Planning matters

Your Work has Changed, Will your Taxes Too?

Life amid the COVID-19 pandemic has shifted the working world in radical and ever-evolving ways. For those fortunate enough to keep their existing jobs, or those who have shifted to new or additional work, “work from home” (WFH) has become much more common. For many this won’t alter their tax situation, but for some—like those…

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CARES Act Highlights

On Friday, March 27, President Donald Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act to help stimulate the US economy because of COVID-19. We unpack some of the highlights of the CARES Act and provide answers to some commonly asked questions. Direct Payments Perhaps the biggest headline of the Act…

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Staying Organized in Tax Season

It’s easy to get inundated with documents during tax season. You can receive documents from many different organizations, including employers, financial institutions and others. Many documents are now also being sent via e-mail, which increases the likelihood it could get lost in your inbox. As tax season is quickly approaching, here are some of the…

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Steps to Take Now to Get Ready for Tax Season

Yes, we’re in the midst of the holiday season but it’s a great time to get organized for tax season. We have a few steps to take to help make your tax filing experience a smooth one in 2020. Are your records in order? It’s a good time to start gathering your tax documents. Review…

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Never Take on the IRS Alone

Sleuthing your way through a tax audit by yourself is not the same as fixing a leaky faucet or changing your oil. There are reasons you should seek professional help as soon as you receive a letter from the IRS.  IRS auditors do this for a living — you don’t. Seasoned IRS agents have seen…

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