Tax Preparation Archives - Accolade Accounting Thu, 12 Feb 2026 11:33:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://accoladeaccounting.com/wp-content/uploads/2020/10/favicon-150x150.png Tax Preparation Archives - Accolade Accounting 32 32 188260981 Are You Ready for the October 15 Deadline https://accoladeaccounting.com/blog/are-you-ready-for-the-october-15-deadline Tue, 24 Sep 2024 09:57:45 +0000 https://accoladeaccounting.com/?p=8090 As the October 15 tax extension deadline approaches, ensure you’re prepared by understanding the requirements for filing and paying your taxes. Accolade Accounting provides essential tips and professional support to help you file efficiently and avoid penalties.

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]]> As the October 15 tax extension deadline approaches, ensure you’re prepared by understanding the requirements for filing and paying your taxes. Accolade Accounting provides essential tips and professional support to help you file efficiently and avoid penalties.

The post Are You Ready for the October 15 Deadline appeared first on Accolade Accounting.

]]> 8090 Payroll Taxes – What You Should Know https://accoladeaccounting.com/payroll-taxes-what-you-should-know/ Tue, 26 Jan 2021 05:00:09 +0000 https://accoladeaccounting.com/?p=6420 2020 was a year of many changes to include the redesigned Form W-4 to figure employee withholdings.

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]]> 2020 was a year of many changes to include the redesigned Form W-4 to figure employee withholdings.

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]]> 6420 2021 Tax Changes https://accoladeaccounting.com/2021-tax-changes/ Tue, 12 Jan 2021 05:00:22 +0000 https://accoladeaccounting.com/?p=6399 Looking for Tax Opportunities for 2021? We’ve read the tax changes for 2021 and highlighted a few that will impact most people.

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]]> Looking for Tax Opportunities for 2021? We’ve read the tax changes for 2021 and highlighted a few that will impact most people.

The post 2021 Tax Changes appeared first on Accolade Accounting.

]]> 6399 Happy Holidays! https://accoladeaccounting.com/happy-holidays/ Tue, 22 Dec 2020 13:00:23 +0000 https://accoladeaccounting.com/?p=6375 My kids are excited as they are every year. The gift lists are complete and, shopping online is the ONLY way to handle the holidays in the future!

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]]> My kids are excited as they are every year. The gift lists are complete and, shopping online is the ONLY way to handle the holidays in the future!

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]]> 6375 Sign Of The Season https://accoladeaccounting.com/sign-of-the-season/ Tue, 08 Dec 2020 13:27:49 +0000 https://accoladeaccounting.com/?p=6274 The air is crisp, and the trees are bare, natural signs of change. They are also signs that it is time to think about the upcoming year…

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]]> The air is crisp, and the trees are bare, natural signs of change. They are also signs that it is time to think about the upcoming year…

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]]> 6274 Tips To Closeout Your Business Year https://accoladeaccounting.com/tips-to-closeout-your-business-year/ Tue, 24 Nov 2020 13:56:59 +0000 https://accoladeaccounting.com/?p=6253 2020 has been a “wild ride” to say the least and it’s not over!  Our resilience during this particularly difficult year is a testament to the human spirit!  If you’re a business owner, as I am, you may have different planning needs as we close out this very unusual year and plan for 2021. Consider […]

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]]> 2020 has been a “wild ride” to say the least and it’s not over!  Our resilience during this particularly difficult year is a testament to the human spirit!  If you’re a business owner, as I am, you may have different planning needs as we close out this very unusual year and plan for 2021.

Consider your tasks to close a summer home.  You’ll need to pack away the beach toys. With no one occupying your vacation home during the winter, you’ll want to lock and shutter the windows.  All of these are on your checklist of things to do, to make sure all the steps are completed to close the house for the season.

To closeout your business year, you’ll need to:

  • Permanently file closed client accounts and securely store information for the required retention period.  Remember to follow GDPR guidelines to secure clients’ private information.
  • Closeout HSA & FSA medical spending plans and other plans that end annually.
  • Check out our tax calculator, to get a tax payment estimation.

If you’re filing your 2020 taxes in December or March of 2021, use the checklist below to ensure you have all the documents to complete your 2020 closeout.

Don’t forget to document Direct Expenses and Indirect Expenses, Depreciation, and Improvements.  As we have been working from home for most of this year, there may be additional expenses to consider that you didn’t consider in previous years?  Contact us, we can tell you what those are.

Click and download the image below, gather the documents to file, and prepare them for your 2020 closeout. Tax Record Keeping

Cheers!
JD Longino, CPA

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