accounting software pixabay Goumbik office 2717014_960_720

July 10, 2020 

Do You Have a Clear CAAS Vision?

CAAS stands for Client Accounting and Advisory Services. It may be too late for the profession to choose to use this far better name. One of the regrets that I have from the last 35+ years of trying to help CPA firms ...

Randy Johnston

form 990

July 9, 2020 

Tax Exempt Orgs Face July 15 Filing Deadline, Too

Tax-exempt organizations that certain forms they file with the IRS are due on July 15, 2020. For organizations that operate on a calendar-year basis, this includes the 2019 Form 990 they would have normally filed on May 15.

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July 9, 2020 

Riding Out the Personal Finance Investing Storm

The biggest mistake an investor can make is an impulsive one, which all too often can lead to regret. We strongly encourage clients to take time to think about the news before acting on their impulses.

retirement_accounts

July 9, 2020 

Taxpayers Can Deduct IRA Contributions Made Until July 15

Taxpayers who make IRA contributions to traditional Individual Retirement Arrangements (IRAs) made by this year's postponed tax return due date of July 15, 2020, can claim those contributions as deductions on their 2019 tax return.

money 7_1_.5a57a24dc64bb

July 9, 2020 

IRS Says It’s Time to Start Paying Again

As the IRS continues to reopen its operations across the country, taxpayers who were in payment agreements and skipped any payments from March 25 and July 15 should start paying again to avoid penalties and possible default on their agreements.