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.
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.
Who Qualifies for “Head of Household” Tax Filing Status
If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual.
Need a New Business Vehicle? Consider a Heavy SUV.
The nice weather and the general downturn in COVID-19 cases has spurred some business owners to think about buying a car this spring. Here’s an option that may save on taxes.
New Law Break May Make Child Care Less Expensive
Child care is expensive. The newly enhanced child and dependent care credit may help for 2021.
New Law: Parents and Other Eligible American To Receive Direct Payments
Are you eligible to receive direct payments under the new law that passed on March 11?
Estimated tax payments: The deadline for the first 2021 installment is coming up
Are you required to make estimated tax payments because you don’t pay enough tax in withholding? Here are the rules.
Retiring Soon? Recent Law Changes May Have An Impact On Your Retirement Savings
Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.
IF YOU RUN A BUSINESS FROM HOME, YOU COULD QUALIFY FOR HOME OFFICE DEDUCTIONS
Business owners may be able to save tax with home office deductions. If you’re working from home (like lots of people these days), you may qualify. Here’s a rundown of the rules.
Did you make donations in 2020? There’s still time to get substantiation
In order to claim a charitable deduction on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t received one yet for a charitable donation you made in 2020?