Leah’s Accounting & Business Solutions Facebook Feed
Annnnnnnnnnnnnnnnnnd its a wrap! 2024 Tax Season is officially over! For those of you who didn’t get filed we can still file until the annual IRS end of year closure which typically takes place the 3rd week of November. Keep in mind…all filings after today on are considered late….better late than never!
***Tax Tip Tuesday***![]()
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Even with the government shut down the extension deadline is October 15th....tick tock tick tock...only 24 hours remaining, are you filed?
IRS Releases Updated Contingency Plan![]()
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The IRS has updated its contingency lapse plan, detailing how operations will proceed past the first five days of the federal government shutdown. The plan, which took effect on Oct. 8, 2025, outlines which functions will continue, which will pause and how employees will be managed during a prolonged shutdown scenario through April 2026.![]()
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The IRS will continue with other core services:![]()
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Testing and completing the upcoming filing year programs![]()
Processing returns with payments![]()
Processing remittances to include payment perfection![]()
Processing disaster relief transcripts![]()
Designing and printing of tax forms![]()
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The following activities are furloughed and will NOT be conducted:![]()
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Issuing refunds![]()
Processing non-disaster relief transcripts, and income verification services including express service/return![]()
Processing individual amended returns![]()
All audit functions, examining returns and processing non-electronic tax returns that do not include remittances![]()
Non-automated collections![]()
Legal counsel for non-excepted activities![]()
Taxpayer services such as responding to taxpayer questions (call sites)![]()
The Taxpayer Advocate Service is closed
Tax Tip Tuesday![]()
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Last Chance to Enroll in EFTPS![]()
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Executive Order 14247 (signed earlier this year) directs the modernization of payments to and from government accounts. Under this order, after Oct. 17, 2025, individuals can no longer enroll in the electronic federal tax payment system (EFTPS) for the first time. This aligns with the order, which aims to streamline and improve government payment systems.![]()
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Individuals who haven’t enrolled in EFTPS but may want to use it in the future need to act before the cutoff date. While businesses and practitioners aren’t directly affected, it’s important to remind clients who prefer EFTPS for estimated or balance-due payments to enroll ahead of the deadline to avoid disruptions.![]()
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After Oct. 17, 2025, taxpayers can still use other IRS payment methods (Direct Pay, IRS2Go, debit/credit card processors), but they won't be able to set up EFTPS for the first time.
Tax Tip Tuesday![]()
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IRS Guidance on Phasing Out of Paper Checks![]()
• On Sept. 15, 2025, the The IRS, under Executive Order 14247, will begin phasing out paper refund checks for individual taxpayers as of September 30, 2025.![]()
• After that date, refunds will generally be required to be delivered electronically (e.g., direct deposit) unless restricted by law or special circumstances.![]()
• The change is intended to: ![]()
1. Reduce the risk of lost, stolen, delayed, or altered paper checks![]()
2. Speed delivery of refunds to taxpayers![]()
3. Lower administrative costs for the IRS![]()
• For taxpayers who lack bank accounts or face obstacles to electronic payments, the IRS is committed to providing alternatives, such as prepaid debit cards or digital wallets, ensuring that all taxpayers are catered for.![]()
• For now, the existing filing and payment procedures remain in place. However, the IRS is dedicated to issuing detailed guidance before the 2026 filing season, ensuring that tax professionals are well-informed and prepared for the changes.
What better way to hang out with a buddy from college that I haven’t seen for 15 years! ![]()
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Time for some updates! #IRSTaxForum #IRSTaxPros
Two week follow up and I’m right on track! Thank you all for your continued support! ![]()
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The bottom is my newest addition.
