FEATURED ARTICLES & TAX TIP BLOG
Welcome to the KM&M CPAs Featured Articles & Tips Blog. Here we share tax and accounting news and tips for our clients on a regular basis. Please feel free to suggest ideas for topics you would like to see addressed, by dropping an email to [email protected]. Enjoy the articles and subscribe to our newsletter for periodic email updates.
Medicare Open Enrollment – Review Your Plans
From Pinnacle Wealth Planning Services, Inc. – Medicare beneficiaries can make new choices and pick plans that work best for them during the annual Medicare Open Enrollment Period. Each year, Medicare plan costs and coverage typically change. In addition, your...
How to Get a First-Time Small Business Loan
From Business.org — If you’re looking for a first-time small-business loan, make a plan and understand your options before you apply. By Ben Gran, Freelance Writer Getting a first-time small-business loan can make a big difference for your company’s growth and...
Are You Ready? When to Begin Collecting Social Security
From KM&M CPAs/Thomson-Reuters — Dear Clients, If your 62nd birthday is in the near future, it's time to start thinking about your Social Security benefits. Many people consider 65 to be the traditional age for retirement. But for Social Security purposes, you...
Tax Proposals Target Corporations, High-Income Earners
From Pinnacle Wealth Planning Services — On Saturday, September 25, 2021, the House Budget Committee voted to advance a $3.5 trillion spending package to the House floor for debate. The House Ways and Means Committee and the Joint Committee on Taxation had...
A few words on those Advance Child Tax Credit payments
From Thomson-Reuters and the Pinnacle CPA Advisory Group — Dear Clients, Have you received payments from the IRS recently and wondered why Uncle Sam is sending you money? In case you haven't heard, the IRS began sending eligible taxpayers payments in mid-July. You may...
Pandemic Assistance Checklist by Pinnacle CPA Advisory Group
From the Pinnacle CPA Advisory Group — This checklist was prepared for our clients and friends as a quick way to identify eligible programs. Please contact us for the details. Many of the details are not available yet from the government. This is not meant to be an...
Infrastructure legislation advances, but still has way to go
From Pinnacle Wealth Planning Services — Two large infrastructure bills have taken important steps to advance in Congress. Here's where they stand: On Aug. 10, 2021, the Senate passed a $1.2 trillion bipartisan infrastructure bill, to be named the Infrastructure...
So, you’re earning a few bucks from your hobby. Is it a business?
From IRS.gov — Millions of people enjoy hobbies that are also a source of income. From catering to cupcake baking, crafting homemade jewelry to glass blowing – no matter what a person’s passion, the Internal Revenue Service offers some tips on whether your hobby...
Why Businesses Should Start Tax Planning Today
From Forbes.com — By Bassam Mustafa, EA, Forbes Business Council — It’s August 2021, and you most likely submitted your 2020 tax return months ago. For most people, taxes are the last thing they want to think about once they’ve finally submitted their returns. The...