aka-cpa.com RSS Feed https://aka-cpa.com/ Take a look at our recent blog posts and client newsletter articles. en-us Mon, 01 Mar 2021 09:00:00 -0600 Mon, 01 Mar 2021 09:00:00 -0600 Tax Breaks for Families With Children https://www.aka-cpa.com/newsletter.php#3 If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Mon, 01 Mar 2021 09:00:00 -0600 https://www.aka-cpa.com/newsletter.php#3 Small Business Tax Roundup https://www.aka-cpa.com/newsletter.php#4 In 2020, the IRS issued a number of guidance documents as well as final rules and regulations that clarified several tax provisions affecting businesses. Mon, 01 Mar 2021 09:00:00 -0600 https://www.aka-cpa.com/newsletter.php#4 Renting Out a Second Home https://www.aka-cpa.com/newsletter.php#2 Tax rules on rental income from second homes can be confusing, especially if you rent the home out for several months of the year and also use the home yourself. Mon, 01 Mar 2021 09:00:00 -0600 https://www.aka-cpa.com/newsletter.php#2 Capital Gains Tax on Sale of Stocks https://www.aka-cpa.com/newsletter.php#5 If you made money last year buying and selling stocks, you may owe capital gains tax. Mon, 01 Mar 2021 09:00:00 -0600 https://www.aka-cpa.com/newsletter.php#5 Avoiding an IRS Tax Audit https://www.aka-cpa.com/newsletter.php#1 With taxes becoming more complicated every year, there is an even greater possibility of tax confusion turning into a tax mistake and an IRS audit. Avoiding "red flags" like these could help. Mon, 01 Mar 2021 09:00:00 -0600 https://www.aka-cpa.com/newsletter.php#1 What Is New for 2020 Tax Returns - At A Glance https://www.aka-cpa.com/blog.php?id=22 Sun, 21 Feb 2021 09:00:00 -0600 https://www.aka-cpa.com/blog.php?id=22 The Home Office Tax Deduction: What You Need To Know https://www.aka-cpa.com/blog.php?id=21 Sun, 21 Feb 2021 09:00:00 -0600 https://www.aka-cpa.com/blog.php?id=21 What's New for 2020 Tax Returns https://www.aka-cpa.com/newsletter.php#2 Taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns this year. Mon, 01 Feb 2021 09:00:00 -0600 https://www.aka-cpa.com/newsletter.php#2 Taxable vs. Nontaxable Income https://www.aka-cpa.com/newsletter.php#5 Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it. Mon, 01 Feb 2021 09:00:00 -0600 https://www.aka-cpa.com/newsletter.php#5 Tax Filing Season Starts February 12 https://www.aka-cpa.com/newsletter.php#1 The IRS begins accepting and processing 2020 tax year returns on Friday, February 12, 2021. Mon, 01 Feb 2021 09:00:00 -0600 https://www.aka-cpa.com/newsletter.php#1 Social Security Benefits and Taxes: The Facts https://www.aka-cpa.com/newsletter.php#4 Generally, you pay federal income taxes on your Social Security income only if you have other substantial income in addition to your benefits. Mon, 01 Feb 2021 09:00:00 -0600 https://www.aka-cpa.com/newsletter.php#4 Employer Tax Credit Extended for Payroll Workers https://www.aka-cpa.com/newsletter.php#3 Extended through June 30, 2020, the Employee Retention Credit helps businesses keep their employees on the payroll - despite the challenges posed by COVID-19. Mon, 01 Feb 2021 09:00:00 -0600 https://www.aka-cpa.com/newsletter.php#3 The new $900 billion stimulus bill and a few of the unique tax savings opportunities for small businesses https://www.aka-cpa.com/blog.php?id=20 Mon, 25 Jan 2021 09:00:00 -0600 https://www.aka-cpa.com/blog.php?id=20 The Treasury and IRS are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card https://www.aka-cpa.com/blog.php?id=19 Sun, 10 Jan 2021 09:00:00 -0600 https://www.aka-cpa.com/blog.php?id=19 The Covid Relief Bill Has Some Important Tax Implications: Here Are a Few! https://www.aka-cpa.com/blog.php?id=18 Thu, 31 Dec 2020 09:00:00 -0600 https://www.aka-cpa.com/blog.php?id=18 How the new $900 COVID-19 Relief Bill impacts individuals & businesses https://www.aka-cpa.com/blog.php?id=17 The legislation, the Consolidated Appropriations Act, 2021, also ensures tax deductibility for business expenses paid with forgiven Paycheck Protection Program (PPP) loans. Tue, 22 Dec 2020 09:00:00 -0600 https://www.aka-cpa.com/blog.php?id=17 AKA Accounting: Our 2020 End-of-Year Newsletter for Individuals & Businesses https://www.aka-cpa.com/blog.php?id=16 Sun, 13 Dec 2020 09:00:00 -0600 https://www.aka-cpa.com/blog.php?id=16 How Your Taxes May Be Impacted Under the New Administration https://www.aka-cpa.com/blog.php?id=15 With January 20th just around the corner, it's