AustinTaxCPAs
FAQ: 2023 Client Retainers & Tax Prep Fees
Q: Is this retainer payment in addition to my tax preparation bill? No, we will apply this retainer payment to your final tax preparation...
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AustinTaxCPAs
- Jan 10
- 1 min
SecureFilePro Mobile App📱
From your smartphone, taxpayers can: 📃 Upload Files 📝 E-sign documents ⬇️ Download prior year returns 📧 Send messages to our firm ✔️ ...
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AustinTaxCPAs
- Dec 7, 2022
- 5 min
Bookkeeping Accountant Pricing Model
We have two starting points- $400 per month for monthly accounting, or $250 per month for bi-monthly accounting. Both starting points...
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AustinTaxCPAs
- Nov 30, 2022
- 1 min
Tax IQ: Home Office Deduction
Time to clear up some common home office misconceptions! The path to the home office deduction has pitfalls to avoid and hurdles to be...
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AustinTaxCPAs
- Nov 28, 2022
- 1 min
Stop Writing Checks! Use QBO's free bill payment feature
Needed: All that is needed is the vendor's name & email. Benefits: Free. Easy. Saves time on bookkeeping. Saves your time on accounts...
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AustinTaxCPAs
- Oct 31, 2022
- 1 min
S Corp Compliance Item: Owner's Health Insurance Premiums
In order to deduct an officer's health insurance premiums, the amount must be included in box 1 of the owner's W2 and in Box 14: Wait my...
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AustinTaxCPAs
- Oct 26, 2022
- 1 min
Inflation Reduction Act (IRA) Part 1: IRS Funding
Social media had a lot to say about the IRS getting $80 billion from the bill: However, there are a lot of good things in this bill...
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AustinTaxCPAs
- Aug 31, 2022
- 1 min
How to download prior year activity from Chase in QBO form
https://scribehow.com/shared/Chase_CC_QBO_download_for_Prior_Year__OB4s0FHmS7K7F6LH7LQCwg
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AustinTaxCPAs
- Jun 21, 2022
- 4 min
Stock Options: Statutory Stock Options - ISOs & ESPPs (Part I)
📈 Stock Option: What Is It? The right of an employee, but not an obligation, to buy shares of their employing company stock at a...
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AustinTaxCPAs
- May 25, 2022
- 1 min
Charitable Deductions Only Allowed If Taxpayer Meets Strict Substantiation Requirements
Taxpayers may deduct charitable contributions made during the tax years (§ 170(a)(1). Hooray! However, deductions are only allowed if the...
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AustinTaxCPAs
- Mar 22, 2022
- 1 min
April 15 (18th) Tax Deadline Update
A quick note about the April 15, 2022 tax deadline: The official IRS deadline is April 18, 2022, due to a holiday in Washington DC on...
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AustinTaxCPAs
- Mar 1, 2022
- 2 min
Extensions: They Are Our Friend
❌ April 15 is not the tax return due date (as long as an automatic extension is filed). ✅ April 15 is a glorified estimated tax payment...
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AustinTaxCPAs
- Jan 28, 2022
- 2 min
Meal & Entertainment Deductions: 2021 & 2022 Edition
Congress and their infinite wisdom have left taxpayers with a different set of meals & entertainment rules for pre-2018, 2018-2020,...
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AustinTaxCPAs
- Jan 25, 2022
- 3 min
The IRS Is In Very Rough Shape
The Most Serious Problems Encountered by Taxpayers in 2021 Were Exacerbated by the COVID-19 Pandemic, But They Resulted From Longstanding...
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AustinTaxCPAs
- Jan 25, 2022
- 1 min
Things To Know: Like-Kind Exchanges (§1031 Exchange)
A sale + reinvestment does not qualify You need to exchange one property for another property. This is generally done through a...
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AustinTaxCPAs
- Jan 12, 2022
- 1 min
Sample Common Business Forms
IRS EIN Letter/ Form SS-4 Texas Webfile Letter Texas Filing Evidence Sample Operating Agreement
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