36 million families will soon receive letters on the expanded Child Tax Credit. Based on their 2019 or 2020 tax returns, they may start receiving a monthly payment. The IRS is still developing tools and resources, but more information can be obtained from the IRS website here. In an effort to protect the safety of our employees and visitors, we have modified our current services.
Our office will staffed M-F 9-5, but with a locked door policy and limited in-person meetings. If you would like to forward documents electronically, please contact us to get access to your document portal website. Or you can always mail your documents to us or contact us for other options. We provide accounting, tax, auditing, trust and estate, and management advisory services to a broad range of clients.
Our client profiles include growing businesses, start-ups, closely-held companies, not-for-profit organizations, and individuals and families. Our business clients represent a wide range of industries including service, construction, real estate, manufacturing, and retail.
Our office will staffed M-F 9-5, but with a locked door policy and limited in-person meetings. If you would like to forward documents electronically, please contact us to get access to your document portal website. Or you can always mail your documents to us or contact us for other options. We provide accounting, tax, auditing, trust and estate, and management advisory services to a broad range of clients.
Our client profiles include growing businesses, start-ups, closely-held companies, not-for-profit organizations, and individuals and families. Our business clients represent a wide range of industries including service, construction, real estate, manufacturing, and retail.
Services
For years, Eichstaedt CPA & Accounting has been providing quality, personalized financial guidance to local individuals and businesses.
Our expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.
Eichstaedt CPA & Accounting is one of the leading firms in and throughout the area.
By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Our expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.
Eichstaedt CPA & Accounting is one of the leading firms in and throughout the area.
By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Eichstaedt CPA & Accounting provides a wide range of services to individuals and businesses in a variety of industries.
At Eichstaedt CPA & Accounting we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Eichstaedt CPA & Accounting, LLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
At Eichstaedt CPA & Accounting we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Eichstaedt CPA & Accounting, LLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
We will start accepting new clients again after that date.
Sorry for the inconvenience.
All communications between our firm and the user are encrypted using the Secure Socket Layer (SSL).
This is the same functionality used by banks and popular e-commerce services for secure communication.
We also store your files encrypted when they are at rest on our servers, adding an additional layer of security.
To protect against data loss, our servers are equipped with technology that automatically mirrors all data in real-time to two separate locations.
Sorry for the inconvenience.
All communications between our firm and the user are encrypted using the Secure Socket Layer (SSL).
This is the same functionality used by banks and popular e-commerce services for secure communication.
We also store your files encrypted when they are at rest on our servers, adding an additional layer of security.
To protect against data loss, our servers are equipped with technology that automatically mirrors all data in real-time to two separate locations.
We are waiting now for updates on when returns can be filed showing this law change.
Other measures including credits and payments to taxpayers are being worked on, but an implementation system is not yet set.
We will keep updating this as we receive official updates.
CARES Act Individual Refund/Rebate--The IRS has not released further information on how they will refund the credit, but right now the maximum credit is $1200 for an individual and $2400 for a married couple plus $500 for each qualifying child.
Other measures including credits and payments to taxpayers are being worked on, but an implementation system is not yet set.
We will keep updating this as we receive official updates.
CARES Act Individual Refund/Rebate--The IRS has not released further information on how they will refund the credit, but right now the maximum credit is $1200 for an individual and $2400 for a married couple plus $500 for each qualifying child.
Have you just started a new business?
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
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