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For those that don’t know….I will be out of the office for a little while as I recover from the surgery I had today. ![]()
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I will have access to and be checking emails and responding when I can…all of this will be done from my recliner as my primary focus will be healing. ![]()
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The office will remain open, Monday thru Thursday from 8am to 4pm and Debbie will be available to take phone calls and handle all the things she handles. She does have a few vacation days coming up, so I will do my best to post those on Facebook since the office will be closed.![]()
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Thank you all for your understanding and continued support! I truly appreciate each and everyone of you. ❤️
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TAX Tip Tuesday…..we know, it’s been a while….but there was some exciting news released today for Idaho Residents!![]()
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BOISE, Idaho – August 19, 2025 – The Idaho State Tax Commission has added more FAQs about the Idaho Parental Choice Tax Credit program to its website, including examples of expenses that might qualify, a program timeline, and clarification that only full-time Idaho residents are eligible. Find the FAQs at tax.idaho.gov/parentalchoicecredit.![]()
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The Idaho Parental Choice Tax Credit helps some families cover the cost of qualified education expenses for children who aren’t enrolled in public school. They can receive up to $5,000 per eligible child, or $7,500 for each eligible child with a qualifying disability. Priority will be given to parents whose modified adjusted gross income doesn’t exceed 300% of the 2024 federal poverty level.
Idaho Parental Choice Tax Credit - Idaho State Tax Commission
tax.idaho.gov
The Idaho Parental Choice Tax Credit program that the Legislature recently enacted in HB93 helps some families cover the cost of qualified education expenses for children who aren’t enrolled in publ...
We have been quiet for a long time.....the plan is to start getting updates out there again, one at a time as we can.![]()
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Today's new tip:![]()
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Idaho passed a new law that means Idaho small sellers won't have to charge sales tax. Effective July 1, 2025, Idaho law defines a small seller as an Idaho resident operating as an individual or sole proprietorship whose cumulative gross sales don't exceed $5,000 in either the current or previous calendar year. ![]()
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Happy Friday!
Our offices will be closed tomorrow, Monday June 23rd. Sorry for the inconvenience. We will be back Tuesday to our regular hours.
Our offices are closed today. Thankful for the blessings we have from the sacrifices of those that serve.
Our offices will be closed tomorrow, Wednesday April 23rd in observance of Adminstrative Professional’s Day so we can treat our amazing Admin Debbie Stromberg to a fun filled day of spoiling in CdA! Thank you for your understanding and support!
Annnnnnnnnnd that’s a wrap folks! This cats had it! Thank you for an amazing tax season! Our offices are closed until Monday, April 21st.
One deadline met, one to go….tick tock tick tock….28 days left to file or go on extension. If you are still needing to get your taxes completed, please bring your stuff in sooner rather than later! ![]()
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If you have already had your taxes prepared, please leave a review either on Facebook, Yelp, Google, or whatever other platform you can find me on. ![]()
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I truly appreciate that I get to do what I love everyday!
Happy hump day! Unfortunately the office will be closed today, Wednesday January 22nd….Leah has an out of office appointment and poor Debbie has come down with the crud going around town! If you need to drop off paperwork, please leave it in the mailbox and put the flag up. Thank you for understanding! Leah will be in tomorrow….and wellllll Debbie is resting till Monday.
Tis the season! And we aren't talking Christmas! The official opening date for e-filing Individual Income Tax Returns is Monday, January 27, 2025, for Businesses Wednesday, January 15, 2025. ![]()
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If you are a returning client, feel free to drop off your information or call the office for an appointment if needed. New clients, I like to meet with you before I work on your taxes, so please call for an appointment.![]()
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Thank you and we look forward to another amazing year! Remember, without you there would be no us! 😁
Good morning and happy Monday to a short holiday week! We would like to wish everyone a safe and fun filled holiday. Our offices will be closed this week starting Tuesday, December 24th, we will return to the office, Monday, December 30th. Merry Christmas everyone...thank you for supporting this small business.
Our offices will be closed next week on Thursday, November 28th and Friday November 29th. We hope you all have a fun and safe holiday with your families.
Our offices are closed from September 17th to October 1st. Thank you for understanding and support!
