What are the Benefits of Hiring a Certified Public Accountant (CPA) and What is the Real Value of Your CPA?

What are the Benefits of Hiring a Certified Public Accountant (CPA) and What is the Real Value of Your CPA?

In today’s complex financial world, navigating the ever-changing tax code and making informed financial decisions can be overwhelming. That’s where a Certified Public Accountant (CPA) comes in. CPAs are more than just tax preparers. They are highly trained and licensed professionals who possess a deep understanding of

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5 Benefits Accounting Professionals Offer Small Businesses | The Rascon CPA Firm

5 Benefits Accounting Professionals Offer Small Businesses | The Rascon CPA Firm

Running a small business can be a rewarding endeavor, but it comes with its fair share of financial challenges and responsibilities. As a small business owner, managing your company’s finances can be overwhelming, especially when juggling various other aspects of your operation. This is where accounting professionals

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401(k) Contribution Limit Increases to $19,500 for 2020; Catch-up Limit Rises to $6,500

401(k) Contribution Limit Increases to $19,500 for 2020; Catch-up Limit Rises to $6,500

The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59, posted today on IRS.gov. This guidance provides cost of living adjustments affecting dollar limitations for pension

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199A Trade or Business Safe Harbor – Rental Real Estate

199A Trade or Business Safe Harbor – Rental Real Estate

Notice 2019-07 This notice contains a proposed revenue procedure that provides for a safe harbor under which a rental real estate enterprise will be treated as a trade or business solely for purposes of section 199A of the Internal Revenue Code (the Code) and §§ 1.199A-1 through

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IRS, Security Summit Partners Urge Caution During National Tax Security Awareness Week

IRS, Security Summit Partners Urge Caution During National Tax Security Awareness Week

During “National Tax Security Awareness Week,” which ran from December 3 to December 7, the IRS and its Security Summit partners (state tax agencies and the private-sector tax community) issued a series of reminders that urged taxpayers and tax practitioners to take steps to protect their data.

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Estimated Tax Penalty WAIVED for Q4 2018 Payments due Jan 15th 2019

Estimated Tax Penalty WAIVED for Q4 2018 Payments due Jan 15th 2019

On January 16th the IRS released Notice 2019-11 to provide a waiver for the underpayment penalty related to the fourth quarter estimated tax payments due January 15th 2019 for certain individuals who would otherwise be required to make. Taxpayers should complete Part I of Form 2210 and the

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