When you file your 2021 tax return during the 2022 tax filing season, you will need to compare: 1) The total amount of the advance Child Tax Credit payments that you received during 2021; with 2) The amount of the Child Tax Credit that you can properly claim on your 2021 tax return. Excess Child Tax Credit Amount: If the …
Discover Ways That A CPA or Financial Planner Can Help You Plan Your Retirement
The sooner you start planning for your retirement, the better off you will be. It is recommended that you start at least saving for retirement, if not planning, as soon as you enter the workforce. Yes, retirement may seem like it’s lightyears away when you are in your early 20s and fresh out of college. As any retiree will …
Tax Scams and How to Protect Yourself
I believe there are many people that have received a phone call or an email from someone impersonating an IRS agent. It seems that this kind of behavior is becoming more common every day. And the fraudsters are getting much better at disguising their efforts. Even the IRS has been informing taxpayers to be aware of the various telephone scams. …
5 Pains of Doing Your Own Payroll
The concept of calculating, preparing, then reporting your company’s payroll can be a daunting task. While there are several reasons to consider outsourcing your payroll, let us explore 5 pains of doing your own payroll: Knowledge: By no means does this mean you are incapable of understanding payroll, but the fact is payroll can be complex in calculation. In addition, …
Multi Factor Authentication, Pain or Protection?
I am sure you are wondering what the heck is Multifactor Authentication?! How am I supposed to know if it is a pain or protection? Multifactor Authentication is a tool you would use to validate your identity when accessing cloud-based resources. Examples of a cloud-based resource would be your online banking, or even your Amazon account. Use of Multifactor Authentication …
What to Expect When You File Your Taxes for 2020
At D.K. Arndt, we are anticipating very limited “in-person” appointments and more discussions over the phone or through video conferences. For your safety and ours, this is a must in order to do our part to help limit the spread of Covid-19. Clients will be getting their information to us by dropping it off, scanning and uploading it to their …
Reasons to hire a CPA to prepare a tax return
As a small business owner, accounting and taxes can take up a lot of time and focus. Wouldn’t you rather hire a professional to prepare for tax-day and spend your energy on your business? Here are a few reasons why working with a CPA make a lot of sense: Getting started on the right foot makes a huge difference. Working …
How is Covid-19 Changing DKA?
Even though year 2020 is one we would rather not repeat, some positive changes have been developed at D.K. Arndt which will make it more convenient for our clients to have their tax and accounting needs met while still keeping social distancing in mind. First, is the access to the personal portal of “NetClient”. This is a secure online portal …
Use of Client Portals
What’s a “client portal”? A client portal (aka NetClient) is simply a secure, online “lockbox” for your information. Once it’s in place, you can access it through our website at www.dkarndtcpa.net, “Client Log In.” Information can be uploaded from you, the client, to us and from us to you. An increased demand for this electronic access has been seen with …
Regular CPA consultation of business financial statements
As a business owner do you know what your bottom line is every month of the year? You should! In many small businesses, the bookkeeping and attention to financial matters takes place at the end of the business day, or tomorrow, or next week or next month. This is a very important part of owning and operating a business that …