Strah and Associates, CPA, Akron, OH (2026)

03/30/2023

As CPAs, we often advise our clients to keep track of their receipts for various expenses. While it may seem like a tedious task, keeping your receipts is critical for a number of reasons! Here's why:

💰Tax Purposes - If you're self-employed or own a small business, keeping track of your receipts is essential for tax purposes. You'll need them to accurately report your expenses and deductions on your tax returns.

💰Business Records - Even if you're not self-employed, keeping your receipts can be helpful for your business records. It can help you track your spending and better understand your cash flow.

💰Audits - If you're ever audited by the IRS, having your receipts on hand can be crucial. They can serve as proof of your expenses and deductions, helping you avoid any penalties or fines.

💰Budgeting - Keeping track of your receipts can also be helpful for budgeting purposes. It can give you a clear picture of where your money is going and help you identify areas where you may be overspending.

While it may take a little extra effort to keep track of your receipts, the benefits are worth it!

03/27/2023

Did you know that if you can't file your tax return by the April 15th deadline, you can request a tax extension? 👀

By filing an extension, you'll have an additional six months to complete your tax return. But remember, an extension does not give you more time to pay any taxes you owe. To avoid penalties and interest, make sure to pay your estimated tax liability by the original due date of April 15th.

If you need help filing an extension or preparing your tax return, our team of experienced CPAs is here to assist you.

Contact us today to learn more! 👉 www.strahcpa.com

03/21/2023

Waiting on your refund? Use our "Where's My Refund" resource to check on the status of your refund! 💰👇

03/16/2023

Are you tired of struggling with your bookkeeping and accounting? Let us help! 🙌 Our team of experienced bookkeepers and accountants are here to take the hassle out of managing your finances.

Here are just a few reasons why you should choose us for your bookkeeping and accounting needs:

Time Savings: We know that running a business takes up a lot of your time. By letting us handle your books, you'll free up time to focus on growing your business and doing what you do best.

Expertise: Our team has years of experience in bookkeeping and accounting, and we stay up-to-date on the latest changes in tax laws and regulations. You can trust us to keep your finances in order and ensure that you're always in compliance.

Cost Savings: Hiring a full-time bookkeeper or accountant can be expensive. By outsourcing your bookkeeping and accounting needs to us, you'll save money on salaries, benefits, and other overhead costs.

With our bookkeeping and accounting services, we're committed to providing personalized, high-quality services to businesses of all sizes. Don't let numbers stress you out - contact us today to learn more about how we can help you manage your finances and grow your business!

03/14/2023

Are you a remote worker wondering if you qualify for work from home tax deductions? 🤔 With more people working remotely, it's important to understand what expenses you can claim on your tax return. 👇

Here are a few work from home tax deductions to keep in mind:

💰Home office expenses: If you have a dedicated workspace in your home used exclusively for work, you may be able to deduct a portion of your rent/mortgage, utilities, and related expenses.

💰Equipment and supplies: If you use personal equipment like a computer or printer for work, you may be able to claim a deduction for these expenses.

💰Internet and phone expenses: If you use personal internet and phone for work purposes, you may be able to claim a portion of these expenses.

💰Mileage and travel expenses: If you use your personal vehicle for work-related travel, you may be able to claim a deduction for mileage, parking fees and tolls.

Remember, not all work from home expenses are deductible and the rules can be complex. Make sure you're maximizing your deductions and saving money on your taxes this year by talking to a tax expert! 👉 www.strahcpa.com

03/07/2023

If you are seeking advice or assistance from a CPA, here are some questions you may want to ask to ensure that you are making the most of your engagement:

What are your qualifications and experience as a CPA?

What specific services do you offer, and how can you help me with my financial goals?

What fees do you charge, and how are they structured?

Can you explain any tax-related issues or concerns I have in simple terms?

How can you help me maximize my tax deductions and minimize my tax liability?

Are there any tax-saving strategies or opportunities that you would recommend for me?

How often should I expect to hear from you, and what is the best way to communicate with you?

Can you provide me with references or testimonials from past clients?

How do you stay current with changes in tax laws and regulations?

Are there any potential red flags or areas of concern in my current financial situation that you have identified?

These questions should help you better understand the CPA's qualifications, services, fees, and approach to working with clients.

We'd love the opportunity to work with you!

03/03/2023

Are you tired of keeping track of your financial records and struggling to stay organized? 😅 Strah & Associates is here to help!

We offer top-notch bookkeeping services to small businesses and individuals. With our help, you can say goodbye to financial stress and hello to more time to focus on growing your business.

Our bookkeeping services include maintaining general ledgers, accounts payable and receivable management, bank account reconciliation, payroll processing, and much more.

Don't let bookkeeping take up your valuable time and energy. Let us help you streamline your financial processes and focus on what you do best – running your business!

Contact us today to learn more about how we can support you.

03/02/2023

Tax season is upon us, and it's essential to stay on top of your tax obligations whether you're an individual taxpayer or a small business owner. The following are the upcoming tax deadlines you need to know! 👇

For personal taxes, the deadline for filing your federal income tax return and paying any taxes owed for the 2022 tax year is April 18, 2023. Most states have the same deadline as the federal government, so this is also the deadline for filing your state income tax return in most states. If you need more time to file, you can request an extension by this date, and the extended deadline will be October 16, 2023.

