In today’s fast-paced and ever-changing business landscape, it’s essential to have a reliable and efficient accounting system in place. Whether you’re a small business owner or an individual seeking financial guidance, making the right choices when it comes to your accounting needs can significantly impact...
If you are interested in a business pre-tax retirement plan, then contact our office for a consultation soon! There are deadlines approaching soon on setting up certain small business retirement plans for 2022. Our tax accountants are available to discuss your different tax benefits...
The IRS has increased the business vehicle mileage deduction rate from $.585/mile to $.625/mile effective July 1, 2022. This is a 6.4% increase. Those clients that take the mileage method to expense the business use of their personal vehicle, and use a mileage log...
Upcoming important tax filing deadlines: S Corporate extended tax return (Form 1120S) deadline: September 15 3Q Form 1040 ES – Third quarter individual income tax estimated voucher for 2022: September 15 Individual extended tax return (Form 1040) deadline: October 15
Get ready for many more of these tax reporting forms coming to your business soon! What should you do? Prior to calendar year 2022 the threshold for a reporting agency to remit Form 1099-K to the seller and the IRS was either $20,000 or more...
If we are preparing your 2021 1040 individual income tax return, please make sure that we receive any new IRS letters that you may be receiving. If you received the Advance Child Tax Credit in 2021 you will be receiving the IRS Letter 6419. If...
Many electronically filed tax returns will have refunds delayed up to 21 days this tax season. Tax returns that are mailed in to the IRS (NOT electronically filed) may be delayed for many months this tax season. The IRS is still processing tax returns and...
WE ARE READY THIS TAX SEASON: Our team of tax professionals are ready this tax season to take great care of our valued clients — this means YOU! This year brings even more tax changes, credits and deductions for our team of tax professionals...
Todd Unbehagen recently spoke on the topic of “The Increasing Minimum Wage and Florida Businesses” for the St. Petersburg College Institute for Strategic Policy Solutions and the Tarpon Springs Chamber of Commerce. He shared his professional views on this with other local business owners and...
DON’T BE SURPRISED! THE ADVANCE CHILD TAX CREDIT WILL CAUSE MANY TAX SURPRISES NEXT YEAR AND 35 MILLION TAX REFUNDS HAVE NOT BEEN PAID BY THE IRS YET Over 36 million families will have some extra money in their bank accounts starting this month,...
Under the American Rescue Plan Act of 2021, eligible restaurants, food trucks, and similar businesses may receive restaurant revitalization funding from the Small Business Administration. Registration will begin on April 30th at 9 a.m. EDT, and the SBA will begin accepting applications via the application portal (see link...
A third round of stimulus is poised to infuse the American economy with $1.9 trillion in economic aid with a significant portion going to enhance existing programs that have offered a lifeline to businesses throughout the COVID-19 pandemic. Known as the American Rescue Plan Act (ARPA), President Joe Biden signed...
Back when we were heading into 2021, there were signs that this year’s tax filing would be a very different experience when compared to previous years. Now, as we continue to emerge from the grip of the COVID-19 pandemic, measures such as the Paycheck Protection...
IMPORTANT TAX AND STIMULUS UPDATES PLUS The Individual Tax Return (Form 1040) Filing Deadline Changed To May 17, 2021 DELAYS, DELAYS, DELAYS, AND MORE DELAYS! – THIS IS THE IRS IN 2021 The IRS is still backlogged with answering calls, notices, and letters due to...
We are staying on top of it ALL for YOU! Due to the government and IRS disruption from COVID-19… This year the IRS has delayed the beginning of tax return filings to 2/12/21, and they still have not completed all of the 2020 tax forms...
On 12/21/2020 — We provided you with much of this information before the newest Stimulus Bill was even signed into law on 12/27/2020 – EVEN BEFORE THE NEWS MEDIA! However, BELOW is the most current IMPORTANT information, further clarification, additions and reminders: 1. PPP Loan Forgiveness...
Hi Everyone! If you are one of our valued bookkeeping and accounting clients that we take care of throughout the year, I just wanted to remind you that we now have a secure client portal for you to use to submit your ongoing financial information...
Take a look at Todd’s short video about this easy tax season process, and our new emailed tax organizer, so that we are able to take great care of you VIRTUALLY this tax season! With COVID-19 concerns, all of our clients have been contacting us...
Here is what we know now. More details to come in the following weeks! AS OF 12/21/2020 What is in this NEW Stimulus Bill? Information from trusted sources is here NOW ready for you, our valued client! In a contiued effort to stay on top...
Our President and CEO, Todd Unbehagen, and the entire Unbehagen Advisors staff, wishes you and yours a wonderful and happy holiday season. Our entire team at Unbehagen Advisors is greatly appreciative of our clients and associates. We are all looking forward to 2021 and “Merry...