Our offices will be closed from Tuesday, September 17th to Monday, September 30th, reopening Monday October 1st. ![]()
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If you have not gotten your tax information to us and are still on extension, please contact our offices as soon as possible, or drop off your documents. ![]()
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There is a mailbox outside our office door if you happen to come while we are closed, please leave your documents in the mailbox and they will be picked up by the people who are caring for the office mascots while we are away. ![]()
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Thank you all for an amazing "second tax season"! Countdown for vacation has begun....tick tock tick tock! 😁
Our offices will be closed, Monday September 2nd for the Labor Day Holiday. We wish you all a happy and safe holiday weekend!
Unfortunately our offices will be closed this week from Monday July 15th to Thursday July 18th. If anything is urgent, please send an email as they will be monitored and answered as we can. We apologize for the invonvenience.
Our offices will be closed this week from Wednesday to Monday for the 4th of July Holiday. We wish you all a safe and fun holiday! Thank you!
Our offices are closed today….sorry for the inconvenience, we will be back tomorrow.
Our offices will be closed Monday, May 27th in observance of Memorial Day. We wish everyone a fun and safe weekend….remeber the reason for the holiday. Regular office hours resume on Tuesday.
media1.tenor.co
IT'S A WRAP!!!!! Tax Season is officially over!!!! All returns have been filed, or people put on extension! Thank you all for your continued support! ![]()
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Our offices will be closed for the rest of this week, re-opening with normal business hours on Monday April 22nd. ![]()
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For those that don't remember, our new office hours are Monday through Thursday from 8am to 4pm. 😎🥸🥳🤩
*** Options for Taxpayers with Balances Due ***![]()
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The IRS has multiple options for taxpayers dreading the upcoming deadline simply because they have a balance due. Taxpayers are highly encouraged to file their return or extension by the April 15th deadline, even if they can't pay the full tax bill. This will help avoid failure to file penalty. ![]()
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If you are a taxpayer looking for assistance on setting up payment plans, check out some of the options at: ![]()
Get help with tax debt | Internal Revenue Service
www.irs.gov
If you owe taxes and can’t pay, the IRS can help. You have options.
What an amazing weekend! We closed early on Thursday and took a MUCH needed long weekend to recharge the brain cells! ![]()
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Where has this year gone????? First deadline has passed, onto the next! Tax day in T-minus 28 days....but who's counting? 😁![]()
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If you are a returning client and we haven't heard from you yet, I highly recommend getting in touch with our offices asap. If you are a new client, we look forward to hearing from you too....sooner rather than later!![]()
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Happy Monday!
*** Just in from the IRS ***![]()
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Spokane area tax payers living within Spokane County that were impacted by the wildfires will qualify for tax relief. ![]()
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The tax relief postpones various tax filing and payment deadlines that occurred from Aug. 18, 2023, through June 17, 2024 (postponement period). As a result, affected individuals and businesses will have until June 17, 2024, to file returns and pay any taxes that were originally due during this period.![]()
This means, for example, that the June 17, 2024, deadline will now apply to:![]()
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• Individual income tax returns and payments normally due on April 15, 2024.![]()
• 2023 contributions to IRAs and health savings accounts for eligible taxpayers.![]()
• 2023 quarterly estimated income tax payments normally due on Sept. 15, 2023, and Jan. 16, 2024, and 2024 estimated tax payments normally due on April 15, 2024.![]()
• Quarterly payroll and excise tax returns normally due on Oct. 31, 2023, and Jan. 31 and April 30, 2024.![]()
• Calendar-year partnership and S corporation returns normally due on March 15, 2024.![]()
• Calendar-year corporation and fiduciary returns and payments normally due on April 15, 2024.![]()
• Calendar-year tax-exempt organization returns normally due on May 15, 2024.![]()
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In addition, individuals and businesses that had an extension to file their 2022 returns will also have until June 17, 2024, to file them. However, tax-year 2022 tax payments are not eligible for this relief because they were originally due last spring, before the disaster occurred.![]()
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If you have any questions or need assistance, please feel free to contact our office.
