CPA Blog (Nerd Talk)Crunching Numbers. Nurturing Finances. Tax Talk.

Lotito Father & Son Roll Perfectos

Bowling 300 Games Bowling is great family fun, and there is nothing better than rolling a set with your parent or your child. The Lotito family, with a long history of bowling locally in many classic and traveling leagues, have enjoyed their bowling passion together for decades. Ken Lotito, the family bowling patriarch, taught his …

When will I get my 2018 Tax Refund?

When will I get my tax refund? Economists will say that taxpayers should break even with the IRS at the end of the year, because they use your money interest free, but the stark reality is that it’s very difficult for people to discipline themselves to put away $20-$100/week so that there’s $1,000-$5,000 at the …

Important 2019 Tax Dates

Wondering when your taxes are due? We all know individual tax returns are due April 15, but what about other tax paperwork? Below are the various deadlines for all tax-related documents. March 15, 2019 This is the deadline for 2018 corporate tax returns, and they must mail out the following: Form 1120 Form 1120-A Form …

New 2019 Sales Tax Rules

Selling your product in another state? The rules are changing Historically, the onus of paying sales tax has been on the buyer. But now with ecommerce being so prevalent in today’s world, a lot of states weren’t getting their cut of the e-business being done virtually. So states are passing new laws shifting the burden …

What Receipts You Need to File Your Taxes

Tax Time Receipt Round-up Wondering what receipts you need to gather to do your taxes? Join Abacus and Jennifer as they discuss what receipts you should find and keep come 2018 tax time. (Ya we know, it’s never fun!) Subscribe to NerdTube

H.R.1 Tax Cuts & Jobs Act Explained

H.R.1 Tax Cuts & Jobs Act FAQ Is small business income receiving benefits in this measure? Yep. Individuals in small pass-through businesses are going to be taxed at lower rates. You’ll get a write-off to equal 20% of the businesses’ income which is super cool. Of course, certain high earnings deductions will be capped at …

5-Min Tax Briefing

5-Min Tax Briefing March 06, 2018 PREVIEW ISSUE – No. 2018-05 Item for Thursday, March 1, 2018 IRS Releases Updated Form W-4 and Withholding Calculator: The IRS has released an updated version of Form W-4 (Employee’s Withholding Allowance Certificate) and its online withholding calculator. These tools allow taxpayers to check their 2018 tax withholding following …

QuickBooks: Accountant’s Copy Backup

Accountant’s Copy Backup An Accountant’s Copy backup is a special type of backup that you send to us, generally at year-end. This type of backup, as with a regular backup, allows us to create journal entries and make other changes to your QuickBooks file. The difference is that when restoring the Accountant’s Change file to …

2017 Tax Reform

Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into effect next year, there’s still a …

What are the Social Security Changes in 2018 You Need to Know?

7 Changes Are Coming to Social Security! Social Security is one of the most important(let’s not get into a debate over it now, that’s not the point) social programs in our country. In fact, as of August of this year, 61.5 million Americans receive Social Security benefits. 42 million of those esteemed individuals are retired …