Newsletter

DiSabatino CPA Blog

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...

A monthly newsletter produced by the firm of DiSabatino, CPA providing tax saving, business and financial strategies geared towards helping our clients.

April 2015 DiSabatino CPA Newsletter

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In this issue:

  • 1913 Form 1040 Quiz
    How well do you know tax history?  
  • Is an Extension a Good Idea?  
  • Is There a Better Use for Your Bank Funds?  

This month:

  • April 15th:
    Tax Returns Due
  • Check April 15th:
    1st Quarter 2015 estimated tax payments due

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March 2015 DiSabatino CPA Newsletter

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In this issue:

  • Is a Reverse Mortgage the Solution?
  • IRS Announces Annual Scams
  • Tax Breaks for Education
  • Common Missing Tax Return Items

This month:

  • March 8th: Daylight Savings Time Begins
  • March 16th: Due Date for 1120, 1120S Corp. Tax Returns

This month's issue outlines the benefits and risks of reverse mortgages, includes a recap of all too common IRS tax scams, reviews some common educational benefits and provides a list of "frequently missing" information that can often hold up filing your tax return.

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February 2015 DiSabatino CPA Newsletter

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In this issue:

  • There is still time for Retirement Funding
  • Maximizing Your Refund Power
  • So You Think You are Hip
  • The Benefits of a Sole Proprietor

The Month of February:

  • Receive all 1099s and W-2s
  • Set up Tax Appointment
  • Rebalance Investment Portfolios
  • February 14th: Valentines Day
  • February 16th: Presidents Day
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January 2015 DiSabatino CPA Newsletter

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 In this issue:

  • Extender Bill Passes
  • Peer-to-peer Lending Goes Public
  • 2015 Standard Mileage Rates
  • Getting Organized for 2014 Tax Filing

The Month of January:

  • January 15th:
    • 4th quarter estimated tax payment due
  • Action Items:
    • Start gathering 2014 tax information
    • Review 2015 W-2 withholdings
    • Set 2015 financial goals

 


With the flip of a switch, a number of tax provisions that expired at the end of 2013 are now back on for 2014 tax returns. Outlined this month is a list of the more common laws that have been extended for 2014, but are off once again in 2015. Also included are the mileage rates for use in 2015, a general interest article describing the increasingly popular peer-to-peer lending phenomena, and a quick recap of things to consider as you start gathering your 2014 tax records.

Should you wish to review your situation please feel free to call. Also feel free to forward this newsletter to someone who may benefit from this information.

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December 2014 DiSabatino CPA Newsletter

news-headerIn this issue:

  • Last-Minute Tax Moves - There's still time
  • Remember the Nanny Tax - Do you have a household employee?
  • Word of the Year - Are you current with the New English?
  • The Extension that Never Ends

The Month of December:

    Take final year-end actions:
    • Gifts
    • Capital gains/losses
    • Charitable giving
    • Dividend income
    December 24th: Last day of Chanukah
    December 25th: Christmas Day
    December 26th: Kwanzaa Begins
    January 15th: 4th Quarter Estimated Payments Due


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November 2014 DiSabatino CPA Newsletter

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In this issue:

 

  • Don't Make this Mistake
    Caution with car donations
  • Holiday Budgeting Ideas
  • Time for a Credit Checkup?
  • Breaking News:
    2015 Pension Contribution Limits

 

The Month of November:

  •    Conduct Year-End Tax Planning
  •    November 27th - Thanksgiving
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October 2014 DiSabatino CPA Newsletter

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In this issue:

  • Preview of Some Key 2015 Tax Figures
  • A Cheaper Hotel Stay
  • Business Use of your Home
  • A tax deduction under your nose?
  • No Such Thing as a Free Lunch?

The Month of May:October 1st:

  •     October 1st:  SIMPLE IRA plan establishment due
  •     October 15th:  Extension tax return filing deadline
  •     October 31st:  Halloween
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September 2014 DiSabatino CPA Newsletter

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In this issue:

  • IRS Telephone Scams on The Rise
  • Make Lists: Save Money
  • When to Notify the Healthcare Marketplace
  • Avoid a Premium Tax Credit bill at the end of 2014
  • Is it Time to Step in?
  • Aging and help with financial matters

The Month of May:

  • September 1st: Labor Day
  • September 15st: 3rd Quarter Estimated Tax Due
  • October 1st: SIMPLE IRA plan establishment due

 School bells are ringing once again as summer draws to a close. This month's newsletter covers an array of topics from the recent warning of increased telephone scams by the IRS to helping identify when it is time to help parents with their financial management. Also included are circumstances when you need to make changes to your Healthcare Marketplace account and how to use the creation of lists to save money.

As always, should you know of someone who may benefit from this information please feel free to forward this newsletter to them.

IRS Telephone Scams on The Rise

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August 2014 DiSabatino CPA Newsletter

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In this issue:

  • Tax Benefits of Home Ownership
  • The 3D Printing Phenomenon
  • In the News. IRS Limits Direct Deposit of Refunds
  • Seven Little Money Savings Ideas

The Month of May:

    September 7th: Labor Day


Now that home values are on the rise once more, it makes sense to review the tax benefits of home ownership. Also included this month are simple ideas to save money, a summary of an IRS announcement regarding direct deposit of refunds, and an overview of an interesting 3D printing phenomenon that may impact all of us in the next few years.

As always, should you know of someone who may benefit from this information please feel free to forward this newsletter to them.