So proud of our wrestlers! Congratulations on doing your best! Two state champs is pretty amazing! ❤️Happy Monday wrestling family!!! A big THANK YOU to Leah's Accounting Solutions for sponsoring our newsletter this week and these amazing wrestlers! Thank you for supporting our wrestling club!!!
Good morning and Happy Saturday! We hope everyone is enjoying this rainy weekend here in North Idaho!![]()
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We have heard a few stories around town about the changes in our business operations and would like to take a moment to clear up a few questions/concerns:![]()
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1. We are not closing, nor are we short staffed for tax season. There has been and is still one person that completes tax returns, Leah Anderson. This will continue.![]()
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2. We are accepting new tax clients, don’t hesitate to contact our office during business hours. If it is after hours, please leave a voicemail and we will return your call.![]()
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3. Major changes that have been made in our office affect only our monthly clients, as they will not have their books up to date during tax season, but all other services such as payroll, and monthly filings will be completed. Monthly clients will be caught up on in May. All have been notified of these change as well…..so let’s not turn this into something it’s not.![]()
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4. Business Hours are Monday through Thursday from 7am to 5pm, during tax season. Friday, Saturday and Sunday are by appointment only. Why some are asking….well this gives Leah 3 days to focus on tax returns without phone calls, appointments and questions. ![]()
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5. Why is email the best way to contact with Leah during this time, because “Do you have time for a quick question” phone calls typically turn into multiple questions and 30 minutes later it is no longer a quick question. If you don’t email, then call the office, leave the message with Debbie and Leah will get back to you as quickly as she can, just keep in mind in order for her to accomplish her daily tasks she is handling most phone calls on Monday’s and Fridays.![]()
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6. Yes, Leah will be taking a vacation at the end of tax season….expect to have the office closed for about a week beginning May 5th.![]()
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If you have any more questions, or hear more talk from, “Billy’s cousin’s, uncle’s girlfriend said…..” please contact our office before you pass on the information you heard.
Today is the day! Tax Season and e-filing is officially open! For new and returning clients, you are welcome to drop off information if you don't want to make an appointment. If you want to make an appointment, please call the office and get on the calendar, 208-245-0930. Friday, Saturday and Sunday will be by appointment only. Office hours are Monday through Thursday, 7am to 5pm. ![]()
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Let's do this!!!!! Game time!
NEW OFFICE HOURS - ![]()
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Effective immediately office hours will be as follows:![]()
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Monday thru Thursday - 7am to 5pm![]()
Friday thru Sunday - Closed![]()
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During tax season, Fridays will be by appointment only. We want to make sure that we are available for all our clients, so if Friday, Saturday or Sunday are the only days you have, please call our office and we can make special arrangements.
Just a heads up: things are getting a bit lean and mean around here! Due to changes in our office structure, I'm flying solo for the time being - both office manager and bookkeeper/Accountant extraordinaire rolled into one. We still have our wonderful receptionist to greet you in person or over the phone, but for the most part office operations are down to a one-person show and that one person is pulling double duty to make sure everything is covered as it always has been. ![]()
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While I'm excited about the new challenge, it also means some adjustments are necessary in the short term, particularly when it comes to monthly bookkeeping and tax preparation. I'll keep you fully informed about any changes in process or timeline, but rest assured, I'm committed to keeping things running smoothly and efficiently, please be patient as I navigate this new solo act. I'll keep you updated on any specific changes, and of course, I'm always open to questions and feedback.![]()
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Just remember, a smaller team means a bit more patience from everyone - bear with me, and we'll come out the other side stronger than ever! Let's work together to make this transition a seamless one!
Our offices will be closed tomorrow, Friday, January 12th as we continue to prepare for the upcoming tax season. Thank you for your understanding! Have a wonderful weekend~
For those of you chomping at the bit to get your taxes done....hold on there turbo! While you may already have your W2 in hand, the IRS announced today that the official start date is Monday, January 29, 2024. This is when the IRS will reopen for e-filing. ![]()
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Call the office for an appointment or drop off time....Game time in T-minus 20 days.......tick tock tick tock.....
