recent blog posts

IRS Changes Tax Filing Day From April 15th to May 17th

18.03.2021 / by Peters & Associates Staff / 0 comments

WASHINGTON — The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will…

Coronavirus Relief Bill

27.03.2020 / by Peters & Associates Staff / 0 comments

The Congress has passed a $2 trillion coronavirus relief bill intended to keep businesses and individuals afloat during this unprecedented time when most of America is on hold. The bill is being sent to the President for his signature. The…

Tax Filing Deadline Extended

27.03.2020 / by Peters & Associates Staff / 0 comments

The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020,…

COVID-19 Client Meetings and Document Sharing Update

19.03.2020 / by Peters & Associates Staff / 0 comments

At Peters & Associates, CPAs, P.C. the health and safety of our clients, our staff, and our communities is our top priority. We are taking appropriate precautions and have implemented a plan for continuing operations within the Centers for Disease…

November Investment Newsletter

24.11.2019 / by Peters & Associates Staff / 0 comments

Financial Planning November Newsletter Due to increased client interest in financial planning, I continue to provide quarterly updates on the investments I recommend. View the complete report here Read More Here

June Client Bulletin

20.06.2019 / by Peters & Associates Staff / 0 comments

Mid-Year Tax Planning Year-end tax planning is on the agenda for many taxpayers, with good reason. That said, you don’t have to wait for November or December to make astute moves. Planning in June or July can lead to tax…

May Client Bulletin

20.05.2019 / by Peters & Associates Staff / 0 comments

Using The 0% Tax Rate Generally, profits from selling assets such as securities and real estate held in taxable accounts are classed as long-term if the holding period was longer than one year. Read More Here

April Client Bulletin

20.04.2019 / by Peters & Associates Staff / 0 comments

The Standard Deduction’s Double Standard The 2019 “tax season,” during which most 2018 tax returns are prepared, will soon peak at the April 15 deadline. One key trend is that more people are taking the standard deduction, which has increased…

March Client Bulletin

31.03.2019 / by Peters & Associates Staff / 0 comments

The New Math of Municipal Bonds Stock market volatility has some investors thinking about putting some money into bonds, which historically have offered relatively stable prices. One key decision facing bond market investors is whether to choose regular, taxable bonds…

February Investment Newsletter

30.03.2019 / by Peters & Associates Staff / 0 comments

Due to increased client interest in financial planning, I continue to provide quarterly updates on the investments I recommend. View the complete report here  

February Client Bulletin

14.03.2019 / by Peters & Associates Staff / 0 comments

Putting Stock Market Volatility in Perspective As of this writing, in late 2018, the U.S. stock market has been extremely volatile. By the time you read this article, in February 2019, stocks may have stabilized, may have risen, or may…

What’s New in 2019

14.02.2019 / by Peters & Associates Staff / 0 comments

        Record Sales: For the year ended August 31, 2018, the firm completed its thirty-third year in business with record revenues. Thanks to referrals and clients’ business expansions, we have enjoyed another successful year. Recent Personnel Additions…

January Client Bulletin

14.01.2019 / by Peters & Associates Staff / 0 comments

Double (and triple) IRA season is here The start of each year might be considered “Double IRA” season. Until mid-April (the 15th, in 2019), you still can make contributions to an IRA for 2018, if you have funds you’d like…

December Client Bulletin

1.12.2018 / by Peters & Associates Staff / 0 comments

The new SALT deduction limits will affect home sales The Tax Cuts and Jobs Act (TCJA) of 2017 sharply raised the standard deduction and placed limits on itemized deductions. In particular, no more than $10,000 can be deducted in state…

November Client Bulletin

1.11.2018 / by Peters & Associates Staff / 0 comments

Year-end Planning Under The New Tax Law The Tax Cuts and Jobs Act of 2017 (TCJA), passed at the end of last year, generally took effect in 2018. Therefore, the fourth quarter of this year provides the first real opportunity for year-end planning under what has…

October Client Bulletin

8.10.2018 / by Peters & Associates Staff / 0 comments

Supreme Court Decision in Wayfair Affects Online Sellers If your company makes sales to out-of state buyers, do you need to collect state sales tax? Until recently, Supreme Court decisions from the 20th century declared that would not necessarily be the case. Example 1: ABC…

September Client Bulletin

8.09.2018 / by Peters & Associates Staff / 0 comments

A Grain of SALT In The New IRS Notice Taxpayers who itemize deductions on Schedule A of their tax return have been able to deduct outlays for state and local income tax as well as property tax with no upper…

August Client Bulletin

31.07.2018 / by Peters & Associates Staff / 0 comments

How The New Tax Law Affects 529 Plans For many years, 529 college savings plans have offered a tax-favored way to save for higher education. Read more here. Due to increased client interest in financial planning, I continue to provide quarterly updates…

July Client Bulletin

31.07.2018 / by Peters & Associates Staff / 0 comments

More Give in the Gift Tax The Tax Cuts and Jobs Act of 2017 increased the federal estate tax exemption to $11.18 million for 2018. That’s per person, so the combined exemption for a married couple can be as much as $22,360,000 worth…

May Investment Newsletter

14.06.2018 / by Peters & Associates Staff / 0 comments

Due to increased client interest in financial planning, I continue to provide quarterly updates on the investments I recommend. View the complete report here  

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