Rob Cordasco CPA continues to provide thought leadership and guidance in the world of tax. Check out Rob’s most recent interview with TIME on what you should know going into Monday. You can also check out Rob’s additional commentary in his Arizona Republic interview on last minute tax tips. […]
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Check out Rob Cordasco’s most recent interview through YahooFinance on the common mistakes people make when filing for extensions. Follow Rob through his website as he continues to provide thought leadership in tax and the accounting industry. Also, check out Cordasco & Company for up to the minute tax developments and strategies. […]
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Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. However, there are tax implications due to your changed personal and professional circumstances. Depending on your situation, the tax aspects can be complex and […]
Read More… from Lost your job? Learn the tax aspects of an employee termination
As a thought leader in the industry, Rob Cordasco weighed in on the current state of tax season and the profession. Check out his most recent interview in Accounting Today. […]
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take care of for you. But in addition to the credit itself, be aware that the credit also has two features […]
Read More… from How To apply for the research tax credit against payroll taxes?
Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they can help you save for retirement on a tax-favored basis. Here’s an overview. Traditional IRAs You can make an annual deductible contribution to a traditional IRA if: You (and your […]
If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way to lower it. If you’re eligible, you can make a deductible contribution to a traditional IRA right up until the April 18, 2022, filing date and benefit from the tax […]
Read More… from There still may be time to cut your tax bill with an IRA
If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects of your venture. Here are eight important issues to consider: 1. You report income and expenses on Schedule C of Form 1040. The net income is taxable to you regardless […]
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If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim all of the tax deductions to which you’re entitled. And you want to make sure you can defend the amounts […]
Read More… from Meticulous Record Keeping is the Key to Painless IRS Audits
If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2021 income tax return? It depends. The requirements To prove a […]
Read More… from Did You Give to Charity in 2021? You Must Have Substantiation
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