Our offices will be closed tomorrow, January 5th. Have a wonderful weekend, back to normal hours on Monday!
Our offices will be closed from Friday, December 29th reopening Tuesday, January 2, 2024. Thank you so much for the amazing year! Tax season starts…..T Minus 5 days….tick tock tick tock….![]()
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We hope you all have a safe and happy New Year celebration! Stay safe, stay warm….live laugh love! ❤️
So thankful for this community and support! Without you, there would be no Leah’s Accounting Solutions! Thank you all for allowing me to do what I love…I never work a day in my life ❤️
Our offices will be closed from Friday, December 15th until Tuesday, December 26th. We wish you all a very Merry Christmas.
From all of us to you....without you there would be no us, we are thankful for each and everyone of our clients that choose us to walk through life with them. We wish you all a happy and safe holiday weekend.
Our offices will be closing early today at noon so we can spend time with our families. We will return to normal business hours next Monday the 27th. We wish all a Happy and safe Thanksgiving. Gobble till you wobble!
Such a great family operating a pretty amazing family business!
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***Tax Tip Wednesday***![]()
There have been rising concerns about the flood of improper Employee Retention Credit claims. The IRS announced there is going to be a longer processing period of 180 days or longer if the claim faces further review or audit. This new compliance review is crucial to protect against fraud but also to protect the businesses from facing penalties or interest payments stemming from bad claims pushed by promoters.
Our office is closed to the public today, as we are diligently working to finish up all Corporate tax returns on extension by todays midnight deadline. If you need to reach us, please send and email to landerson@leahsacct.com and she will follow up with you next week.![]()
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This was the best way to have no distractions with such a tight deadline. Thank you for understanding. ![]()
Have a great weekend!
We will be closing today at 2:00 P.M. and Jessica will b e returning on Tuesday the 5th at 9:00 A.M.![]()
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September 5th - 7th office hours are 9:00 A.M. to 2:00 P.M. Sorry for any inconvenience.
We will be closing at 2 P.M this afternoon. Sorry for any inconvenience. We Will Re- Open at 8 A.M. tomorrow the 23rd.
*** Tax Tip Friday ***![]()
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Truckers are strongly encouraged to E-file by August 31st. ![]()
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• People who have registered or are required to register large trucks, and or buses ![]()
with taxable gross weight of 55,000 pounds or more to E-file form 2290 by ![]()
August 31st, payment deadline for vehicles first used in July 2023.![]()
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• Taxpayers that have 25 or more taxed vehicles registered in their name must E- ![]()
file Form 2290 and pay the tax. ![]()
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For more information you may contact Leah’s Accounting Solutions at 208-245-0930.
Speechless….thank you doesn’t express how much this means to me Taylor Fairweather and Brandon…❤️ this will be framed and put over her box on the mantle.
Here’s to the best office mascot ever. You will be missed my sweet sweet pretty girl.
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We will be closing at 2 P.M this afternoon. Sorry for any inconvenience. We Will Re- Open at 8 A.M. tomorrow the 25th.
We will be closing today at 11:00 for a continuing education course. We will be back in the office around 2:30. Sorry if this causes any inconveniences.
*** Tax Tip Tuesday***![]()
Taxpayers may qualify to exclude all or part of any gain from the sale of their income when filing taxes.![]()
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Things to consider when selling your home:![]()
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• During the 5-year period ending on the date of the sale, the homeowner must ![]()
have owned the home and lived in it as their main home for at least 2 years.![]()
• If you sell your main home for a capital gain you may be able to exclude up to ![]()
$250,000 of that gain from your income. If you file jointly with your spouse that ![]()
exclusion can be up to $500,000.![]()
• Taxpayers can only exclude the gain of their main home and must pay taxes on the ![]()
gain from selling any other home.
Our office will be closing today at noon, and will be taking Monday and Tuesday off for the 4th of July Holiday. Have fun and be safe out there!
