by the Storen Team | Mar 16, 2020 | Taxes, Updates
**UPDATED 3/18/20: Our offices will be closed for in-person appointments from March 23 – April 5th, with a plan to resume on April 6th. Also, please note that the tax deadline has been extended to July 15th (Click here to read more information about this). Our...
by the Storen Team | Feb 4, 2020 | Resources, Taxes
Last month the tax professionals at Storen Financial met to prepare for the 2019 tax season. Over the two day retreat we focused on new tax laws, forms, and other changes as well as reviewed common issues that affect Storen clients from year to year. Every year we...
by the Storen Team | Jan 28, 2020 | Resources, Taxes
Our beloved Congress has done it again. In the latest Budget Bill that was signed on December 20, 2019, a number of tax incentives that had expired at the end of 2017 have been brought back. Not only brought back but made retroactive to January 1, 2018. This will...
by the Storen Team | Jan 15, 2020 | Businesses, Resources for Businesses, Taxes
We want to bring to your attention new compliance requirements from the IRS for S-Corporation shareholders. The IRS will now begin to audit shareholder basis statements. In 2020, they will begin to send audit letters to all shareholders who do not attach a basis...
by the Storen Team | Dec 10, 2019 | Businesses, Resources for Businesses, Taxes
Common this time of year you will many want to reward your employees with a holiday bonus. This will recap how to remain compliant with the IRS and still be able to bring holiday cheer to your hard working employees. All cash bonuses are considered compensation, so...
by the Storen Team | Dec 5, 2019 | Businesses, Resources, Resources for Businesses, Taxes
A few weeks ago, I was able to attend the annual National Tax Conference held in Washington DC for tax practitioners sponsored by the National CPA Association (AICPA). It is always a great conference with helpful information for us to better able to service you as our...
