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2025 CTA Summer Newsletter!Download

You know that moment in April when you look at your tax bill and think:“We could’ve done something about this... if we’d only planned earlier.” Well, this is earlier. And if you’re a business owner who’s having a good year so far (or even just a better-than-expected one), now’s the time to stop the silent [...]

Getting Married Soon? Tax Considerations for Newlyweds Article Highlights: Filing Status Deductions New Spouse's Past Liabilities Combining Incomes Healthcare Insurance Spousal IRA Capital Loss Limitations Impact on Parents' Returns Social Security Administration Internal Revenue Service U.S. Postal Service Withholding & Estimated Tax Payments Health Insurance Marketplace You think planning a wedding ceremony is complicated? Wait [...]

April 10 - Report Tips to EmployerIf you are an employee who works for tips and received more than $20 in tips during March, you are required to report them to your employer on IRS Form 4070 no later than April 10. Your employer is required to withhold FICA taxes and income tax withholding for these [...]

Article Highlights: It is time to gather your information for your tax appointment Choosing your alternatives Sales of property Depreciation Where to Begin?  Accuracy Even for Details Marital Status Change Dependents Some Transactions Deserve Special Treatment Sales of Stock or Other Property Gifted or Inherited Property Reinvested Dividends Sale of Home Purchase of a Home [...]

Our annual Coastal Tax Advisors Christmas Party was a wonderful celebration filled with joy and laughter! We indulged in extremely delicious food, shared great conversations, and had an absolute blast playing games together. Wishing everyone a very merry Christmas and a joyful New Year ahead! Enjoy some photographs of our celebration and our office decor! [...]

December 2024 Individual Due Dates December 2 - Time for Year-End Tax PlanningDecember is the month to take final actions that can affect your tax result for 2024. Taxpayers with substantial increases or decreases in income, changes in marital status or dependent status, and those who sold property during 2024 should call for a tax [...]

Hello all! Happy fall and hello winter! Bundle up and enjoy our end of the year newsletter. We include some information about upcoming changes to our business, tips for prepping for the upcoming season and some tidbits about the holidays and our staff!  https://www.canva.com/design/DAGSQspwi_U/ousQg3mG0VIcJtWPIROlpA/view?utm_content=DAGSQspwi_U&utm_campaign=designshare&utm_medium=link2&utm_source=uniquelinks&utlId=h3cf10bd10b

November 12 - Report Tips to EmployerIf you are an employee who works for tips and received more than $20 in tips during October 2024, you are required to report them to your employer on IRS Form 4070 no later than November 12. Your employer is required to withhold FICA taxes and income tax withholding [...]

As business owners barrel toward the quarter-century mark of the 21st century, so, too, do the tools we use to manage our finances. Recently, Intuit announced significant changes to its QuickBooks Desktop offerings, signaling a shift toward more innovative, cloud-based solutions. According to the brand, “After May 31, 2025, your QuickBooks Desktop 2022 software will [...]