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Tax Returns, CARES Stimulus & More We are living history, folks. Stay tuned here for more updates on this fluid situation! Dept of Treasury Paycheck Protection Program SBA Disaster Loan Assistance Application Online Paycheck Protection Application | Supplemental Information Coronavirus Tax Updates The IRS issued Notice 2020-18 on March 22, 2020, superseding Notice 2020-17. The new …
To our CPA Nerds family, As you can imagine, we are trying to stay healthy so we can keep serving you to the best of our ability. We’re working hard to meet your deadlines and get through the rest of this tax season. Unprecedented Territory – Click Here to read the latest IRS Tax deferments …
How to Become a Certified Public Accountant A Certified Public Accountant (CPA) is an accountant who is licensed through your individual state’s Board of Accountancy. There are educational requirements, experiential requirements, and licensure information for becoming a CPA. The path to becoming a Certified Public Accountant is a lengthy process that differs from state …
Michigan IRS Tax Help Did you decide to do your taxes yourself? April 15th is around the corner and rather than risk torture in a Turkish prison, talk to the professionals to handle your tax return. Corporate, personal and foreign tax returns are a specialty at CPA Nerds. We’ll help you sleep better at night …
Congress Updates Retirement Funding Rules With the stroke of a pen, Congress can do whatever they want, and they have again. But this time, in a pretty good way. Within the massive 643-page spending bill that was recently passed, there were a couple of updated provisions regarding retirement funding: The age limit for contributing to …
How Do Tax Brackets Work? Have you ever heard someone claim something like “I’m in the 22% tax bracket!”? Claims such as these are often misguided. There is a misconception that all of your income is taxed at a certain percentage rate – this is not how income tax brackets work. New federal income tax …
W-4 Forms Have Changed – Here’s What’s Changed The IRS just released the new Form W-4 which will take effect beginning in 2020, and it has major implications for taxpayers. The new form is intended to make Federal withholding more accurate in conjunction with the new Tax Cuts and Jobs Act (TCJA) that affected taxpayers …
Michael’s Advice for Millennial Homebuyers Of the many confusing experiences to navigate when saving for a home, buying a home, or selling a home, understanding the tax implications is certainly near the top. If you’re entering the US housing market data for the first time or thinking of starting to save for a home through various …
How Using a CPA to Do Your Taxes Pays Off With an abundance of free and affordable tax preparation tools out there, many taxpayers are asking themselves if it’s still worth it to hire a CPA to do their taxes. While it can seem like the antiquated way of doing things, trusting a CPA to …
What’s Changed? As 2019 wraps up, it’s time to start thinking about the upcoming tax season. We looked at some key changes to the 2019 tax year that may affect you. Penalty on the Individual Mandate From 2014 to 2018, many taxpayers were required to show proof of their health insurance. For those who failed …
