What you need to know about ‘ghost preparers’
February 19, 2021
The IRS recently issued a statement for tax filers to be wary of ‘ghost preparers.’ If you’re wondering if your tax expert falls under this
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Common Question: How long do I store or retain my documents?
November 12, 2020
Common Answer: It depends……. There is the IRS ‘Three-year law” State ‘Four-year law” (Depending on the state). The Six-year audit window if under reporting is
Changes in deducting charitable contributions made in 2020 due to the CARES Act
November 12, 2020
What is the CARES Act? In short, the CARES Act was developed in congress, accepted by the senate, and approved by the president, in answer
Die Survive or Thrive
July 1, 2020
From this morning’s issue of my subscription with Journal of Accounting: “The U.S. Senate passed by unanimous consent a five-week extension of the Paycheck Protection Program
2019 Tax and 2020 Estimated Tax Payments
July 1, 2020
Who loves to pay their taxes? NOT ME! Day of reckoning: all three deferred tax payments are due July 15th. 2019 annual tax payments, first
PPP loan approved, got the cash, what now?
June 4, 2020
So you’ve been approved for a PP loan, it’s in your bank account, what now? Here’s how to post the deposit in your books and
The Importance of a “Business” Bank Account | STAC Accounting
June 4, 2020
I used to wonder: why pay for a business bank account when we can use a free personal checking account for our business activity? Answer:
STAC Office Announcement
June 4, 2020
Dear clients and friends of STAC Accounting, LLC My profession is being scattered blown with new CPE (continued professional education) regarding the tax effects and
Cash to Cover the COVID-19 Gap – Info for Small Business Owners and the Self-Employed
March 30, 2020
The 2 Tril Bill has been passed by the House, the Senate, and signed by the President. Thank you for not just crossing, but, disregarding
COVID-19 Tax Credits Available
March 26, 2020
Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748 Recovery rebates: Payments to taxpayers (“recovery rebates” – advance refunds of a 2020 tax credit)
