New 2024 Federal Entity Filing Requirement: Beneficial Ownership Reporting
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What is Beneficial Ownership Reporting? You are required to file identifying information about the individuals who directly or indirectly...
AustinTaxCPAs
Jan 131 min read
Introducing Intuit Link Portal
How to setup account How to navigate portal (video):
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AustinTaxCPAs
Aug 14, 20230 min read
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AustinTaxCPAs
Jan 16, 20232 min read
FAQ: 2023 Client Retainers & Tax Prep Fees
Engagement Letters & Retainer Payments As CPAs, we must have signed engagement letters before all engagements therefore we kindly ask you...
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AustinTaxCPAs
Jan 10, 20231 min read
SecureFilePro Mobile Appđą
From your smartphone, taxpayers can: đ Upload Files đ E-sign documents âŹď¸ Download prior year returns đ§ Send messages to our firm âď¸ ...
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AustinTaxCPAs
Dec 7, 20225 min read
Bookkeeping Accountant Pricing Model
We have two starting points- $400 per month for monthly accounting, or $250 per month for bi-monthly accounting. Both starting points...
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AustinTaxCPAs
Nov 30, 20221 min read
Tax IQ: Home Office Deduction
Time to clear up some common home office misconceptions! The path to the home office deduction has pitfalls to avoid and hurdles to be...
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AustinTaxCPAs
Nov 28, 20221 min read
Stop Writing Checks! Use QBO's free bill payment feature
Needed: All that is needed is the vendor's name & email. Benefits: Free. Easy. Saves time on bookkeeping. Saves your time on accounts...
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AustinTaxCPAs
Oct 31, 20221 min read
S Corp Compliance Item: Owner's Health Insurance Premiums
In order to deduct an officer's health insurance premiums, the amount must be included in box 1 of the owner's W2 and in Box 14: Wait my...
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AustinTaxCPAs
Oct 26, 20221 min read
Inflation Reduction Act (IRA) Part 1: IRS Funding
Social media had a lot to say about the IRS getting $80 billion from the bill: However, there are a lot of good things in this bill...
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AustinTaxCPAs
Aug 31, 20221 min read
How to download prior year activity from Chase in QBO form
https://scribehow.com/shared/Chase_CC_QBO_download_for_Prior_Year__OB4s0FHmS7K7F6LH7LQCwg
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AustinTaxCPAs
Jun 21, 20224 min read
Stock Options: Statutory Stock Options - ISOs & ESPPs (Part I)
đ Stock Option: What Is It? The right of an employee, but not an obligation, to buy shares of their employing company stock at a...
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AustinTaxCPAs
May 25, 20221 min read
Charitable Deductions Only Allowed If Taxpayer Meets Strict Substantiation Requirements
Taxpayers may deduct charitable contributions made during the tax years (§ 170(a)(1). Hooray! However, deductions are only allowed if the...
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AustinTaxCPAs
Mar 22, 20221 min read
April 15 (18th) Tax Deadline Update
A quick note about the April 15, 2022 tax deadline: The official IRS deadline is April 18, 2022, due to a holiday in Washington DC on...
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AustinTaxCPAs
Mar 1, 20222 min read
Extensions: They Are Our Friend
â April 15 is not the tax return due date (as long as an automatic extension is filed). â
April 15 is a glorified estimated tax payment...
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AustinTaxCPAs
Jan 28, 20222 min read
Meal & Entertainment Deductions: 2021 & 2022 Edition
Congress and their infinite wisdom have left taxpayers with a different set of meals & entertainment rules for pre-2018, 2018-2020,...
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AustinTaxCPAs
Jan 25, 20223 min read
The IRS Is In Very Rough Shape
The Most Serious Problems Encountered by Taxpayers in 2021 Were Exacerbated by the COVID-19 Pandemic, But They Resulted From Longstanding...
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