Ok, I have been meaning to dive into this for a long time, but have been dragging my feet because it is just technical and hard to explain. But I have had so many clients ask me about how to fix their withholding when they owe at tax time. And it seems like more and [...]
Happy Tax Day, y'all! Groundhog Day was a documentary! Who knew? I am checking out for about a week. But I'll be back, and we'll start working again. If you have not filed your 2019 tax return, and you are a client in good standing (meaning you have paid for your 2018 return, or at [...]
This stimulus payments started coming today, and my phone was ringing. If you have not received your stimulus money you can go here and try to find out when it is coming. I am seeing no rhyme or reason as to why some people have received it and some have not. If you think that [...]
With the deadline for filing all federal, Ohio and local tax returns extended to July 15, my workload has shifted quite a bit, and I have had some unexpected family time. Generally this means coming home "early" and sitting on the couch and watching TV with my girls until I can go to bed without [...]
While the payments to individual taxpayers are getting a lot of attention, there are many more provisions to the stimulus bill passed today. It is going to take a long time to get this sorted out, it is an extremely wide ranging piece of legislation. Here a little bit from one of my professional organizations: [...]
He's had waaaaay to much to drink. (Photo credit to Colleen KC. Happy now???) Stay safe, everybody.
A couple of people have asked me if they can still get a credit for new windows, or a furnace or other things like that. And I shake my head sadly and tell them no, because those credits were not reauthorized with the new tax law in 2018. But yesterday a client called me back [...]
Ok! Your employer just told you that you have to fill in a new W-4. You are thinking so what, I've done that before. But surprise! Remember how the new tax law changed a whole bunch of stuff we had gotten used to? And how they mucked with the withholding tables and your 2018 tax [...]
Your November Sales Tax filing is due December 24th! Nobody wants to be scrambling on Christmas Eve, so I would recommend filing NOW through the Ohio Business Gateway. You can defer your payment until December 24. Set it and forget it! As always, let me know if you need help. And if I file your [...]
Here’s something I learned at my annual conference. According to the GAO, **31 million** taxpayers are expected to be under withheld for the 2018 tax season. That means an additional 21% of taxpayers are going to OWE tax when their returns are filed instead of getting a refund like last year. Ugh. This is exactly [...]