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July 2014 DiSabatino CPA Newsletter

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In this issue:

 

  • Prepare for the "Claw Back" Credit
    Is a tax surprise of over $1,000 in your future?
  • Taxpayer Bill of Rights
  • In the News. Student Loan Interest Relief?
  • Ideas to Make Homeownership Affordable

 

The Month of May:

 

  • July 4th: Independence Day

 

 

Happy Independence Day! While we look forward to the fireworks that mark the month, there could be fireworks for millions when the IRS tries to take back health care Premium Tax Credits at the end of the year. If you are using the Health Exchange for your insurance you will want to be aware of this tax risk. There is also news on two other fronts, first the newly announced Taxpayers' Bill of Rights and potential payment relief for those with student loan debt. All this and an article exploring the status of home affordability round out this month's newsletter.

As always, should you know of someone who may benefit from this information please feel free to forward this newsletter to them.

Prepare for the "Claw Back" Credit

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June 2014 DiSabatino CPA Newsletter

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In this issue:

  • The Chances of Being Audited
    2013 audit statistics show changes
  • Alimony in the Spotlight
  • Setting up Your Business
    Accounting System
  • Looking for a Summer Job

The Month of May:

  • June 15th: Father's Day
  • June 16th: 2nd Quarter Estimated Tax Due
  • July 4th: Independence Day

 

With the end of tax filing and the start of summer why not focus on new beginnings? Included in this month's newsletter are some ideas to help find summer employment and some suggestions on the benefits of creating a good accounting system for your small businesses.

Wonder what the IRS has in store for audits? Consider reviewing the article on audit statistics and a new area of focus within the agency on alimony reporting compliance.

Should you know of someone who may benefit from this information please feel free to forward this newsletter to them.

The Chances of Being Audited

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May 2014 DiSabatino CPA Newsletter

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In this issue:

  • Planning: Leverage Kiddie Tax Rules
  • 2015 Health Care Savings (HSA) Account Limits Announced
  • Virtual Currency is Property per IRS
  • Check your Credit ...Change your Passwords

The Month of May:

  • May 11th:
  • Mother's Day
  • May 26th:
  • Memorial Day

With the 2013 Tax filing season behind us, the 2014 tax planning season is just beginning. Included this month are two areas where advanced planning can reduce your tax bill. There is also an update from the IRS on the tax treatment of virtual currencies like Bitcoin for those of you using or contemplating their use. A checklist of ideas on how to improve security of your identity rounds out this month's newsletter.

Should you know of someone who may benefit from this information please feel free to forward this newsletter to them.

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April 2014 DiSabatino CPA Newsletter

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In this issue:

  • Tax Quiz
  • How well do you know tax facts?
  • Kids Say the Darndest Things
  • But the impact today can be far-reaching
  • Why's Everybody Picking on Me?


In the News:

  • Severance Pay is Subject to Employment Taxes

For the month of April:

    April 15th: Tax Returns Due
    April 15th: 1st Quarter 2014 estimated tax payments due

appy tax filing month. To help celebrate, this month's newsletter includes a fun tax quiz. In addition, there are articles outlining state revenue department's new strategy of harassing out-of-state businesses to collect their sales/use tax for them and an article outlining the risks children can place on parents with their internet behavior.

Should you know of someone who may benefit from this information please feel free to forward this newsletter to them.

Tax Quiz

How well do you know tax facts?
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March 2014 Newsletter

  • IRS Announces Annual Scams
  • New IRS2GO Mobile App Announced
  • Are You Doing Your Bit?
  • Understanding the Bitcoin phenomena
  • Missing the Flow-through Deadline
  • The penalty that does not fit the crime
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February 2014 Newsletter

DiSabatino CPA

Phone: 805-389-7300 •  Fax: 805-435-7498 • This email address is being protected from spambots. You need JavaScript enabled to view it.www.SharpCPA.com

FEBRAURY 2014 Client Newsletter

  • Leasing Versus Buying A Car
  • Knowing the tricks makes you a better buyer
  • Children's Online Privacy Gets a Boost
  • Estate & Gift Tax Update
  • Key 2014 Tax Information
  • 2014 Mileage Rates
  • Receive all 1099s and W-2s
  • Set up Tax Appointment
  • Rebalance Investment Portfolios
  • February 14th: Valentines Day
  • February 17th: President's Day
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January 2014 Newsletter

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Phone: 805-389-7300 • Fax: 805-435-7498 • This email address is being protected from spambots. You need JavaScript enabled to view it.www.SharpCPA.com

January 2014 Monthly Client Newsletter

This Month:

  • January 15th:
  • 4th Quarter Estimated Payments Due
  • Action Items:
  • Start gathering 2013 tax information
  • Review 2014 W-2
  • Set 2014 financial goals
  • Dividend income

In This Issue:

  • These Oft-extended Tax Provisions are Now Gone
  • Crowdfunding: Using the Internet to Raise Funds
  • Five Ideas for a Better 2014
  • Health Insurance Penalty Starts Now Time to be thinking about health insurance
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December 2013 Newsletter

DiSabatino CPA

Phone: 805-389-7300 • Fax: 805-435-7498 • This email address is being protected from spambots. You need JavaScript enabled to view it.www.SharpCPA.com

 
December 2013 Monthly Client Newsletter

This Month:

  • Take final year-end actions:
    • Gifts
    • Capital gains/losses
    • Charitable giving
    • Dividend income
  • December 5th:
  • Last day of Chanukah
  • December 25th:
  • Christmas Day
  • December 26th:
  • Kwanzaa Begins
  • January 15th:
  • 4th Quarter Estimated Payments Due
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