joegormleycpa.com RSS Feed https://joegormleycpa.com/ Take a look at our recent blog posts and client newsletter articles. en-us Mon, 01 Feb 2021 09:00:00 -0600 Mon, 01 Feb 2021 09:00:00 -0600 What's New for 2020 Tax Returns https://www.joegormleycpa.com/newsletter.php#2 Taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns this year. Mon, 01 Feb 2021 09:00:00 -0600 https://www.joegormleycpa.com/newsletter.php#2 Taxable vs. Nontaxable Income https://www.joegormleycpa.com/newsletter.php#5 Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it. Mon, 01 Feb 2021 09:00:00 -0600 https://www.joegormleycpa.com/newsletter.php#5 Tax Filing Season Starts February 12 https://www.joegormleycpa.com/newsletter.php#1 The IRS begins accepting and processing 2020 tax year returns on Friday, February 12, 2021. Mon, 01 Feb 2021 09:00:00 -0600 https://www.joegormleycpa.com/newsletter.php#1 Social Security Benefits and Taxes: The Facts https://www.joegormleycpa.com/newsletter.php#4 Generally, you pay federal income taxes on your Social Security income only if you have other substantial income in addition to your benefits. Mon, 01 Feb 2021 09:00:00 -0600 https://www.joegormleycpa.com/newsletter.php#4 Employer Tax Credit Extended for Payroll Workers https://www.joegormleycpa.com/newsletter.php#3 Extended through June 30, 2020, the Employee Retention Credit helps businesses keep their employees on the payroll - despite the challenges posed by COVID-19. Mon, 01 Feb 2021 09:00:00 -0600 https://www.joegormleycpa.com/newsletter.php#3 The COVID-related Tax Relief Act of 2020 https://www.joegormleycpa.com/newsletter.php#4 The Consolidated Appropriations Act, 2021, which was signed into law on December 27, 2020, contains a number of tax provisions - among them pandemic relief for businesses and individuals. Fri, 01 Jan 2021 09:00:00 -0600 https://www.joegormleycpa.com/newsletter.php#4 Important Tax Changes for Individuals and Businesses https://www.joegormleycpa.com/newsletter.php#1 Each year brings changes to current tax law, and this year is no different. From tax rate schedules to health savings accounts and adoption credits, here's what you need to know. Fri, 01 Jan 2021 09:00:00 -0600 https://www.joegormleycpa.com/newsletter.php#1 Identity Protection PIN Available To All Taxpayers https://www.joegormleycpa.com/newsletter.php#2 Starting in January 2021, the IRS Identity Protection PIN Opt-In Program will be expanded to include all taxpayers who can properly verify their identity. Fri, 01 Jan 2021 09:00:00 -0600 https://www.joegormleycpa.com/newsletter.php#2 Credit Reports: What You Should Know https://www.joegormleycpa.com/newsletter.php#3 Periodically reviewing your credit report is an effective way to prevent credit card fraud and could alert you to signs of identity theft. Fri, 01 Jan 2021 09:00:00 -0600 https://www.joegormleycpa.com/newsletter.php#3 Why Do Small Businesses Need a CPA? https://www.joegormleycpa.com/blog.php?id=50 No matter how big or small, every business needs a tax and financial advisor to ensure that they have their bases covered. Not just any accountant will do, however - your business needs a Certified Public Accountant (CPA). Fri, 15 Nov 2019 09:00:00 -0600 https://www.joegormleycpa.com/blog.php?id=50 Taxes and Small Business Structures: Part 2 https://www.joegormleycpa.com/blog.php?id=49 When preparing to launch a small business, there are a staggering number of factors to consider. One of the most important decisions to make in the early stages is which structure to choose for your small business. Tue, 15 Oct 2019 