Use this handy, humorous flow chart to find out if you’re financially ready for the new year!

Rachel BurnsJanuary 30, 2024tax, tax return, tax preparation, cpa, accountant, accounting, irs, 2023, 2024, gary levine, richmond, rva, 804, central virginia, local accountant, small businessComment

What Documents Do I Need to Collect for Filing My 2023 Tax Return?

Use this comprehensive checklist to gather everything you may need to begin preparing your 2023 tax return, whether you’re filing on your own or with a tax professional.

Gary LevineJanuary 30, 2024end of year, taxes, 2022, tax strategy, tax reduction, tax deducation, tax deduction, cpa, accountant, accounting, tax preparation, tax planning, gary levine, financial, tax liability, tax refund, central virginia, rva, richmond, 804, virgniia, virginia, va, 2023, tax returnComment

Things to Consider Before the End of the Year to Reduce Your 2022 Taxes

In preparation for the end of the year, I have compiled a list of ideas to reduce your 2022 taxes and many of these must be taken care of before December 31st.

Rachel BurnsDecember 5, 2022end of year, taxes, 2022, tax strategy, tax reduction, tax deducation, tax deduction, cpa, accountant, accounting, tax preparation, tax planning, gary levine, financial, tax liability, tax refund, central virginia, rva, richmond, 804, virgniia, virginia, vaComment

The IRS backlog is 6-8 months for paper-based filings

You may have heard that the IRS has a significant backlog going back as far as 2019 tax returns.

Rachel BurnsFebruary 15, 2021its, tax, irs, taxes, tax season, tax filing, tax preparation, tax preparer, tax specialist, cpa, accountant, financial, tax return, gary levine, richmond, rva, virginia, vaComment

Virginia Tax due June 1st - What You Need to Know

If you haven’t filed a tax return for several years, or you cannot afford to pay prior year taxes owed, then this post is for you.

Gary LevineMay 14, 2020irs, taxes, tax, tax law, refund, penalty, tax deadline, state tax, virginia, va, virginia income tax, tax preparer, tax accountant, tax preparation, tax code, gary levine, richmond, rva, 804, central virginiaComment

Stimulus Update: Wage Garnishments Suspended

As part of the federal stimulus package to help with Coronavirus relief, all federal wage garnishments are suspended unless the garnishment is for child support.

Rachel BurnsApril 3, 2020gary levine, accountant, accounting, cpa, tax preparer, tax preparation, stimulus package, stimulus bill, stimulus funds, wage garnishment, child support, unemployment, federal relief funds, government assistance, federal stimulus packageComment

Stimulus Update: Furloughed Vs. Laid Off

With the new stimulus package expanding unemployment benefits, and with businesses struggling to keep employees on payroll, we’re hearing the terms “furlough” and “lay off” a lot.

Stimulus Update: Small Business Relief

The section of the bill that covers relief for small businesses is called the Paycheck Protection Program which is administered through the SBA in the way of loans to small businesses.

Stimulus Update - Wage Garnishments Suspended

Today I wanted to fill you in on some important items in the stimulus package that affect wage garnishment.

Rachel BurnsMarch 30, 2020stimulus money, stimulus checks, wage garnishment, federal government, child support, personal finance, cpa, accountant, accounting, tax preparation, tax preparer, taxes, covid-19, corona virus, CARE ActComment

Parental Tax Questions: Claiming Adoption Expenses, the Child Tax Credit and More

Being a parent or having dependents can make filing taxes a little more complicated, but it also provides some deductions and benefits that are worth exploring.