anyone's guess how the Biden administration will impact your taxes. Here's an idea of how it might go! Sun, 29 Nov 2020 09:00:00 -0600 https://www.aka-cpa.com/blog.php?id=15 AKA Client Spotlight: Healy, Long & Jevin https://www.aka-cpa.com/blog.php?id=14 We are excited to do our first client spotlight feature on an iconic local business that AKA has been working with since 2007! Wed, 18 Nov 2020 09:00:00 -0600 https://www.aka-cpa.com/blog.php?id=14 IRS has posted the new income tax brackets for 2021 https://www.aka-cpa.com/blog.php?id=13 These rates are in effect for 2021 and will be used to prepare your tax returns in 2022. Tue, 10 Nov 2020 09:00:00 -0600 https://www.aka-cpa.com/blog.php?id=13 Year-End Tax Planning Requires a Multi-Year Approach: Here\'s What We Recommend For Individuals and Businesses https://www.aka-cpa.com/blog.php?id=11 Effective tax planning requires multi-year planning (this year and next). Here are important steps our clients and businesses should take. Thu, 22 Oct 2020 09:00:00 -0500 https://www.aka-cpa.com/blog.php?id=11 Congratulations Sara deJuliis CPA, MSA: Promoted to Manager https://www.aka-cpa.com/blog.php?id=12 Sara has been with the AKA team since September 2013, and currently serves as President of The Delaware Society of CPA's. We're excited to announce her promotion to Manager! Thu, 22 Oct 2020 09:00:00 -0500 https://www.aka-cpa.com/blog.php?id=12 Streamlined PPP Loan Forgiveness Application Now Available for Loans $50,000 or Less https://www.aka-cpa.com/blog.php?id=10 The SBA released their much anticipated PPP loan forgiveness application for those that took out $50,000 or less in loans. Fri, 09 Oct 2020 09:00:00 -0500 https://www.aka-cpa.com/blog.php?id=10 October Reminders from Albero, Kupferman & Associates https://www.aka-cpa.com/blog.php?id=9 Just a note about upcoming deadlines this month! Tue, 06 Oct 2020 09:00:00 -0500 https://www.aka-cpa.com/blog.php?id=9 September Reminders from your AKA Accounting Team https://www.aka-cpa.com/blog.php?id=8 With August already behind us, September brings a few accounting tasks that businesses need to keep top-of-mind. Tue, 01 Sep 2020 09:00:00 -0500 https://www.aka-cpa.com/blog.php?id=8 August is a Great Time for Your Annual Estate Planning Review https://www.aka-cpa.com/blog.php?id=7 It's a great habit to look at the dog-days of August as time to do an annual review of your estate and make any adjustments based on any changes of your current situation and goals! Thu, 27 Aug 2020 09:00:00 -0500 https://www.aka-cpa.com/blog.php?id=7 The State of Delaware Launches $100M Grant Program for Small Businesses & Non-Profits Statewide https://www.aka-cpa.com/blog.php?id=6 Gov. John Carney announced August 19th a grant program of at least $100 million to assist Delaware small businesses and nonprofit organizations affected by the COVID-19 crisis. Sun, 23 Aug 2020 09:00:00 -0500 https://www.aka-cpa.com/blog.php?id=6 New IRS Form to Report Business Identity Theft: Form 14039-B https://www.aka-cpa.com/blog.php?id=5 The IRS has released a new form that makes it easier for businesses, estates, trusts and tax-exempt organizations to report identity theft. Sun, 16 Aug 2020 09:00:00 -0500 https://www.aka-cpa.com/blog.php?id=5 Frequently Asked Questions on PPP Loan Forgiveness: New Update as of August 4th, 2020 https://www.aka-cpa.com/blog.php?id=4 We are providing updated information, directly from the SBA's website regarding their latest FAQs from August 4th, 2020 on PPP Loan Forgiveness. Mon, 10 Aug 2020 09:00:00 -0500 https://www.aka-cpa.com/blog.php?id=4 AKA August Accounting Reminders https://www.aka-cpa.com/blog.php?id=3 With the end-of-the-summer quickly approaching, here's a look ahead at important dates to rememember. Fri, 31 Jul 2020 09:00:00 -0500 https://www.aka-cpa.com/blog.php?id=3 Remain Patient Before Applying for PPP Loan Forgiveness: Here's Why... https://www.aka-cpa.com/blog.php?id=2 We advise our clients to wait for more clarification from the SBA before applying for PPP forgiveness. Tue, 21 Jul 2020 09:00:00 -0500 https://www.aka-cpa.com/blog.php?id=2 Need An Extension Beyond July 15th? We Can Help! https://www.aka-cpa.com/blog.php?id=1 With our assistance, we can help you file Form 4868, allowing you additional time to file your 2019 taxes. To avoid penalties, your tax obligation must be paid by July 15th. Tue, 07 Jul 2020 09:00:00 -0500 https://www.aka-cpa.com/blog.php?id=1