09:00:00 -0500 https://www.joegormleycpa.com/blog.php?id=49 Taxes and Small Business Structures: Part 1 https://www.joegormleycpa.com/blog.php?id=48 Thinking about starting a small business? Even if you already own a small business, you may be wondering if another business structure could help you save money. Read our blog to learn more! Sun, 15 Sep 2019 09:00:00 -0500 https://www.joegormleycpa.com/blog.php?id=48 3 Useful Tax Saving Tips for Small Businesses https://www.joegormleycpa.com/blog.php?id=47 Tue, 20 Aug 2019 09:00:00 -0500 https://www.joegormleycpa.com/blog.php?id=47 How to Deduct Business-Related Car Expenses https://www.joegormleycpa.com/blog.php?id=46 The professionals at Joseph Gormley, CPA have provided a quick guide on deducting business-related car expenses. Read our blog today! Mon, 29 Jul 2019 09:00:00 -0500 https://www.joegormleycpa.com/blog.php?id=46 5 Best Tax Tips for Startups https://www.joegormleycpa.com/blog.php?id=45 Failing to properly navigate your start-up's taxes can not only result in smaller profit margins, but also steep penalties and other unnecessary risks. See the top five tax tips for startups from the experts at Joseph J. Gormley, CPA. Thu, 20 Jun 2019 09:00:00 -0500 https://www.joegormleycpa.com/blog.php?id=45 Small Business Owner's Guide to Best Utilize Your Tax Refund https://www.joegormleycpa.com/blog.php?id=44 Fri, 17 May 2019 09:00:00 -0500 https://www.joegormleycpa.com/blog.php?id=44 3 Ways To Save On Your Next Tax Bill https://www.joegormleycpa.com/blog.php?id=43 Searching for ways to save on your next tax bill? Check out these 3 tips for saving next tax season. Tue, 30 Apr 2019 09:00:00 -0500 https://www.joegormleycpa.com/blog.php?id=43 Princeton CPA After Your Settlement https://www.joegormleycpa.com/blog.php?id=42 After you receive a legal settlement a smart thing to do is to talk to a certified public accountant. Joseph Gormley is your trusted local CPA in Princeton. Call us today to learn more! Wed, 13 Mar 2019 09:00:00 -0500 https://www.joegormleycpa.com/blog.php?id=42 Tax Preparation in Trenton https://www.joegormleycpa.com/blog.php?id=41 Looking for tax preparation in Trenton? Search no further than Joseph J. Gormley, CPA, serving the greater Trenton area for more than 30 years. Wed, 30 Jan 2019 09:00:00 -0600 https://www.joegormleycpa.com/blog.php?id=41 Tax Planning in Plainsboro https://www.joegormleycpa.com/blog.php?id=38 Searching for tax planning in Plainsboro? Look no further than Joseph J. Gormley, CPA, serving New Jersey for more than 30 years. Wed, 30 Jan 2019 09:00:00 -0600 https://www.joegormleycpa.com/blog.php?id=38 Princeton CPA Joseph Gormley https://www.joegormleycpa.com/blog.php?id=37 Looking for a CPA in Princeton? Look no further than Joseph Gormley, Certified Public Accountant. Highly reviewed and experienced in New Jersey. Tue, 29 Jan 2019 09:00:00 -0600 https://www.joegormleycpa.com/blog.php?id=37 Accountants in West Windsor https://www.joegormleycpa.com/blog.php?id=40 Searching for accountants in West Windsor? Joseph Gormley, CPA, has been serving West Windsor, NJ, for more than 30 years with professional tax preparation and accounting services. Sun, 27 Jan 2019 09:00:00 -0600 https://www.joegormleycpa.com/blog.php?id=40 CPAs in Robbinsville https://www.joegormleycpa.com/blog.php?id=39 Serving New Jersey for more than 30 years, Joseph Gormley, CPA, proudly provides tax preparation and accounting services throughout Robbinsville, Hamilton, and the surrounding areas. Fri, 25 Jan 2019 09:00:00 -0600 https://www.joegormleycpa.com/blog.php?id=39