Keith Boyer CPA's Blog

Topics and tips about accounting, taxes, business to personal finance and more!

2020 Tax extensions you should know about

The coronavirus pandemic has led the IRS to extend important tax deadlines in 2020. This is the first time in my recent memory that the IRS has extended the filing date, so it's important to plan accordingly and take advantage of it!Here is what you need to know:July 15 is the new April 15The usual April 15 tax deadline has now been autom...
Continue reading
  2 Hits
2 Hits

How will the IRS treat your Venmo payments to and from your business?

The convenience of Venmo and payment-to-payment apps like Zelle, Chase QuickPay, and Cash App have many businesses, both large and small, using the application to make and receive payments for services and or products. What is Venmo?Venmo is a mobile payment app that allows you to send money from your phone directly to recipients. The app, owned by...
Continue reading
  28578 Hits
28578 Hits

Find out if you qualify for the 2020 IRS recovery rebate check.

The Senate unanimously passed a $2 trillion dollar stimulus deal also known as the CARES ACT late last night. The highlight of this package deal includes individual rebate checks to many Americans. The biggest questions now are 1. How will it work? and 2. When should I expect to receive my check?How much money will I receive?The Senate stimulus bil...
Continue reading
  1871 Hits
1871 Hits

Important changes to your tax filings and payments due to Coronavirus

Extension Date for Tax Filings and Payments On Friday, March 20, 2020, U.S. Secretary of Treasury Steven Mnuchin announced the extension of tax payments to July 15th, 2020. With this postponement, you will not accrue any interest or deal with penalties on tax payments until July 16th.The postponement of payment is up to $1 million for individuals a...
Continue reading
  584 Hits
584 Hits
SCROLL TO TOP