Iowa LLCs and nonprofit organizations are due this year to file the Biennial with the Secretary of State by March 31. About the Biennial Reports: All entities registered with the Iowa Secretary of State must file the Biennial Report in order to stay active and good standings. In some states, it is called the Annual Report. It is a required filing to re-register your business information with the Secretary of State. Please note: If not filed on time, it will result in your business closure. Community CPA can help no matter which state you are conducting your business, including the filing of the Biennial Report. Give us a call for all your tax, accounting, and business needs: 515-288-3188
The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. For each employee, wages up to $10,000 can be counted toward the 50% credit.
Charitable contributions – a new way to do it in 2020! CARES Act changed deducting charitable contributions. You can deduct additional $300 for single and $600 for joint return in 2020. See line 10b of the DRAFT Form 1040: https://www.irs.gov/pub/irs-dft/f1040--dft.pdf DRAFT Instructions to Form 1040, see page 29 for info on line 10b https://www.irs.gov/pub/irs-dft/i1040gi--dft.pdf
Do you have an Individual Taxpayer Identification Number (ITIN)? Do you know whether yours is expiring? Read this guideline to determine if yours needs to be renewed. Under the Protecting Americans from Tax Hikes (PATH) Act, ITINs that have not been used on a federal tax return at least once in the last three consecutive years and those issued before 2013 will expire. In 2020 ITINs with middle digits 88 will expire Dec. 31, 2020. Additionally, ITINs with middle digits 90, 91, 92, 94, 95, 96, 97, 98 or 99, that were assigned before 2013 and have not already been renewed, will also expire at the end of the year. Make sure you contact Community CPA to get it renewed. Community CPA is federal authorized agent to assist IRS in ITIN renewal and insurance. To schedule an appointment, call 515-288-3188 or email email@example.com. Tiene un Número de Identificación Individual del Contribuyente (ITIN)? ¿Sabe si el suyo está expirando? Lea esta guía para determinar si su número ITIN necesita ser renovado. Bajo la Ley de Protección a los Estadounidenses contra las alzas de Impuestos (PATH), los ITIN que no se han utilizado en una declaración de impuestos federal al menos una vez en los últimos tres años consecutivos y los emitidos antes de 2013 expirarán. En 2020 los ITIN con dígitos medios 88 expirarán el 31 de diciembre de 2020. Además, los ITIN con dígitos medios 90, 91, 92, 94, 95, 96, 97, 98 o 99, que fueron asignados antes de 2013 y no han sido renovados, también expirarán al final del año. Asegúrese de ponerse en contacto con Community CPA para renovarlo. Community CPA es un agente autorizado para ayudar al IRS en la renovación y la aplicacion de ITIN. Para programar una cita, llame al 515-288-3188 o envíe un correo electrónico firstname.lastname@example.org.
Thursday, 02-25-2021 03:00 PM:
Conversation with the Greater Des Moines Partnership on Talent Development
Friday, 02-26-2021 03:00 PM:
Deducción por el uso comercial del hogar / [Spanish] Home Office Deductions
Saturday, 02-27-2021 03:00 PM:
Discover Business Partnerships
Tuesday, 03-02-2021 03:00 PM:
Caboodle of Home Office Deductions
Wednesday, 03-10-2021 03:00 PM:
Khấu Trừ Văn Phòng Tại Gia / [Vietnamese] Home office deductions
Our audit and attest services team includes highly trained CPAs with extensive audit experiences. We provide audit and attest services to clients across industries inclu...
Reevaluating your tax structure is a smart thing to do because proper tax planning and business entity reorganization can save precious capital that can be used to expand your business.
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Our online portal is the future of business accounting and payroll management. You are able to submit and access payroll information 24/7 by logging onto our secure, private portal.
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