beancountersonline.com RSS Feed https://beancountersonline.com/ Take a look at our recent blog posts and client newsletter articles. en-us Thu, 01 Apr 2021 09:00:00 -0500 Thu, 01 Apr 2021 09:00:00 -0500 Q & A: The $10,200 Unemployment Tax Break https://www.beancountersonline.com/newsletter.php#4 A new tax break - in effect only for the 2020 tax year - allows you to exclude the first $10,200 of unemployment compensation from your taxable income. Thu, 01 Apr 2021 09:00:00 -0500 https://www.beancountersonline.com/newsletter.php#4 PPP Loan Deadline Extended Through May 31 https://www.beancountersonline.com/newsletter.php#5 The Paycheck Protection Program Extension Act of 2021 was signed into law on March 31, extending the deadline to apply for a loan by an additional 60 days. Thu, 01 Apr 2021 09:00:00 -0500 https://www.beancountersonline.com/newsletter.php#5 Highlights of the American Rescue Plan Act https://www.beancountersonline.com/newsletter.php#2 Signed into law on March 11, the American Rescue Plan Act of 2021 contains several tax provisions affecting individuals and families. Thu, 01 Apr 2021 09:00:00 -0500 https://www.beancountersonline.com/newsletter.php#2 Federal Tax Deadline Extended To May 17 https://www.beancountersonline.com/newsletter.php#1 The federal income tax filing due date for individual taxpayers, including those who pay self-employment tax, has been extended to Monday, May 17, 2021. Thu, 01 Apr 2021 09:00:00 -0500 https://www.beancountersonline.com/newsletter.php#1 Economic Impact Payments: Round Three https://www.beancountersonline.com/newsletter.php#3 Starting March 12, the IRS began sending out the third round of economic impact payments via direct deposit, paper checks, and EIP Cards. Thu, 01 Apr 2021 09:00:00 -0500 https://www.beancountersonline.com/newsletter.php#3 Tax Breaks for Families With Children https://www.beancountersonline.com/newsletter.php#3 If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Mon, 01 Mar 2021 09:00:00 -0600 https://www.beancountersonline.com/newsletter.php#3 Small Business Tax Roundup https://www.beancountersonline.com/newsletter.php#4 In 2020, the IRS issued a number of guidance documents as well as final rules and regulations that clarified several tax provisions affecting businesses. Mon, 01 Mar 2021 09:00:00 -0600 https://www.beancountersonline.com/newsletter.php#4 Renting Out a Second Home https://www.beancountersonline.com/newsletter.php#2 Tax rules on rental income from second homes can be confusing, especially if you rent the home out for several months of the year and also use the home yourself. Mon, 01 Mar 2021 09:00:00 -0600 https://www.beancountersonline.com/newsletter.php#2 Capital Gains Tax on Sale of Stocks https://www.beancountersonline.com/newsletter.php#5 If you made money last year buying and selling stocks, you may owe capital gains tax. Mon, 01 Mar 2021 09:00:00 -0600 https://www.beancountersonline.com/newsletter.php#5 Avoiding an IRS Tax Audit https://www.beancountersonline.com/newsletter.php#1 With taxes becoming more complicated every year, there is an even greater possibility of tax confusion turning into a tax mistake and an IRS audit. Avoiding "red flags" like these could help. Mon, 01 Mar 2021 09:00:00 -0600 https://www.beancountersonline.com/newsletter.php#1 The Payroll Tax Holiday! https://beancountersonline.com/blog.php?id=8 The payroll tax holiday is set to expire and the social security payroll tax could increase next week. Watch your paychecks! Fri, 28 Dec 2012 09:00:00 -0600 https://beancountersonline.com/blog.php?id=8 Fiscal Cliff? What does that mean to me? https://beancountersonline.com/blog.php?id=7 Have questions on the fiscal cliff? Looking for a CPA in Pittsburgh that specializes in taxation for small business? BeanCounters is Pittsburgh premier tax preparation and CPA firm. Thu, 27 Dec 2012 09:00:00 -0600 https://beancountersonline.com/blog.php?id=7 Flexible Spending Accounts https://beancountersonline.com/blog.php?id=6 Flexible Spending Account limits and Pittsburgh Tax Preparation Wed, 19 Dec 2012 09:00:00 -0600 https://beancountersonline.com/blog.php?id=6 Tax Tips for the For College Tuition and Higher Education https://beancountersonline.com/blog.php?id=5 There are two federal tax credits available to help you offset the costs of higher education for yourself or your dependents. These are the American Opportunity Credit and the Lifetime Learning Credit. Wed, 30 Mar 2011 09:00:00 -0500 https://beancountersonline.com/blog.php?id=5 Do I have to file a tax return? https://beancountersonline.com/blog.php?id=4 There are some instances when you may want to file a tax return even though you are not required to do so. Even if you donâ??t have to file, here are seven reasons why you may want to: Wed, 16 Mar 2011 09:00:00 -0500 https://beancountersonline.com/blog.php?id=4 Do you have prior year tax returns that need to be filed? https://beancountersonline.com/blog.php?id=3 The IRS Has $1.1 Billion for People Who Have Not Filed a 2007 Income Tax Return Fri, 11 Mar 2011 09:00:00 -0600 https://beancountersonline.com/blog.php?id=3 Taxation and Payroll for New Business Owners https://beancountersonline.com/blog.php?id=1 As a licensed CPA firm, we are often engaged to fix tax issues and payroll problems very late in the process. We have had a handful of clients that have had to resort to bankruptcy due to problems caused by inaccurate and inadequate payroll tax and/or state tax filings. Mon, 15 Nov 2010 09:00:00 -0600 https://beancountersonline.com/blog.php?id=1 Bean Counters CPA Pittsburgh https://beancountersonline.com/blog.php?id=2 At Bean Counters Tax and Accounting services we are a licensed CPA firm. We are considered a full service payroll provider as well specializing in developing customizing payroll solutions for businesses who have anywhere from 1 to 1,000 employees. Sun, 14 Nov 2010 09:00:00 -0600 https://beancountersonline.com/blog.php?id=2