Meet our Tax Preparers

New Decade. New Form W-4.

By Peoples Tax | January 16, 2020

Posted in: Individual Tax IRS Tax Law Updates Tax Planning Tax Tips

There is a new Form W-4 for 2020. We recommend that everyone complete a new one now. First, what is the difference between a W-2 and a W-4? Lots of taxpayers get confused about these two forms. A W-2 is a report compiled by your employer in January,…

Filing Early Can Have it’s Consequences…

By Peoples Tax | January 9, 2020

Posted in: Individual Tax IRS Tax Planning Tax Tips

The holidays are over and the bills are rolling in. Why not file your tax return now and get any refund due to you as soon as possible? Think again. Filing early can have its own complications. First of all, are you sure that you’re due a refund? If…

The Hidden Costs of Doing Your Own Tax Return

By Peoples Tax | January 2, 2020

Posted in: Individual Tax IRS Tax Tips

The first day of tax season will be here in a few weeks! With so many DIY tax software companies out there, it’s easy to think all will be fine preparing your own tax return. After all, the software prompts you from beginning to end. So, what do you have…

There’s Still Time to Act Before Year-end

By Peoples Tax | December 10, 2019

Posted in: Individual Tax Tax Planning Tax Tips

December is here and amid the excitement of holiday planning, parties, decorating and shopping most of us are not thinking about our 2019 tax returns. Taking the time to evaluate your situation now may save you time and money on April 15th. Although the Tax Cuts and Jobs Act (TCJA)…

Do I really need a CPA to prepare my tax return?

By Peoples Tax | October 10, 2019

Posted in: Individual Tax IRS Small Business Tax Tax Planning Tax Tips

This big myth has been around a long time. CPA firms have done an amazing job at promoting their services and convincing taxpayers that they need a CPA to prepare their tax return. While there are many very competent CPAs that specialize in tax preparation, not all CPAs do. Did…

Amended Tax Returns

By Peoples Tax | September 19, 2019

Posted in: Individual Tax Small Business Tax Tax Resolution Tax Tips

What is an amended return? Mistakes happen and tax returns are no exception. Filing an amended tax return corrects information reported previously. This includes making changes to filing status, dependents, or correcting income, credits or deductions. When do I need to complete an amended tax return? If a simple…

Paycheck Checkup

By Peoples Tax | July 12, 2019

Posted in: Individual Tax Tax Law Updates Tax Planning Tax Tips

The IRS has launched a major initiative to encourage all employees to verify that they are having the appropriate amount of federal withholding taxes deducted from their paycheck. In order to use the IRS calculator tool, you will need your most recent pay stub and your most recent tax return.

What to Expect When You Are Extending

By Peoples Tax | April 17, 2017

Posted in: Tax Tips

Caution, late filers! If you’re one of the 40 million taxpayers that have yet to file their taxes, or will file late, the good news is that you can file an extension, but the bad news is that extensions do not prevent you…

Hey Richmond! Have Tax Questions? Ask Us!

By Peoples Tax | April 7, 2017

Posted in: Tax Tips

Unless you’re a professional tax preparer, it’s easy to get confused and frustrated when it comes to filing taxes. Tax preparers take courses and spend a considerable amount of time studying the tax law. They prepare taxes for a living and have experience performing tax preparations for…

What is an Enrolled Agent and Why Is It Important?

By Peoples Tax | March 30, 2017

Posted in: Tax Tips

Have you ever noticed that some tax preparers have the designation EA next to their title? EA stands for Enrolled Agent, the highest designation a tax professional can have. EAs go through rigorous coursework and testing in order to obtain and retain their status. A status that…

Meet our Tax Preparers

New Decade. New Form W-4.

Filing Early Can Have it’s Consequences…

The Hidden Costs of Doing Your Own Tax Return

There’s Still Time to Act Before Year-end

Do I really need a CPA to prepare my tax return?

Amended Tax Returns

Paycheck Checkup

What to Expect When You Are Extending

Hey Richmond! Have Tax Questions? Ask Us!

What is an Enrolled Agent and Why Is It Important?

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