Davies Allen

You can qualify for ERC (employer retention credit) even if you received PPP loans!

Did your business shutdown (at least partially) by the government due to COVID-19? Did you have significant decreases in revenue in 2020/2021 compared to 2019? You may qualify for an EMPLOYER RETENTION CREDIT Check to see if your business qualifies! #taxtip #taxhelp

Didn't receive your first or second stimulus check? Claim the Recovery Rebate Credit on your 2020 return if you meet the eligible income thresholds. #HappyFriday #TaxTip #Stimulus

Stay organized. The more organized you are the easier it is for you and your tax preparer. Staying organized on a monthly basis with your bookkeeping and tax documents makes it so you can have better and more effective tax planning and a better filing experience. #TaxTip

Did you owe state tax in your previous year return? If you choose to itemize, don't forget to deduct those taxes paid on your current year return. #HappyFriday #TaxTip

Taxpayers who don't itemize can still take an above-the-line deduction for charitable contributions up to $300. #HappyFriday #TaxTip #CharitableContributions #Donations

Deadline for individuals to file and pay federal income taxes are extended to May 17th. An extension to file can be made for Oct. 15th, however you'll still owe any federal taxes on May 17th. You'll want to make a good estimate on what to pay to avoid penalties and interest.

Did you know setting up direct deposit for your refund is more secure and you receive your refund faster? Contact us to see if we have your account information on file. #HappyFriday #TaxTip #TaxRefund

If you are self-employed and use part of your home for business, you may be able to take the Home Office deduction. To qualify, your 'home office' must be a principal place of your business, and it must be used exclusively for business. #HappyFriday #TaxTip #WeCountPeopleFirst

The First Time Home Buyer Exception doesn’t mean it’s your first home, but that you haven’t owned a home as your primary residence within two years prior to buying the new home. #HappyFriday #TaxTip #WeCountPeopleFirst #HomeBuying #FirstTimeHomeBuyer

Did you sell cryptocurrency in 2020 or plan to sell any in 2021? Anytime cryptocurrency is sold or exchanged a taxable event is triggered. Reach out to one of our tax advisors and establish a strategy to minimize your gains. #HappyFriday #WeCountPeopleFirst #Cryptocurrency

Don't make personal purchases with your business's bank account; instead transfer it to your personal account and make the purchase from there. Doing so will make it easier to identify business expenses vs. distributions. #HappyFriday #TaxTip #WeCountPeopleFirst

Just a friendly reminder to our clients, our offices will be closed Thursday, December 24th-25th for Christmas. We will reopen Monday, December 28th. #MerryChristmas

Just a friendly reminder to our clients, our offices will be closed Thursday, November 26th-27th for Thanksgiving. We will re-open Monday, November 30th.

Thinking of donating to a good cause? You may be able to claim a charitable deduction. #TaxTip #HappyFriday

Now that you've survived the great toilet paper shortage of 2020, it's time to start thinking about year-end and tax planning. Give our office a call (801-225-5854) to schedule an appointment to optimize your tax liability. #HappyFriday

Did you know you receive your refund faster when you have direct deposit setup? Contact our office to see if we have your account information on file. #HappyFriday #TaxTips

Just a reminder, 3rd quarter estimated individual tax payments are due by Tuesday, September 15th. Please feel free to contact our office with any questions.

Check out our Davies Allen blog to learn more about Lime Ricki! @limericki daviesallen.com/blog/

Learn more about Sean and Sarah Wilson, Co-Founders of Chip Cookies on the Davies Allen Blog. #ChipCookies #ChocolateChipCookies #Delivery #LateNightDelivery #Cravings #ChipHappens @chipcookiesco