News & Updates
Quick Bytes- General Bank Reconciliation Issues
[vc_row][vc_column][vc_column_text]Our QuickBytes virtual seminar discussed general bank reconciliation issues including opening and beginning balances and changed, deleted, or added transactions in both QuickBooks desktop and online...
Marginal vs. Effective Tax Rates
Marginal vs. Effective Tax Rates Understanding marginal and effective tax rates are important for tax planning purposes; however, many taxpayers don't fully understand the differences. Let's take a closer look: Marginal Tax Rate The United States has a progressive tax...
E-Signatures Extended for Many Tax Forms
E-Signatures Extended for Many Tax Forms To help reduce the burden to taxpayers brought about by the coronavirus pandemic, the use of electronic or digital signatures on certain paper forms they normally cannot file electronically has been extended through December...
If You Receive an IRS Letter or Notice
If You Receive an IRS Letter or Notice The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Here's what you need to know about IRS notices...
Use These Strategies To Pass on Wealth to Heirs
Use These Strategies To Pass on Wealth to Heirs Individuals with significant assets should take advantage of proven tax strategies such as gifting and direct payments to educational institutions to transfer wealth to heirs tax-free, as well as minimize estate taxes....
Mike Tedesco | Why move to Johnstown?
Since moving to Johnstown in February to serve as president/CEO of Vision Together 2025, the hot question most people ask when they discover I hail from out west is, “Why did you move to Johnstown?” Courtesy of The Tribune-Democrat, I’ll be providing regular columns...
How to Properly Write Off Accounts Receivables
[vc_row][vc_column][vc_column_text] Our QuickBytes virtual seminar discussed how to properly write off your accounts receivables including cash methods using credit memos, accrual methods using the receive payment window and client data review. ...
Gross Receipts Safe Harbor for Employers Claiming ERC
Gross Receipts Safe Harbor for Employers Claiming ERC Safe harbor is now available that allows employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC). These amounts are: The amount of the...
Reminder: Protect Yourself From Scammers
Reminder: Protect Yourself From Scammers Understanding how the IRS communicates can help taxpayers protect themselves from scammers who pretend to be from the IRS with the goal of stealing personal information. For example, the IRS typically does not call a taxpayer,...
Extension Deadline Looming for 2020 Tax Returns
Extension Deadline Looming for 2020 Tax Returns Time is running short for taxpayers who requested an extra six months to file their 2020 tax return. As a reminder, Friday, October 15, 2021, is the extension deadline for most taxpayers. Taxpayers who owe tax – even...