Kate Finn, CPA

12/30/2024

Final reminder. If you have an LLC or Corporation, you need to file a Beneficial Ownership Report by the end of the year, to avoid late fees of $500 per day.

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04/01/2020

In response to the Covid-19 crisis, the IRS will be issuing payments of $1,200 per adult and $500 per child under 17, to individuals who qualify. Qualified individuals have AGI under $75,000 for singles, $150,000 for married couples. If your income is above those amounts, the payment will be phased out up to $99k for singles and $198k for married couples.
TIP: The IRS will be looking at AGI on your most recently filed return. If your 2018 income falls within these limits, but 2019 is too high, hold off on filing 2019. If your 2018 is too high, but 2019 would qualify you, file immediately! These payments are expected out in the next few weeks.

04/01/2020

Federal and MA tax deadlines for 2019 have been extended to July 15, 2020.
Also, first quarter estimated tax payments are due July 15.

02/02/2019

01/08/2019

During the government shutdown, the IRS will not conduct audits or process amended returns, but it will process returns and issue refunds starting Jan 28, 2019.

The IRS announced Monday evening that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

11/21/2018

Nowadays, companies are looking for innovation like new products, services, technologies and many more things to be stable in this competitive market. Outsourcing is one of the most crucial ways to process various non-core back office activities of the company.

10/24/2018

Some good year-end advice for small businesses

There’s still time to cut your tax bill.

10/23/2018

Planning on winning the Mega Millions?😁

If you hit the jackpot in either Mega Millions or Powerball, you can count on paying the top federal rate of 37 percent on your income, along with state taxes unless you live where lottery wins are untaxed.

10/21/2018

Do you have a new business and need to set up QuickBooks? Or has your business grown to a point where you need to spend more time on your business and less time on your books? Give me a call! Let's get your books in order before year-end.

09/19/2018

Thank you all for joining my page! With year-end approaching, I’m happy to answer any questions you may have about how the new tax law will impact you and how you can use tax planning strategies to save some money.