Bigapplecpa

We offer monthly accounting, tax planning, and outsourced CFO services to business owners in all 50 states.

05/26/2023

Big Apple Accounting has a fun tax fact to share with you.

05/25/2023

Here are the June 2023 Business Due Dates

June 2023 Business Due Dates

You May Be Able to Minimize the Tax on Your Social Security Benefits and the Cost of Your Medicare Benefits

05/25/2023

The amount of your Social Security benefits that are taxable (if any) depends on your total income and marital status. Planning strategies, such as deferring income or tailoring IRA distributions to minimize tax, can lessen the overall tax on some individuals' Social Security benefits. Also, the amount you pay for Medicare is based upon your income two years prior.

You May Be Able to Minimize the Tax on Your Social Security Benefits and the Cost of Your Medicare Benefits Whether your Social Security benefits are taxable (and, if so, the amount that is taxed) depends on several issues including filing status and income. In addition, the amount that is withheld from your Social Security benefits to pay for your Medicare premiums is similarly determined.

05/24/2023

Here are the June 2023 Individual Due Dates

June 2023 Individual Due Dates

05/24/2023

Get inspired. Some Wednesday Wisdom from NEW YORK based Big Apple Accounting

Did You Overlook Something on a Prior Tax Return?

05/23/2023

It is not uncommon to discover that an item of income was overlooked, a deduction was not claimed, or that an amended tax document was received after a tax return was already filed. Regardless of whether the oversight will result in more tax due or a refund, it should not be dismissed and an amended tax return should be filed.

Did You Overlook Something on a Prior Tax Return? It is not uncommon to discover that an item of income was overlooked, a deduction was not claimed, or that an amended tax document was received after the tax return was already filed. Regardless of whether the oversight will result in more tax due or a refund, it should not be dismissed.

05/22/2023

Watch out for unscrupulous tax preparers and tax fraud promoters. Taxpayers should use only reputable tax professionals and know what is on their tax returns.