For businesses, March 15, 2023, is the deadline for filing partnership and S corporation tax returns, while C corporations have until April 18, 2023, to file. Note that this deadline is later than usual due to the Emancipation Day holiday observed in Washington, D.C. Additionally, don't forget that W-2 and 1099 forms were due by January 31, 2023, with the IRS.

Remember, filing your taxes on time is crucial to avoid penalties and interest charges. If you're feeling overwhelmed or have any questions, consider seeking help from a tax professional

02/27/2023

Want to focus on growing your business? 👀 Outsource your bookkeeping! 👇

✅Save time and reduce stress: You can free up time to focus on other aspects of your business, reduce stress, and ensure that your books are accurate and up-to-date.

✅Access to expertise: Professional bookkeepers have the training and expertise to handle all aspects of your bookkeeping needs. They can help you navigate complex tax laws, prepare financial statements, and provide advice on how to improve your business's financial performance!

✅Cost-effective: You'll avoid the costs associated with hiring and training an employee, as well as the expenses of maintaining software and equipment. Plus, you'll have access to professional services at a fraction of the cost of hiring a full-time employee.

Say goodbye to late nights and accounting headaches, and hello to a brighter business future! Contact us today to learn more about how outsourcing your bookkeeping can help your business thrive.

02/24/2023

Are you worried about your retirement savings? 👀 Do you want to ensure that you'll have enough to enjoy the lifestyle you desire during your golden years? 💰

Getting a head start on your retirement planning is key! To help you achieve your retirement goals, here are some steps to take:

Determine your retirement goals: Make a clear and specific list of what you want to achieve during your retirement.

Estimate your retirement expenses: Estimate your living expenses and healthcare costs, and factor in additional expenses related to your retirement goals.

Assess your current financial situation: Take stock of your income, expenses, debt, and savings.

Start saving as soon as possible: Contribute as much as you can afford to your employer's retirement plan, such as a 401(k), or consider opening an Individual Retirement Account (IRA) on your own.

Review and align your investments: Make sure your investments align with your retirement goals and risk tolerance. Consider working with a financial advisor to develop an investment plan.

Build an emergency fund: Plan for unexpected expenses by building an emergency fund to help cover costs.

Regularly monitor and adjust your retirement plan: Review your plan periodically to ensure you're on track to meet your goals. If you're falling behind, consider increasing your contributions or adjusting your investment strategy.

02/20/2023

When choosing a Certified Public Accountant (CPA) to work with, there are several factors to consider! Here are some important things to look for:

✅Credentials and Experience: Look for a CPA who is licensed and has experience working with clients in your industry or with similar needs. You can check the CPA's credentials and license status with your state's board of accountancy.

✅Services Offered: Consider the types of services the CPA offers, such as tax planning, bookkeeping, financial statement preparation, or business consulting. Choose a CPA who can provide the specific services you need.

✅Communication Skills: It's important to choose a CPA who can communicate effectively and is responsive to your questions and concerns. Ask for references or read online reviews to get a sense of the CPA's communication style.

✅Fees: Ask about the CPA's fee structure and make sure you understand how they charge for their services. Some CPAs may charge an hourly rate, while others may charge a flat fee for a specific project or service.

✅Availability: Make sure the CPA you choose has the availability to meet your needs. If you have a tight deadline or need to meet regularly, make sure the CPA is available to work with you on a schedule that meets your needs.

✅Trust and Compatibility: You'll be sharing confidential financial information with your CPA, so it's important to choose someone you trust and feel comfortable working with. Consider scheduling a consultation or meeting with the CPA to see if you feel a good fit.

Ready to find the CPA that's right for you? We'd love to chat and see if we're a good fit!

02/17/2023

Tax season is in full swing, and it's easy to feel overwhelmed. 😅 The good news is that there are steps you can take to make the process much smoother next year! By staying organized throughout the year, you can make sure that tax season is a breeze. 👇

One great way to stay organized is to keep all of your financial records in one place. That way, when tax season rolls around, you'll be able to quickly and easily gather all of the information you need. You might consider using a digital tool, such as an app or cloud-based storage, to keep track of receipts, invoices, and other financial documents.

Another helpful tip is to keep track of all your expenses. This includes not only business expenses, but also personal expenses that might be tax-deductible. By keeping a detailed record of all your expenses, you can help ensure that you're taking advantage of all the deductions and credits you're entitled to.

Finally, don't hesitate to ask for help. At Strah & Associates, we pride ourselves on being a reliable resource for our clients during tax season and beyond. Whether you need help organizing your financial records, preparing your tax returns, or just want some general advice, we're here to help!

By following these tips and relying on the expertise of the team at Strah & Associates, you can make tax season a lot less stressful and ensure that you're getting the most out of your tax return. 💰

Strah and Associates, CPA

03/30/2023

03/27/2023

03/21/2023

03/16/2023

03/14/2023

03/07/2023

03/03/2023

03/02/2023

02/27/2023

02/24/2023

02/20/2023

02/17/2023

Address

Website

Alerts

Contact The Business

Shortcuts

Share

Category