Our early advance program through Republic Bank means that you can have access to some of your tax credits today. If you want to find out how much you qualify for, stop by our office, open 9-5 until the 20th, then 9:00 Am to 8:00 PM.… Read More
National Tax Security Awareness Week The IRS and Security Summit partners marked National Tax Security Awareness Week earlier this month with a series of tips and reminders for consumers, taxpayers, businesses, and professionals. Advice focused on protecting your personal and financial information while online shopping, guarding against email and phishing scams, creating strong passwords, tips… Read More
The IRS has warned about a recent gift card scams, one of the many scams that people need to be aware of. IRS GIft Card Scams These scams follow many of the traits of a typical phone scam: someone calls you from a source that you wouldn’t question. They tell you that something bad has… Read More
IRS Updates Deductible Guidelines The IRS has issued guidance on some of the changes brought about by the Tax Cuts and Jobs Act (TCJA) regarding certain deductible expenses. The rules for using the optional standard mileage rates in deducting costs of operating an automobile for business, charitable, medical or moving expense purposes have been updated.… Read More
The South Carolina legislature has allocated approximately $60 Million USD in refunds from the taxes the recent Mega Millions Lottery winner paid in South Carolina. Qualified taxpayers can receive a $50 tax refund in the mail. South Carolina taxpayers who have filed their 2018 taxes by October 15, 2019 and who have qualified for over… Read More
Nov 13 Tax Updates 401(k) Limits Increased for 2020 Many contribution limits to retirement savings programs have increased for next year. Limits for participants in 401(k), 403(b), most 457 plans, and the Thrift Savings Plan are increased from $19,000 to $19,500. The catch up contribution limit for these plans is increased from $6000 to $6500.… Read More
Third Quarter Tax Payments Due The IRS reminds taxpayers that those owing estimated quarterly tax payments must pay their third quarter installment by September 16 . This generally applies to small business owners and the self-employed, including those participating in the sharing economy as well as others whose earnings aren’t subject to withholding, such as… Read More
Tax Planning – Paycheck Checkup With the change of seasons and start of the traditional school year, it’s a good time to review your tax planning, and a Paycheck Checkup is an important part of that. What is a Paycheck Checkup? A Paycheck Checkup is a review of your tax withholding. Making sure the proper… Read More
IRS Waives Penalty Automatically More than 400,000 eligible taxpayers who were subject to a penalty for underestimated tax payments for the 2018 tax year will automatically receive the waiver, the IRS has announced . No action is required for eligible taxpayers to receive this waiver. Additionally, taxpayers who already paid the penalty will receive refunds.… Read More
Good News in York County Occasionally we like to share some positive news from the local area. It’s hot, but there are still some great things happening in York County this month! Veteran Gets Mortgage-Free Home Local veteran Tamekia Sanders received the keys to her Fort Mill ‘American Dream’ on July 15, thanks to Operation… Read More