Some income tax deadlines have changed from last year and they are quickly approaching. Income tax deadlines for 2017 are as follows: personal income tax (April 18), partnership income tax (March 15), s-corporation income tax (March 15), and c-corporation income tax (April 18). Come see us soon! We are always ready to pull up our sleeves and help! Happy Tax Filing!
Community CPA has developed quite a reputation in the community under Ying's leadership. Do you want to read what folks have to say about working with Community CPA? Please click here.
The Gazette newspaper recently featured a new story on Community CPA and how the firm went out of its way to help ensure immigrant entrepreneurs are successful in Iowa. Please click here.
Beginning in 2017, a new federal law requires the IRS to hold refunds on tax returns claiming the Earned Income Tax Credit (EITC) until mid-February. This change helps ensure that taxpayers get the refund they are owed by giving the IRS more time to help detect and prevent fraud. Iowa Department Revenue will also take time to apply its own fraud checks to EITC refund claims. State EITC refunds will not be paid until early March.
Beginning Jan. 1, standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be the following:
• 53.5 cents per mile for business miles driven, down from 54 cents for 2016;
• 17 cents per mile driven for medical or moving purposes, down from 19 cents for 2016;
• 14 cents per mile driven in service of charitable organizations.
The IRS will begin accepting paper and electronic tax returns on Monday, January 23rd, with deadline day pushed back to Tuesday, April 18th. The due date has been extended from the traditional April 15th, as it falls on a Saturday this year, and because Emancipation Day, a legal holiday in the District of Columbia, is observed on the Monday. The agency also warned that some taxpayer will see delays to refunds this year, due to a new law requiring it to hold back refunds claiming the Earned Income Tax Credit and the Additional Child Tax Credit until February 15th.
Community CPA is growing and expanding our team's expertise to help you with your audit, accounting, taxation, business consultation, and not to mention, other special cases related to immigration as well. Click here to see the team of professionals who are dedicated to providing only the best quality of work. We offer expertise with empathy, knowledge with understanding, and powerful technology with a human touch. Our team is here to share our experience and knowledge and to help you succeed, because your success is our success.
Choosing an accountant is more than a business decision; it is also a personal decision. Whether you are an individual who sees an accountant once a year for tax filing, a novice entrepreneur with lots of questions and decisions to make, or the owner of an established business, choosing the right CPA firm is important.
A good accountant is indispensable to the success of every business. And a good accountant is more than just a "numbers" person.
Your CPA should do more than help with tax filings. They should help you be proactive in all of your financial dealings and can also serve as an adviser and sounding board, becoming an invaluable business partner. Experience, credentials, specialized expertise and references need to be factored into your decision, but personality and personal service are also important. And there's peace of mind in knowing who is handling your account.
Good communication, accessibility and service need to be considered. Is the accountant's office open six days a week, does the staff speak many languages, and do clients have 24/7 access to their financial information and online help with managing their books?
Does the staff participate in extensive training and ongoing continuing education, and does the firm subject its work to peer reviews, which are rigorous exams conducted by outside examiners that assure the quality and integrity of the work?
You should not underestimate the value of a Certified Public Accountant. Real value from an accounting firm means superior service, a forward-thinking attitude and a relationship you can rely on. Above all, your primary factor in choosing an accountant should be the value he or she can bring to the relationship. Community CPA & Associates, Inc. will not only meet your expectations, we will exceed them.