Justin Smith CPA
2022 Year-End Tax Planning
With 2022 quickly coming to an end, the time has come to prepare for the upcoming tax filing season and consider any last-minute moves to...
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Justin Smith CPA
Certified Public Accountant
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Justin Smith CPA
- Jan 31, 2021
- 3 min
Tax Season Kicks Off
The 2017 Tax Cuts & Jobs Act (TCJA) is still in effect for 2020 returns, but a flurry of legislation will make your tax returns a little...
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Justin Smith CPA
- Nov 29, 2020
- 3 min
It’s time for year-end tax planning
With 2020 nearly over, it is time to prepare for filing your taxes and consider several items to prepare for the upcoming filing season....
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Justin Smith CPA
- Apr 29, 2020
- 3 min
Get your federal stimulus and your PPP loan forgiven
The Internal Revenue Services has issued more than 88 million Economic Impact Payments (EIP) totaling approximately $158 billion since it...
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Justin Smith CPA
- Apr 29, 2020
- 2 min
Small Businesses Count on the Paycheck Protection Program
The Small Business Administration (SBA) announced last week that it had exhausted its $349 billion authorization for the Payroll...
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Justin Smith CPA
- Apr 29, 2020
- 3 min
What to do if you have a tax bill
Most taxpayers know by now the Internal Revenue Service has provided an automatic filing and payment extension to July 15 for this year....
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Justin Smith CPA
- Feb 23, 2020
- 2 min
Tax Code Favors Homeowners
The real estate market continues to be incredibly hot, with Lee County placing 2nd only behind Baldwin County for the fastest growing...
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Justin Smith CPA
- Feb 23, 2020
- 2 min
Key Documents to Maximize your 2019 Refund
The 2020 tax filing season has opened! The Internal Revenue Service expects more than 150 million returns will be filed this year, and...
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Justin Smith CPA
- Feb 23, 2020
- 3 min
Key Tax Deductions for This Year's Returns
The 2019 standard deduction increased to $12,200 for single filers, $18,350 for heads of household and $24,400 for married filers. The...
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Justin Smith CPA
- Feb 23, 2020
- 2 min
Tax Credits Boost Your Refund
Tax credits are different, and often more valuable, than tax deductions because they are actual reductions in your income tax due. For...
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Justin Smith CPA
- Jan 28, 2020
- 2 min
Individual mandate is gone; the new deal with Form W-4
The 2017 Tax Cuts & Jobs Act repealed the penalty for not having medical insurance all year (the “individual mandate”), but it did not go...
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Justin Smith CPA
- Jan 14, 2020
- 3 min
Your child should invest in a Roth IRA
Parents desire to leave their children better off than they were themselves. That simple wish has long been part of the American dream....
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Justin Smith CPA
- Dec 7, 2019
- 2 min
Year End Tax Planning Tips and Information
With 2019 nearly over, it’s time to prepare for filing your taxes. Let’s look at a number of tax tips that you should keep in mind before...
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Justin Smith CPA
- Mar 31, 2019
- 2 min
How you should handle large tax bills
No one likes to hear they have a large tax bill due at the end of the year. As an accountant, I do not look forward to communicating...
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Justin Smith CPA
- Mar 31, 2019
- 2 min
How will you spend your tax refund?
The Internal Revenue Service reported that 67.7 million individual tax returns have been filed through March 8. Of those, approximately...
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Justin Smith CPA
- Mar 17, 2019
- 2 min
Tax considerations for landlords and homeowners
More and more people are finally selling their formerly underwater rental homes or upgrading to their dream forever home as the economy...
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Justin Smith CPA
- Feb 16, 2019
- 2 min
Bring these files when you are ready to complete your taxes
Tax season is now underway, and most people know the fastest method to obtain your tax refund is to e-file with direct deposit. However,...
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Justin Smith CPA
- Feb 8, 2019
- 2 min
TCJA Changes Form 1040 and your 2018 Tax Return
The sweeping changes from the 2017 Tax Cuts And Jobs Act (TCJA) is only now affecting many taxpayers’ returns. While rates were reduced...
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Justin Smith CPA
- Feb 2, 2019
- 2 min
TCJA Changes Form 1040 and your 2018 Tax Return
The sweeping changes from the 2017 Tax Cuts And Jobs Act (TCJA) is only now affecting many taxpayers’ returns. While rates were reduced...
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Justin Smith CPA
- Jan 26, 2019
- 2 min
Crucial tax deductions for 2019
The 2017 Tax Cuts & Jobs Act (TCJA) nearly doubled the standard deduction to $12,000 for single filers, $18,000 for heads of household...
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