CPA Blog (Nerd Talk)

How to Get a Bigger Tax Refund

Bigger tax refund, is it possible? Was your refund lower than you had expected for 2018? You’re not alone; in 2018, the withholding tables changed – giving you a little bit more money each paycheck rather than at the end of the year through your tax refund. IRS forms are arguably one of the most …

Friday News / Monday Blues

Friday News / Monday Blues The tax world is filled with good news and bad news. Start and end your week with the latest on all things taxes! Friday News – January 31, 2020 Kiddie Tax Now at Trust and Estate Rates Monday Blues – January 27, 2020 Dividends Received deduction for corporations is reduced …

Why People Are Outraged at Lower Tax Returns

Why People Are Outraged at Lower Tax Returns, But Probably Shouldn’t Be The 2018 tax season left many people confused and frustrated by overall lower tax returns. On average, refunds were 9% lower this tax season. This means that many taxpayers will see a smaller tax refund than they are used to. However, most Americans …

Things to Consider Post-Tax Season

You’ve Filed Your 2018 Tax Return, Now What? By now, most of us have filed our 2018 returns. The 2018 tax season threw us a lot of curveballs and caused a lot of confusion. What have we learned from this most recent tax season? Smaller Refund Checks Most refund checks were less than expected this …

Succession Planning 101

Monetizing Your Client Base With another tax season behind us, many accountants are asking themselves “do I want to do this anymore? Nothing gets easier.” The Tax Cuts and Jobs Act (TCJA) created issues and unintended consequences that will take years to fully understand. The Financial Accounting Standards Board (FASB) and other pronouncement authorities continue …

Why More People Are Filing Their 2018 Taxes Last-Minute

This year, more people are procrastinating on filing their taxes – Are you one of them? Tax Day is nearly here (it’s April 15, in case you need a reminder), but this year, more people are waiting until the very last minute to file. Why is that? The answer is simple: many Americans aren’t expecting …

Last-Minute Tax Frenzy

Last-Minute Tax Filing Frenzy The Tax Monster pays Maria & Mr. Bean a visit to remind them that Tax Day is just around the corner. Will Maria have time to file? Subscribe to NerdTube

How to Use the CPA Nerds Gateway

CPA Nerds Gateway Tutorial Confused on how to use our Gateway portal? Watch our latest NerdTube video for instructions on how to access the Gateway, how to upload and view documents, and how to pay invoices sent to you by CPA Nerds. Subscribe to NerdTube

5 Things That Affected the 2019 Tax Season

What’s Changed? The 2019 tax season is vastly different from the years prior. Below are five things that have affected the 2019 tax season the most. Government Shutdown The government shutdown for three weeks has slowed the IRS down. They are working through the backlog, but individuals are seeing longer wait times for correspondence notices …

Amazon Tax Bill Explained

Why the $0 Tax Bill? Amazon has historically been severely unprofitable, but has turned around in recent years and became consistently profitable, reporting nearly $11 billion in earnings last year. But despite the company’s growth, Amazon’s tax bill has decreased. The company paid $0 in corporate income taxes last year. How They Do It Amazon …