Resources & Insights from the Castellano-Piatt Accounting Team.
Are You Withholding Enough for Your Taxes
Time for a Checkup: Are You Withholding Enough for Your Taxes? August 18, 2021 As we are now half way through the year, it's a good...
Understanding Tax Terms: Installment Sales
Understanding Tax Terms: Installment Sales August 12, 2021 Installment Sale Defined Generally, you create an installment sale when you...
Get Your Child Tax Credit Payments Now
Get Your Child Tax Credit Payments Now August 10, 2021 For the 2021 tax year, an expanded child tax credit reduces your tax bill by...
Turning Your Hobby Into a Business
Turning Your Hobby Into a Business July 26, 2021 You’ve loved dogs all your life so you decide to start a dog training business....
Small Business IRS Audit Mistakes
Small Business IRS Audit Mistakes July 22, 2021 In late 2020, the IRS announced that it will increase tax audits of small businesses...
Good Debt Vs Bad Debt
Good Debt Vs. Bad Debt July 14, 2021 Good Debt Adds Value Good debt often leads to financial growth, because the product or service...
Ideas to Lower Your 2021 Tax Bill
Five Ideas to Lower Your 2021 Tax Bill July 12, 2021 Now is the time to begin tax planning for your 2021 return. Here are some ideas:...
Forced to Withdraw from Retirement Accounts
Forced to Withdraw from Retirement Accounts? What You Need to Know. June 28, 2021 We're always being reminded to save for retirement...
Know Your Net Worth
Know Your Net Worth June 23, 2021 Knowing your net worth and understanding how it is changing over time is one of the most important...
Hire Your Kids for Tax Savings
Hire Your Kids for Tax Savings June 8, 2021 Summer’s here and most children will be on their long-awaited summer vacation. If you own...
How to Roll with a Continuous 12-Month Forecast
How to Roll with a Continuous 12-Month Forecast June 7, 2021 What is a Rolling Forecast? Rolling forecasts let you continuously plan...
Navigating the New 2021 Child Tax Credit
Navigating the New 2021 Child Tax Credit May 13, 2021 The whirlwind of tax changes just keeps going. Now if you have children 17 or...
Adjust to Pandemic Rule Rollbacks
Adjust to Pandemic Rule Rollbacks May 6, 2021 As things slowly turn back to normal, you need to be ready for the normalizing of the...
Thinking of Selling Your Home?
Thinking of Selling Your Home? Hot Housing Market Requires Tax Knowledge May 26, 2021 With housing prices skyrocketing, more...
What a Large Refund Means
Yikes! You Have a Large Refund May 7, 2021 Let's face it, sometimes knowing you get a refund versus a tax bill is less stressful....
Helping Your Fellow Business Owner
Help Your Fellow Business Owner May 18, 2021 Your firm survived 2020. Now you may be asking yourself when will the economy return to...
The Art of Bill Paying
The Art of Bill Paying May 31, 2021 Here are some ways to get control of your budget and perfect the art of stress-free bill paying....
Income the IRS Can’t Touch
Income the IRS Can't Touch April 20, 2021 1. Tax-free Interest The federal government does not tax municipal bond interest....
Businesses Get More Time to Apply For PPP Loans
Businesses Get More Time to Apply For PPP Loans April 15, 2021 Here's what you need to know about the Paycheck Protection Program...
Defending Fair Market Value
Defending Fair Market Value April 29, 2021 Fair market value (FMV) is the price that property would sell for on the open market. It is...
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