We’re excited to announce that Walker Agency and Launch Consulting have joined forces to become Walker Glantz. This blog will give you the background behind the merger and how things will operate going forward, so you know exactly what this means for you. Walker Agency and Launch Consulting have been working together for many years […]
The Coronavirus Aid, Relief and Economic Security (CARES) Act included several temporary tax changes to help charities, including the special $300 deduction designed especially for people who choose to take the standard deduction. Under this new change, individual taxpayers can claim an “above-the-line” deduction of up to $300 for cash donations made to qualifying tax-exempt […]
What is the payroll tax holiday? In early August, President Trump issued an executive order allowing a payroll tax holiday for employees’ portion of the social security tax. The effective date of the order was September 1, 2020. What are my options as an employer or as an employee? Option 1: Employers can opt-out of […]
You may have noticed that things are looking a little different for Amy Walker, CPA. That’s because… *drum roll* we are no longer Amy Walker, CPA. We’re proud to introduce you to Walker Agency – a new name and a new look to match the vision and values we hold to as a firm. As […]
Ever wonder how you could add pleasure to your business travels and still deduct expenses incurred come tax time? I’ve put together a two-part blog on Typically, travel domestically and travel outside the U.S. are treated the same for tax purposes.
Recently, I had a client ask what expenses they should be keeping records of when making upgrades to their principal residence. While explaining https://www.irs.gov/pub/irs-pdf/p523.pdf How Selling Your Home Can Impact Your Taxes Usually, profits you earn are taxable. However, if you sell your home, you may not have to pay taxes on the money you […]
Back to School? Learn about Tax Credits for Education If you pay for college in 2016, you may receive some tax savings on your federal tax return, even if you’re studying outside of the U.S. Both the American Opportunity Tax Credit and the Lifetime Learning Credit may reduce the amount of tax you owe, but […]
There were a number of important tax developments in the fourth quarter of 2017. The following is a summary of important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what […]