As your wealth and assets grow, your finances become more complex. It’s a challenge to keep up account management, financial records, and ever-changing tax regulations, and you shouldn’t have to face it alone.
That’s why it’s wise to hire a trusted certified public accountant (CPA) to help you with your finances. A CPA is a financial advisor who can assist you in creating a strategic plan...
Date: Aug 04, 2020 Posted By: Miller & Company LLP in Personal Taxes
In the wake of the COVID-19 pandemic, many individuals who are approaching retirement age are opting to delay their retirement. Depending on your current financial standing, staying in the workforce for an extra year or more could be a good idea that can pay off in the long-run.
Reasons to consider delaying retirement
1. It gives you more time to plan out and minimize your future expenses....
Date: Jul 29, 2020 Posted By: Miller & Company LLP in Business Taxes
A CPA can be a valuable asset to an individual or business throughout the entire year – not just during tax season. If you’ve never worked with a tax accountants before, it’s essential to understand what your working relationship might entail and how they will handle your finances.
Because you’re trusting your CPA with sensitive personal and business financial information, you don...
Date: Jul 21, 2020 Posted By: Miller & Company LLP in Tax Deductions
If you're fortunate enough to own properties in multiple states, you might be among a group of taxpayers known as part-year residents. Most commonly, these individuals will live in the northern part of the country during the summers, then spend their winters in the south to maximize their opportunity to enjoy the sunshine and warm weather.
While this may be an ideal lifestyle choice for some, h...
Date: Jul 09, 2020 Posted By: Miller & Company LLP in Press
Paul Miller, founder of Miller & Company, joins Yahoo Finance's The First Trade with Alexis Christoforous and Brian Sozzi to discuss the approaching July 15th tax deadline and its implications on Americans, especially those who are in "summer mode."
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Diversity in the business world is more important than ever right now. If your company is at least 51% owned by a woman and/or person of color, you can become a certified minority-owned business. This status can open up some tax incentives and business opportunities that may not be available to you otherwise.
What is a certified minority-owned business?
According to the National Minority Sup...
Date: Jun 23, 2020 Posted By: Miller & Company LLP in Business Taxes
The coronavirus pandemic has left small businesses across the nation struggling to stay afloat and meet their payroll costs. The federal Paycheck Protection Program (PPP) was launched in March 2020 as part of the CARES Act to help business owners keep employees on payroll and off unemployment with a short-term federal loan.
The initial rollout of the program was a bit confusing for small busi...
Date: Jun 16, 2020 Posted By: Miller & Company LLP in Business Taxes
The COVID-19 pandemic forced many businesses to pause or adjust their in-store operations. Now that much of the country is beginning to lift restrictions, these businesses must now figure out how to safely reopen, while trying to recoup the devastating financial losses incurred during the lockdown.
This is no easy task for most business owners, especially those in the restaurant, retail, and pe...
Date: Jun 09, 2020 Posted By: Miller & Company LLP in Business Taxes
By now, every American taxpayer knows that the official IRS tax filing deadline for 2019 returns and tax payments has been pushed back to July 15. This unprecedented three-month extension was the government’s response to the sweeping economic impact of COVID-19, and for many, the postponement has been a much-needed gift. However, struggling businesses may still not be fully prepared to file th...
Date: May 06, 2020 Posted By: Miller & Company LLP in Press
The CARES Act signed into law last month includes six months of relief for most federal student loan borrowers unable to make their payments during the COVID-19 pandemic.
But there are some restrictions for people who may have other types of school loans.
Paul Miller, CPA and founder of Miller and Company LLP, explained PIX11 News the alternate options out there for borrowers not covered by the ...