2020 Tax Update Webinar
Thursday, December 17th 2pm EST
Tax & Strategic Planning
Understanding both individual and corporate tax practice is what the accountants at John Kiley CPA, LLC do best. We pride ourselves on the ability to clearly communicate with our clients to help them navigate not only tax season, but their financial futures as a whole.
We believe that every client deserves financial freedom and to understand which tax strategies are most rewarding for their unique situations. That is why we strive every day to provide our clients with the best customer service available and to never allow a prerecording to do the job for us.
Retiring Soon? 4 Tax Issues You May Face
Tax planning is still important after you retire. Here are some of the tax implications of retirement.
Hiring Your Minor Children This Summer? Reap Tax and Nontax Benefits
Are you a business owner with teenage or college-age children who constantly need cash? You may want to hire them to work at your business. You’ll save taxes and realize other benefits.
Many Parents Will Receive Advanced Tax Credit Payments Beginning July 15
About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.
Still Have Questions After You File Your Tax Return?
The IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, it’s a good time to review the amount of the penalties.
Working In The Gig Economy Results in Tax Obligation
The pandemic has caused some people to turn to “gig” work to make up for lost income. Here are the tax consequences of taking on these jobs.
Providing Education Assistance To Employees? Follow These Rules.
Some employers offer educational assistance plans as a recruitment and retention tool. Here are the rules to help ensure the fringe benefit is tax free to employees.
Why It’s Important To Meet The Tax Return Filing And Payment Deadlines
The IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, it’s a good time to review the amount of the penalties.
Unemployed Last Year? Buying Health Insurance This Year? You May Benefit From Favorable New Changes.
Many tax changes have been enacted recently to help mitigate the financial damage caused by COVID-19. They may affect you if you collected unemployment last year or if you buy health insurance through a “Marketplace.”
Home Sales: How To Determine Your “Basis”
When you sell your home, you’ll pay tax (or avoid it) based on the “basis” of the property. Here’s how to determine yours.