The 2022 Tax Return Season is here. Let our experienced tax professionals at Downs & Associates help you get your taxes ready. For more information on the 2022 tax season, visit the IRS.gov website.
If you are going to Shop Online, be sure that you shop smart and safely.
For Online Shopping Tips, read more here at LifeLock.
Tax Tip: Keep track of Business Purchases.
You need to be able to prove your business purchases in case of a tax audit.
Be sure and keep written documentation, receipts, etc., so that if you were audited there would be no changes in the taxes due.
Not sure what purchases are deductible? Click here to visit Intuit's 2022 Complete List of Small Business Deductions.
Having a healthy budget is just as important as maintaining a healthy body. To get your finances in order, try the 50/30/20 rule. Divide your budget into 50%, 30% and 20%.
To read more about the 50/30/20 rule, click here for the Intuit Blog.
Have you ever received an email urging you to reply by clicking on a link, otherwise your bank account or credit card might be suspended? If so, you have been solicited by a technique thieves use that is known as "phishing." Phishing emails request you to reply with personal information such as your credit card number or PIN to confirm your identity. Once the thieves receive your personal information, your identity could be at risk.
Thankfully, there are ways to recognize "phishing" emails.
How to recognize a "phishing" email:
Have a question? We are here to help!
Our business hours are:
Monday, Tues. Thurs and Friday: 8:00 to 5:00
Wednesday: 8:00 to Noon
Call us at (205) 221-5454 and we will do our best to help.
The IRS recently extend filing and payment deadline for Tax Day for individuals to May 17, 2021.
Experience Counts! Call Downs and Associates at 205-221-5454
Divide your income among needs, wants, savings and debt repayment, using the 50/30/20 budget.
Financing a college education in America has become a seriously stressful endeavor. Student loans, while convenient now, can result in crushing debt later. Learn how to be creative during your search; you’ll be surprised by what you find.
So make a plan, set clear goals, and research the scholarships of your choice. Then, apply, apply, apply!
Experience counts, Call Downs and Associates at 205-221-5454
Filing for bankruptcy is a serious and involved process with many legal and tax issues. Our firm is familiar with the complexities of the bankruptcy filing system and can competently guide you through the process.
Experience counts, Call Downs and Associates at (205) 221-5454.
Downs and Associates CPAs, LLC