Our office will be closing today at noon, and will be taking Monday and Tuesday off for the 4th of July Holiday. Have fun and be safe out there!
Our office will be closing today at noon, and will be taking Monday and Tuesday off for the 4th of July Holiday. Have fun and be safe out there!
Our office will be closing at 3:00 P.M today. Sorry for any inconvenience. We will be open tomorrow at 8:00.
*** Worry Free Wednesday*** ![]()
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Small business owners who file their own taxes will soon be able to save time with the simplified tax forms. The IRS is updating forms businesses use the most such as Forms 940, 941 and 944 these forms will be mobile friendly and available in multiple languages.
*** Tax Tip Tuesday*** ![]()
Business travel deductions are available for certain people who travel away from their home or main place of work for business reasons only.![]()
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Here are some deductions businesses can get for travel.![]()
• Travel by plane, train, bus or car between home and a business destination.![]()
• Fares for transportation between an airport or train station and hotel. Or from a ![]()
hotel to a workstation.![]()
• Using a personal car for business.![]()
• Lodging and meals![]()
• Business calls and communication.![]()
• Also tips paid for services related to any of these expenses.
Our office will be closing at 2:00 P.M today. Sorry for any inconvenience. We will be open tomorrow until Noon.
*** Worry Free Wednesday*** ![]()
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Attention small business owners! By next filing season the IRS is making upgrades to their online services. They plan to expand online service tools you will be able to see tax information and schedule and track payments. ![]()
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By 2024 small business owners will be able to respond to correction of self-employment income, employment- related identity theft notifications.![]()
Another update the IRS is doing to help small business owners is improving processing times and faster refunds.
*** Worry Free Wednesday***![]()
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What should you do if you receive a letter from the IRS:![]()
• Don’t panic and read the letter carefully.![]()
• Review the information. Compare it with the original return.![]()
• Take requested action. ![]()
• Reply only if requested.![]()
• Keep the letter or notice for your records.![]()
• Most importantly watch out for scams! The first contact is by mail. If unsure check ![]()
the website at tax account information on IRS.gov.
*** Tax Tip Tuesday ***![]()
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If you have been in a disaster, you may feel overwhelmed. Your important documents such as financial information and tax records are often destroyed. You might need this information to apply for assistance and insurance reimbursement. No need to fret you may go to the IRS.gov website to get information you will need for filing extensions and information on tax relief.
Back up with power! We will be in the office tomorrow at our normal business hours, 8 to 5 🙂 ![]()
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The storm was pretty bad at the end of our road, honestly, surprised internet and power have both been restored! Cause the ZIPLY box doesn’t look so good…..
Our office is closed for the rest of the day due to a power outage. Hopefully it gets restored soon! We will keep you updated! Be safe out there and enjoy the thunder and lightning!
Love this! Sure will come in handy on those days we want to get lunch, but don’t have time to leave, Wendy Baskin and Jessica Maimone!
This content isn't available right now
When this happens, it's usually because the owner only shared it with a small group of people, changed who can see it or it's been deleted.
*** Worry Free Wednesday***![]()
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If you have installed solar panels or have made other home improvements such as replacing windows or doors, even upgrading a water heater, you may qualify for home energy credits.
*** Tax Tip Tuesday***![]()
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Every Taxpayer has the right to pay no more than the correct amount of taxes!![]()
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• You can file for a refund if you believe you overpaid.![]()
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• Contact the IRS directly if there is an error on a notice or bill.![]()
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• You may also file an amended tax return if the error is discovered after the ![]()
original return was filed.![]()
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• Use the IRS website IRS Online Account and request that any amount owed be ![]()
removed if it exceeds the correct amount due.![]()
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• Submit an Offer in Compromise to ask IRS to accept less than the full amount of ![]()
tax debt.
