Schrotenboer Tax and Accounting

Important info:There is a new requirement for all owners of LLC's and corporations to declare their ownership of such. Its called a Beneficial Ownership Report (BOIR). This has to be done by January 1, 2025. Here is the link to make the filing:
https://boiefiling.fincen.gov/

Tax season is coming very soon. Request an appointment time by messaging us or give us a call at 616-940-1045.

Accountants – Financial – CommunityVotes Grand Rapids 2022 Official 2022 Community Voting Awards Platform for Grand Rapids, MI. Where the community votes for their favourites every year.

Reminder that the last day to drop off your taxes is April 1 to have them done by the due date.

Looking forward to tax season. If you are a returning client you will be receiving a letter soon reminding you to make an appointment. Always welcoming new clients as well.

Taxes are due May 17. If you haven't filed yet please call us at 940-1045 to make an appointment. We will be taking drop offs until May 7.

Many of you who received unemployment benefits have already filed your tax returns. The bill that recently passed ruled that the first $10,200 of those benefits are now not taxable. The IRS is telling people not to amend those returns. This article is saying they will process the refunds automatically.

$10,200 unemployment tax break: IRS plans to automatically process refunds The IRS plans to automatically process refunds for people who paid taxes on unemployment income before the American Rescue Plan made a portion tax-free.

The IRS announced that it will not be able to accept returns until February 12. If you were planning on making your appointment before then you should still do so. We will complete your return and make sure it is ready to file right away on the 12th.

Check the status of your stimulus payment:

Economic Impact Payments | Internal Revenue Service We’re committed to helping you get your economic impact, or stimulus, payment as soon as possible. See if you are eligible for an Economic Impact Payment.

Update on new stimulus checks.

https://www.washingtonpost.com/us-policy/2020/12/20/stimulus-congress/

The office is closed until December 7. See you soon.

Working at home due to Covid-19? If you normally work in Grand Rapids but are a non-resident of Grand Rapids your employer is probably still withholding city tax from your paycheck. Keep track of how many days you actually worked in Grand Rapids and how many days you worked at home to get a city tax refund.