Michael Belt, CPA

10/14/2021

Have you checked on your withholding recently? The IRS is encouraging taxpayers to review their withholding during the last quarter of the year to make sure they are withholding the correct amounts. See the link below.

IR-2021-199, October 8, 2021 — The Internal Revenue Service reminds taxpayers today that the last quarter of 2021 is a good time to check withholding.

10/04/2021

Fellow CPA’s, the IRS has released 18 new seminars that count towards your CPE credit. See below.

IR-2021-197, October 4, 2021 — The Internal Revenue Service today announced that 18 new self-study seminars are available through the IRS Nationwide Tax Forums Online.

09/22/2021

Expanded tax benefits help individuals who donate to qualified non-profits.

IR-2021-190, September 17, 2021 — The Internal Revenue Service today explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year.

09/20/2021

For those that filed extensions for their 2020 tax return, the deadline to file is quickly approaching. Click below for more information:

IR-2021-189, September 16, 2021 — The IRS today reminds taxpayers about the upcoming October 15 due date to file 2020 tax returns.

09/14/2021

The IRS wants all small business owners to know that everything they need to know to stay up to date with the tax filings for their small business can be found at irs.gov. Click the link below to learn more.

https://www.irs.gov/newsroom/irs-recognizes-small-business-week-resources-available-to-help-employers

IR-2021-182, September 13, 2021 — During National Small Business Week, the Internal Revenue Service wants small business owners to know that information and resources to help them understand and meet their tax obligations are available free at IRS.gov.

09/08/2021

Don’t forget, 3rd quarter estimated tax payments are due on 9/15. See the link below if this applies to you or your business.

IR-2021-177, September 7, 2021 — The Internal Revenue Service reminds people that September 15, 2021, is the deadline for third quarter estimated tax payments.

09/07/2021

Tired of paying high credit card processing fees? Contact me and get a free quote to see how much money I can save your business each month! Who is interested?

09/02/2021

The IRS has granted relief to individuals and businesses affected by hurricane Ida who had filed valid extensions for their tax returns, giving them through January 3, 2022 to file those returns. See below:

IR-2021-175, August 31, 2021 — Victims of Hurricane Ida that began on August 26 now have until January 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

08/26/2021

Do you receive Dependent Care Assistance from your employer? If so, for tax years beginning in 2021, the total amount of unused balances of Dependent Care Assistance that can be excluded from taxable income has increased from $5,000 ($2,500 for married spouses filing separately) to $10,500 and $5,250, respectively.

Pandemic relief for 2021 also includes a temporary increase in the exclusion amount.

08/24/2021

Are you unhappy with your credit card processor? Let me help you find the best rate possible and free up some extra cash for your business each month!

08/21/2021

Are you receiving monthly Child Tax Credit payments and recently moved? Make sure to update your address with the IRS using the Child Tax Credit Update Portal by August 30 to ensure timely receipt of your September payment, if by mail, as well as your year-end summary statement (Letter 6419) which you will need for filing your 2021 taxes.

IR-2021-171, August 20, 2021 — The Internal Revenue Service has launched a new feature allowing any family receiving monthly Child Tax Credit payments to quickly and easily update their mailing address using the Child Tax Credit Update Portal, found exclusively on IRS.gov. This feature will help a...

08/19/2021

As a small business owner, the less you have to worry about, the better. Here are some tips you can use year round to help ease the bookkeeping burden and stay on top of your finances.

If your small business doesn’t keep tight books it can make your taxes a nightmare. Read our list of 10 bookkeeping tips that can be used all year long.