First State CPAs and Associates

4 hours ago

𝗪𝗵𝗲𝗻 𝘀𝗵𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝗮𝗻 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁 𝗱𝗼 𝘆𝗼𝘂𝗿 𝘁𝗮𝘅𝗲𝘀?

It’s worth bringing in a professional if your situation includes things like:
• Starting a side hustle or becoming self-employed
• Buying or selling a home
• Owning rental property
• Receiving stock options or RSUs
• Trading cryptocurrency
• Living or working in more than one state
• Receiving trust or estate distributions
• Having multiple 1099s, K-1s, or investment accounts

At that point, your tax return stops being simple.

By filing on your own, you risk missing credits or deductions, overpaying the IRS, or getting penalties from filing mistakes.

And because a tax preparer's goal is planning and strategy, the savings they find often make their fee more than worth it.

If you're in any of the categories above, now is the time to get your return handled properly. ... See MoreSee Less

First State CPAs and Associates

1 day ago

S corp and partnership owners, 𝗠𝗮𝗿𝗰𝗵 𝟭𝟲 𝗶𝘀 𝗹𝗲𝘀𝘀 𝘁𝗵𝗮𝗻 𝘁𝘄𝗼 𝘄𝗲𝗲𝗸𝘀 𝗮𝘄𝗮𝘆.

Let's do a quick check-in:
• Have you scheduled a filing appointment with your tax professional?
• Do you have all of your tax forms gathered in one place?
• Are your deduction records organized and ready?

If your answer to these is “not yet,” you need to start thinking about filing an extension.

Just remember: An extension gives you more time to file. Not more time to pay.

If taxes are owed, the payment is still due by the original deadline.

Take a look at your schedule and carve out a little time in the next few days for this. We're here to help you get the extension process started. ... See MoreSee Less

First State CPAs and Associates

2 days ago

Most people are naturally one or the other.

Your habits around money don’t just affect your personal life. They impact your taxes, cash flow, and business growth too.

So tell us… which one are you? ... See MoreSee Less