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Schoelles and Associates
Jan 26, 2022
Adminstrative Assistant/Receptionist Position
Duties and Responsibilities: Answering phones and greeting clients Data entry Printing, copying, and scanning documents Making...


Schoelles and Associates
Jun 22, 2021
Advance Child Tax Credit
Tools to help you make decisions. Article credit to National Association of Tax Professionals Advance Child Tax Credit Payment Online...


Schoelles and Associates
May 28, 2021
IRS Processing Delays
Haven't received your refund? You're not alone. May 28, 2021 Excerpt courtesy of IRS.gov The IRS is now opening...
Schoelles and Associates
Jan 14, 2021
ERC Changes 2021
Excerpt courtesy of RIPFLI Gregory Butler, CPA As noted above, the ERC was set to expire on December 30, 2020. The CAA extended the...
Schoelles and Associates
Jan 14, 2021
Employee Retention Credit
Courtesy of IRS The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the...

Schoelles and Associates
Jan 14, 2021
What Small Business Owners Need To Know About The New Round Of PPP Loans
Courtesy of Forbes January 13, 2021 Rohit Arora Round 2 of the SBA’s Paycheck Protection Program (PPP) opened on Monday, Jan. 11,...
Schoelles and Associates
Jan 13, 2021
Families First Coronavirus Response Act
Courtesy of U.S. Department of Labor Families First Coronavirus Response Act: Employer Paid Leave Requirements The Families First...
Schoelles and Associates
Dec 29, 2020
Pam Talks Planning: Last minute tax savings for individuals.
1) Charitable Deduction - $300 without using Schedule A to itemize 2) Schedule A – close to itemizing – bunch every other year a....
Schoelles and Associates
Dec 29, 2020
Last minute year-end tax tips for businesses.
*Pay final bills and postmark by 12/31/2020 *Newly purchased business equipment must be placed in service by 12/31/2020 to be deductible...


Schoelles and Associates
Dec 14, 2020
IRS Releases Form 1040 For 2020 (Spoiler Alert: Still Not A Postcard)
Courtesy of Forbes December 11, 2020 Kelly Phillips Erb The Internal Revenue Service (IRS) has released the...


Carin Daniels
Dec 14, 2020
My 2020 as a Business Owner, Mother and Human Being
Picture it: I’m standing on the beach, enjoying my first annual spring break girls’ weekend with my sister and cousin. I’m happy. I’m...

Schoelles and Associates
Oct 13, 2020
Simplified application for forgiveness of the Payroll Protection Program loans
The Treasury Department and SBA released a simplified application for forgiveness of the Payroll Protection Program loans.


Schoelles and Associates
Oct 7, 2020
SBA clarifies deferral period for PPP loan payments
The US Small Business Administration released guidance Wednesday clarifying that lenders must recognize the previously established extended

Schoelles and Associates
Sep 16, 2020
Delay on Employees' Share of Social Security Taxes
The IRS released guidance on the Presidential Memorandum regarding employees’ share of social security taxes.

Schoelles and Associates
Sep 14, 2020
IRS to Send Letter to 9 Million Non-Filers Who Didn't Get Coronavirus Stimulus
Up to 9 million people who didn’t file a 2018 or 2019 income tax return will be receiving IRS letters explaining how they can claim...


Schoelles and Associates
Aug 26, 2020
Update on SBA Interim Rule for Paycheck Protection Plan Forgiveness
SBA released an interim final rule Monday regarding owner-employees who own less than 5% in a corporation and non-payroll expenses...


Schoelles and Associates
Aug 18, 2020
IRS: Unemployment compensation is taxable; have tax withheld now and avoid a tax-time surprise
Don’t have a tax-time surprise – Withhold income tax on unemployment compensation. It’s TAXABLE!!


Schoelles and Associates
Aug 18, 2020
Why Should You Have An Accountant For Your Small Business?
When it comes to the ins and outs of taxes, accounting and finance, however, it never hurts to have an experienced professional ...


Schoelles and Associates
Aug 17, 2020
How Pandemic-Stricken Small Businesses Can Lower Their Taxes
Are you a small business owner? Would you like to pay less tax (who doesn’t 😊)? This article outlines a few options that might work for you


Schoelles and Associates
Aug 10, 2020
Temporary Suspension of Limits on Charitable Contributions
In most cases, the amount of charitable cash contributions taxpayers can deduct on Schedule A as an itemized deduction is limited to a perce
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