any tax related questions please visit our website at https://moncpas.com/ or call us at 916-299-6800 #cpa #taxes2021 #RestaurantRevitalizationFund #restaurantgrant

We are committed to you, your goals, and growth. We are responsive and innovative. We have over 30 years of experience and provide high quality services with significant differences from other firms. We are a Sacramento based boutique CPA firm with a small firm feel yet big firm capacity. We offer full service accounting, tax and attestation services with expertise in closely held private companies and nonprofit organizations. You can expect exceptional relation-based service..., innovative solutions and a strong commitment to your success. Our firm is uniquely suited to meet all aspects of your accounting, tax and attestation needs. Whether you are looking for a comprehensive accounting system, tax guidance or assurance needs Nelson & Associates, CPAs is here to help. #CPA #Accountant #TaxAdvisor #Sacramento #ElkGrove #SmallBusiness #Nonprofit

It’s time to start thinking about organizing and taxes .

We will review your prior year’s tax return at no charge. We will determine if we can reduce your tax liability. This is best for a taxpayer with a business and/or rentals. Give us a call.

https://www.youtube.com/watch?v=Z7_juXFq0LE We love this receipt capture feature QuickBooks offers! You can upload receipts and bills directly from your computer and/or smart phone and QuickBooks will save and sort your expenses.... Check it out!

If you are going to claim mileage; it’s important to keep a log. These are some mileage tracking apps: MileIQ... SherpaShare TripLog Mileage wise Hudlr Ever lance See more

If you have any questions with PPP forgiveness; email or call us, we are happy to assist you.