Our office will be closing at Noon today. Hope you all have a wonderful weekend in the sun!!![]()
Back open at 8am on![]()
Monday, 06-05-2023
*** Worry Free Wednesday ***![]()
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Are you running a business or is it just a hobby? Here are some things to consider:![]()
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- Do you keep complete and accurate books?![]()
- Does your time and effort show you intend to make a profit?![]()
- Do you depend on the income from the activity for livelihood?![]()
- Do you change methods of operation to improve your profits?
*** Tax Tip Tuesday***![]()
The IRS has been issuing warnings about Employee Retention Credit (ERC) since last year. This has made the Dirty Dozen tax scam. So please be aware of these warning signs.![]()
• Calls or even advertisements stating, “Easy application process.”![]()
• Statements that the promoter or company can determine eligibility within minutes.![]()
• Upfront fees to claim the credit.![]()
• Be aware of fees based on percentage of the refund amount.![]()
• Aggressive claims from the advocate that the business receiving the solicitation qualifies before any discussion of the tax situation. ERC is a complex credit that requires careful review before applying.![]()
• There have been aggressive suggestions from marketers pushing business to submit the claim because there will be no fault in doing so. But those receiving the credit improperly may have to pay the credit. Along with substantial interest and penalties.
*** Tax Tip Tuesday ***![]()
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Withholding tables update: ![]()
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Due to a law change for 2023, tax rate brackets have decreased from four to two. This includes the Idaho Child Tax Credit Allowance Table to reflect lower tax rates. No need to adjust withholding from the beginning of the year, however you might want to use the revised tables going forward.![]()
• idaho.us2.list-manage.com/track/click?u=cee6d9fcc6ff77b51e5a073fa&id=d0b08723b6&e=df7719698a![]()
For more information, don’t hesitate to call the office at 208-245-5204.
idaho.us2.list-manage.com
Due to various vacation schedules, our Office will be open from 9am to 2pm ![]()
starting ![]()
Monday, May 8 & continue through Tuesday, May 16, 2023.![]()
See you when we get back.
Our office will be closed Friday, April 28, 2023![]()
Hope you all have a great weekend.![]()
Back at it on Monday, May 1st
*** Worry Free Wednesday***![]()
Just because you are not legally obligated to file a tax return you could still get money back if you file. A person may qualify if:![]()
• Have had federal income tax withheld from their pay.![]()
• Made estimated tax payments.![]()
• Qualify to claim refundable tax credits.
*** Tax Tip Tuesday***![]()
A small business may qualify for the Research and Development credit:![]()
A small business may claim up to $500,000 of qualified research expenses as a credit against payroll taxes. To qualify the business needs be less than 5 years old and cannot exceed $5 Million.
We will be closing at noon today. Sorry for any inconvenience. We will be open again on Monday from 8-5 thank you.
*** Worry Free Wednesday ***![]()
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New mothers in the workplace are covered as follows: ![]()
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FLSA requires employers to provide a reasonable break time to express milk for employee’s nursing a child for 1 year after the child’s birth. Every time a mother needs to express her milk, the employer must provide a place to do so other than in a bathroom. This location must be private and away from the public and co-workers.
*** Tax Tip Tuesday***![]()
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Bookkeepers who file tax documents, such as employment taxes or other tax returns for companies must attach a Power of Attorney (POA). If a valid Power of Attorney is not attached, there is a possibility claims or returns may be denied.
And .... Just Like That... It's A Wrap & Tax Season is Over!![]()
In True Leah Style, Our Office will be Closed Monday, April 17, 2023 & Tuesday, April 18, 2023. ![]()
Thank you all for your Continued Support
And .... Just Like That... It's A Wrap & Tax Season is Over!![]()
In True Leah Style, Our Office will be Closed Monday, April 17, 2023 & Tuesday, April 18, 2023. ![]()
Thank you all for your Continued Support
Online Payment Agreement Application | Internal Revenue Service
irs.gov
The IRS Online Payment Agreement system lets you apply and receive approval for a payment plan to pay off your balance over time.
