Monthly Archives: September 2019

Andrew Schwartz To Present Free Online CPE Seminar on Growing A Niche Practice

WHEN: Thursday, Sept. 26, 2019 11:00 am – 12:00 pm (Pacific Price: FREE   In a profession where many CPAs and accountants operate as generalists, specializing within a niche can provide a huge competitive advantage.  Many firms have realized that the

Posted in 2019 September newsletter

Tax and Financial Planning Calendar for September 2019

Month Income Taxes Saving and Investing SEPTEMBER 3rd quarter estimates due 9/16/19 “Calendar year” Corporate and Partnership tax returns on extension are due 9/16/19 SIMPLE/IRAs and Safe-Harbor 401k’s need to be set up by 10/1 Back to school – Read

Posted in 2019 September newsletter

Two Practical Personal Finance Lessons For College Students

by Andrew D. Schwartz CPA  (Originally written for the September 2016 newsletter.) Last week, my wife and I dropped off our older child at college to start his freshman year.  He is eager to spend the next four years taking

Posted in 2019 September newsletter

IRS Audit Rate Decreases in 2018

Continuing a downward trend from the past year, 2018 saw 7% fewer IRS audits of tax returns than the amount that were audited in 2017. 150 million personal tax returns filed for the 2017 tax year.  Of that amount 892,000

Posted in 2019 September newsletter

2019 Tax Amount Updates

For 2018, the standard deduction for a single individual is $12,000 and for a married couple is $24,000. A person will benefit by itemizing once allowable deductions exceed the applicable standard deduction. Itemized deductions include state and local income taxes

Posted in 2019 September newsletter, General

Making Estimated Tax Payments To Avoid IRS Penalties

by Richard S Schwartz CPA CVA If your tax situation may be changing this year as a result of receiving additional investment or consulting income that you were not expecting when you had met with your tax preparer last spring,

Posted in 2019 September newsletter