Economic Impact Payments and How to Track Them
We have been receiving an overwhelming amount of questions this week surrounding Economic Impact Payments, so we wanted to send out an informative post to address some of these concerns. At Prinzo & Associates, the only assistance we can currently offer surrounding EIPs is to help you determine your eligibility based on data from your
- Posted by pr1nz04550c14t35 / Posted on 16 Apr / 0 Comments Read More
SBA Loan Options for Small Businesses
As the Covid-19 pandemic continues to make its way through our country, many small businesses have been forced to altar and even close their physical operations. In an effort to support local small businesses, the SBA has made available several options for small businesses to gain financial help during these unprecedented times. Some of these
- Posted by pr1nz04550c14t35 / Posted on 07 Apr / 0 Comments Read More
2019 Tax Filing Deadline – EXTENDED
As of March 20th, the tax deadline has officially been extended to 7/15. Effective immediately, our office will be shut down until Governor Wolf deems it safe to reopen business as usual. We will be experiencing delays in tax filings, but please be aware we now have until 7/15 to file without penalty. Please email
- Posted by pr1nz04550c14t35 / Posted on 25 Mar / 0 Comments Read More
Overview of the business tax changes in the Tax Cuts and Jobs Act (“TCJA”)
Overview of the business tax changes in the Tax Cuts and Jobs Act (“TCJA”) The recently enacted Tax Cuts and Jobs Act (“TCJA”) is a sweeping tax package. Here’s an overview of some of the more important business tax changes in the new law. Unless otherwise noted, the changes are effective for tax years beginning
- Posted by pr1nz04550c14t35 / Posted on 11 Jan / 0 Comments Read More
Overview of the foreign tax provisions in the Tax Cuts and Jobs Act (“TCJA”)
Overview of the foreign tax provisions in the Tax Cuts and Jobs Act (“TCJA”) Here’s a look at some of the more important elements of the new tax law that have an impact on foreign taxation. In general, they are effective starting in 2018. Deduction for foreign-source portion of dividends. The new law provides a
- Posted by pr1nz04550c14t35 / Posted on 11 Jan / 0 Comments Read More
Overview of provisions of the Tax Cuts and Jobs Act (“TCJA”) affecting individuals
Overview of provisions of the Tax Cuts and Jobs Act (“TCJA”) affecting individuals The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have an impact on individuals. Unless otherwise noted, the changes are effective for
- Posted by pr1nz04550c14t35 / Posted on 11 Jan / 0 Comments Read More
Overview of the provisions in the TCJA on partnerships, S corporations, and pass-through income
Overview of the provisions in the TCJA on partnerships, S corporations, and pass-through income Here’s a look at some of the more important elements of the new tax law that have an impact on partnerships, S corporations, and pass-through income. In general, they are effective starting in 2018. New deduction for pass-through income. The new
- Posted by pr1nz04550c14t35 / Posted on 11 Jan / 0 Comments Read More
Overview of the retirement plan changes in the Tax Cuts and Jobs Act (“TCJA”)
Overview of the retirement plan changes in the Tax Cuts and Jobs Act (“TCJA”) Here’s a look at some of the more important changes in the TCJA that affect retirement plans. Except with regard to the disaster-related provisions (which contain special effective dates), the changes are effective for tax years beginning after 2017. Recharacterization of
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Spending Your Income Tax Check Wisely
Many of us look forward to income-tax-return season because we want that big income tax check. We expect to get a big return on the amount of taxes we’ve paid the past year. We want to spend that check on things we’ve wanted but weren’t sure if we could put money aside for. However, it’s
- Posted by pr1nz04550c14t35 / Posted on 27 Apr / 0 Comments Read More
Independent Contractors Pay Taxes Differently
If you’re a new independent contractor, the first thing you need to know is how to pay your taxes. As an independent contractor, you are self-employed. That means you don’t have an employer who will take out taxes out of your paycheck for you. You are responsible for that. Some people would rather become an
- Posted by pr1nz04550c14t35 / Posted on 27 Apr / 0 Comments Read More