Schoelles and AssociatesJan 26Adminstrative Assistant/Receptionist PositionDuties and Responsibilities: Answering phones and greeting clients Data entry Printing, copying, and scanning documents Making...
Schoelles and AssociatesJun 22, 2021Advance Child Tax CreditTools to help you make decisions. Article credit to National Association of Tax Professionals Advance Child Tax Credit Payment Online...
Schoelles and AssociatesMay 28, 2021IRS Processing DelaysHaven't received your refund? You're not alone. May 28, 2021 Excerpt courtesy of IRS.gov The IRS is now opening...
Schoelles and AssociatesJan 14, 2021ERC Changes 2021Excerpt 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 AssociatesJan 14, 2021Employee Retention CreditCourtesy of IRS The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the...
Schoelles and AssociatesJan 14, 2021What Small Business Owners Need To Know About The New Round Of PPP LoansCourtesy of Forbes January 13, 2021 Rohit Arora Round 2 of the SBA’s Paycheck Protection Program (PPP) opened on Monday, Jan. 11,...
Schoelles and AssociatesJan 13, 2021Families First Coronavirus Response ActCourtesy of U.S. Department of Labor Families First Coronavirus Response Act: Employer Paid Leave Requirements The Families First...
Schoelles and AssociatesDec 29, 2020Pam 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 AssociatesDec 29, 2020Last 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 AssociatesDec 14, 2020IRS 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 DanielsDec 14, 2020My 2020 as a Business Owner, Mother and Human BeingPicture 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 AssociatesOct 13, 2020Simplified 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 AssociatesOct 7, 2020SBA clarifies deferral period for PPP loan paymentsThe US Small Business Administration released guidance Wednesday clarifying that lenders must recognize the previously established extended
Schoelles and AssociatesSep 16, 2020Delay on Employees' Share of Social Security TaxesThe IRS released guidance on the Presidential Memorandum regarding employees’ share of social security taxes.
Schoelles and AssociatesSep 14, 2020IRS to Send Letter to 9 Million Non-Filers Who Didn't Get Coronavirus StimulusUp 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 AssociatesAug 26, 2020Update on SBA Interim Rule for Paycheck Protection Plan ForgivenessSBA released an interim final rule Monday regarding owner-employees who own less than 5% in a corporation and non-payroll expenses...
Schoelles and AssociatesAug 18, 2020IRS: Unemployment compensation is taxable; have tax withheld now and avoid a tax-time surpriseDon’t have a tax-time surprise – Withhold income tax on unemployment compensation. It’s TAXABLE!!
Schoelles and AssociatesAug 18, 2020Why 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 AssociatesAug 17, 2020How Pandemic-Stricken Small Businesses Can Lower Their TaxesAre 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 AssociatesAug 10, 2020Temporary Suspension of Limits on Charitable ContributionsIn most cases, the amount of charitable cash contributions taxpayers can deduct on Schedule A as an itemized deduction is limited to a perce