2017 Recap and 2018 Updates……
Happy New Year!
Now that the holiday season is behind us, we are looking towards our favorite season “TAX” season, I wanted to take a few moments to share with you some news and updates. Enjoy!
BABY on the way! – Yes, that’s right CPA is super excited about our first baby! Miranda is expecting in early March. We thought her timing was precious!
2017 Tax Organizers – Email instructions will be going out within the next several days, the organizers and questionnaires will be available in your secure portal as well.
Efilng Date – IRS will begin accepting returns electronically on 1/29/2018 this year. Every year IRS shuts down the efiling system for annual maintenance, returns cannot be electronically filed during the shut down period. We will begin preparing returns prior to this date, so don’t delay sending information if you are ready!
H.R. 1 - Tax Cuts & Jobs Act – aka Tax Reform – What can I say, this is HUGE! As in the largest tax bill passed in 30 years! That’s before I was a CPA. For our non-monthly tax client’s we will be offering to prepare a projection using 2017 figures and applying the tax law changes as we understand them today. IRS has their plate full indeed, with tax season soon underway AND the need to codify these changes into regulations. There are several new provisions, I don’t anticipate full guidance until mid-summer on these items, in particular, the Pass-Through deduction. I will keep you posted as we have more information.
New Staff – Typically we hire extra help for the tax season. This year we will hire a new intern and a veteran tax preparer.
Training – Here at CPA we are constantly working to stay ahead of the technology curve, keeping our accounting skills sharp and work hard to be a knowledgeable resource for our clients. In 2017 our team completed the Advanced QBO Certification Training, an all-day seminar. I was delighted to walk away knowing we are extremely efficient and knowledgeable when it comes to QBO, our team ROCKS! Anais and Vedha also attending QB Connect in San Jose to further increase their knowledgebase in this arena.
Miranda, in 2018, will celebrate her 15 years with the firm (3 with CPA and 12 with Franco). Wow!
Vedha has just celebrated her 1-year anniversary.
Anais has just celebrated her 2-year anniversary.
In closing, I want to personally thank you, our valued clients. We are all looking forward to a smooth 2018 tax season!