Blog
Some Often Overlooked Tax Breaks
Maicher CPA Pllc is skilled at helping clients find tax breaks. This includes those that are sometimes overlooked. What are some significant examples? Child/Dependent Care Credit While parents work or search for work, the child/dependent care tax credit applies to the following expenses for a child (those generally under 13): (a) education expenses related […]
Some Key Terms for Understanding Your 2023 Tax Return
The deadline for filing individual, 2023, tax returns is right around the corner – April 18. Maicher CPA Pllc prepares returns and provides strategies for reducing clients’ tax obligations. The tax code, however, is filled with numerous key, though often obscure terms, essential to understanding these strategies. What are some of the terms? Above-the-Line Deductions. […]
Deducting the Business Use of Vehicles in 2023
At Maicher CPA Pllc, we provide comprehensive tax services to help businesses and individuals reduce taxes by maximizing deductions. One common deduction covers the business use of vehicles. The 2023 tax year marks an increase in the standard mileage rate for this deduction. What are the parameters of the standard deduction? What are the parameters […]
Key Documents and Information Your Tax Preparer Needs
At Maicher CPA Pllc, we provide a full range of tax services to individuals and businesses, including the preparation of tax returns. The deadline for filing returns for tax year 2022 is April 18, 2023. Timely and complete delivery of your key tax documents and related information to Maicher will help ensure an accurate […]
Important Developments Concerning 2023 Tax Laws
At Maicher CPA Pllc, we provide a full range of tax services to help clients, including small business owners, reduce taxes. The 2023 tax year is just days away and the new year ushers in some important developments concerning the tax laws. What are some of the key ones? STANDARD DEDUCTION: The standard deduction […]
Potential 2022 Year End Tax Moves
At Maicher CPA Pllc, we provide a full range of tax services to individuals and businesses. The end of the 2022, tax year is fast upon us and now is the time to consider possible year-end tax moves including, for example: Review Your Paycheck’s Tax Withholding. Has your income increased? Newly married or divorced? […]
Tips for Reducing Your Taxes in 2022
At Maicher CPA Pllc, we provide a full range of tax preparation services to help businesses and individuals succeed. Intelligent tax strategies can reduce your tax bill. Below are several tips. Adjust Your Withholding/Estimated Tax Payments. If you are an employee and you had a large tax bill in 2021, adjust your W-4 […]
Unable to Timely Pay IRS Taxes? What Are Your Options?
Maicher CPA Pllc provides tax services to individuals and businesses. The IRS expects taxpayers to pay timely their taxes. To ensure compliance, the IRS is empowered to impose interest/penalties on unpaid taxes along with seizing taxpayer’s wages, bank accounts, real estate and other assets. Yet, sometimes taxpayers cannot pay timely because of serious setbacks largely […]
Mixing Business with Pleasure: What Travel Expenses Are Deductible?
Maicher CPA Pllc provides a full range of tax preparation services to help businesses and individuals succeed. Reducing your tax bill by maximizing deductions is a primary objective at Maicher. Many of us have upcoming travel plans this summer and certain expenses resulting from business are clearly deductible. Deductions, however, get far more complicated […]
How to Respond to an IRS Audit Notice
An IRS audit is an examination of taxpayers’ returns to verify the accuracy of information such as deductions and the reported tax. Selection can be random as well as by computer screening. The audit process commences with an IRS notice to the taxpayer. Audits are unwieldy for many taxpayers and a misstep can cause unproductive […]