*** Worry Free Wednesday *** ![]()
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Options for taxpayers with a tax bill they can’t pay.![]()
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Don’t panic if you can’t pay your tax bill by the deadline of April 18, 2023. There are several options to help meet your obligations.![]()
If you cannot pay in full by April 18, 2023 there is online payments plans. These plans are either short- or long- term. Your can apply at IRS.gov/paymentplan.![]()
• Short-term payment plan - The payment period is 180 days or less, and the total amount owed needs to be less than 100,000 in combined tax, penalties, and interest.![]()
• Long-term payment plan – The payment period is longer than 180 days, and is paid in monthly payments, and the amount owed is less than 50,000 in combined tax, penalties and interest.![]()
Another option is an offer in compromise this lets taxpayers settle their debt for less than the full amount they owe. It may be a good option if they cant pay in full or if doing so creates a financial hardship. Please visit Offer in Compromise Pre-Qualifier Tool if you are wanting to see if you qualify.
Online Payment Agreement Application | Internal Revenue Service
irs.gov
The IRS Online Payment Agreement system lets you apply and receive approval for a payment plan to pay off your balance over time.
*** Tax Tip Tuesday *** ![]()
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Don’t fall for federal tax refund myths!![]()
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Myth: Where’s my refund? This must be wrong because it is less than I expected.![]()
If this happens the IRS will mail the taxpayer a letter to explain the adjustments made. There may be a letter from the Department of Treasury Bureau of the Fiscal Service if the refund was reduced to offset certain financial obligations.
Update for our office.....We are no longer using the Bookkeeper email address. If you have sent an email to that address in the last 3 weeks and didn't cc Wendy or I, please reach out to us, or resend it to Wendy and I.
***Worry free Wednesday*** ![]()
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Frequently asked questions about medical expenses related to nutrition, general health and wellness. ![]()
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Q - Can a dental exam and or eye exam be a medical expense that can be paid or reimbursed by an HSA, FSA, Archer MSA, or HRA?![]()
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A- Yes, the dental or eye exam proves a diagnosis if a disease or illness is present.![]()
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Q- Can a drug-related substance use, or an alcohol use program be a medical expense be paid or reimbursed by HSA, FSA, Archer MSA, or HRA?![]()
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A-Yes, the programs treat the disease.![]()
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Q- Is a weight loss program a medical expense that can be paid or reimbursed by HSA, FSA, Archer MSA, or HRA?![]()
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A-Yes, but the program needs to treat a disease diagnosed by a physician such as obesity, diabetes, hypertension, or heart disease. ![]()
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Q-Can a gym membership be a medical expense that can be paid or reimbursed by HSA, FSA, Archer MSA, or HRA?![]()
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A-yes, but only if the membership was purchased to help the function of the body. For example, if you get a prescribed plan for physical therapy to treat an injury. Or the sole purpose of treating a specific disease but must be diagnosed by a physician. This can be obesity, hypertension, and heart disease. Otherwise, the cost of a gym membership is for the general health of the individual and is not a medical expense.
*** Tax Tip Tuesday *** ![]()
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How can I find available tax credits and tax deductions?![]()
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There are a lot of tax deductions available for all filing statuses. There are the obvious ones like the child tax credit. But others are more complicated like the Income in Respect of a Decedent deduction. There is a list of available credits and deductions; this is an ever-changing list, so it would be a good idea to seek tax advice from a tax professional who can tell what credits or deductions you are eligible for.
Saw this on a fellow Accountants timeline and thought it would be appropriate to post here! 😂🤣😂 24 more days….
For any of those looking for work….this is bound to be a fun job!
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For the sake of the Irish...and in hopes of finding a rainbow with a pot of gold today, we are closing our office at 2pm. ![]()
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If you are planning on picking up taxes today, please do so before 2. ![]()
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If you are planning on dropping off and want to talk to someone, please do so by 2. ![]()
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If you want to drop things off after 2, or over the weekend, please remember we have a big mailbox at our fence that you can put your documents in and put the flag up so we know to check it.![]()
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Happy St Patty's day! Have a wonderful fun and safe weekend!