Preparation of federal, state and local tax returns, bookkeeping services and payroll services.

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May 15th.

Dear Clients,

We are already into the second month of the three-month extension of the filing deadline which was granted as a result of the Covid-19 pandemic and I want to touch base with you on a few things.

First of all, we are hoping that everyone continues to be safe and healthy during these extraordinary times. Our business has remained open but, in an effort to respect the social distancing guidelines, we have limited the amount of traffic in our office.  We are fortunate in that we are available to address your questions and prepare your returns.

 

These are very confusing times and I often feel more like a weatherman than a tax accountant. I find myself using terms like “partly”, “mostly”, and “there is a good chance”. When will I get my stimulus check, my unemployment check, my Payroll Protection acknowledgment, are all questions that have been at the forefront these last few weeks.

As you all know by now, we are in unchartered territory.   We will try to stay up to date and help you as best we can but the rules keep changing and the federal and state governments are on overload.

One thing I’m certain of is that there will be more stimulus to this economy. Everything so far has assumed this situation would be remedied by June 30th. That is not going to happen. As of this writing, the House of Representatives passed a 3 Trillion-dollar bill. The Senate will make its changes but you can bet it will happen.

If you have not had your return prepared as of yet, PLEASE do so as soon as possible. If you owe money, it still does not have to be paid until July 15th. You NEED to be up to date with your tax situation in time for the next stimulus payment. Waiting until the last minute could jeopardize the timelines of any additional monies due to you. Knowing where you stand tax wise is key to planning for what comes next.

No matter what happens from here, we will be available throughout the year to do our best to help answer your questions.

Tom

 

TIMELINE FOR IRS STIMULUS CHECKS (for those who will receive paper checks) :

ADJUSTED GROSS INCOME DATE OF MAILING
Less than $10,000 April 24
$10,001 – $20,000 May 1
$20,001 – $30,000 May 8
$30,001 – $40,000 May 15
$40,001 – $50,000 May 22
$50,001 – $60,000 May 29
$60,001 – $70,000 June 5
$70,001 – $80,000 June 12
$80,001 – $90,000 June 19
$90,001 – $100,000 June 26
$100,001 – $110,000 July 3
$110,001 – $120,000 July 10
$120,001 – $130,000 July 17
$130,001- $140,000 July 24
$140,001 – $150,000 July 31
$150,001 – $160,000 August 7
$160,001 – $170,000 August 14
$170,001 – $180,000 August 21
$180,001 – $190,000 August 28
$190,001 – $198,000 Sept. 4
All remaining payments Sept. 11

April 14th, 2020

 

Please be sure to notify us with any questions. We can best be reached by emailing:

Tom: thomaspaolo.ea@gmail.com

Darlene: darlene@tompaolo.com

Phone: 412-885-0580

Fax: 412-885-1399

 

For Coronavirus information: Please click on the “tax and financial tools” tab. Then “Financial Calculators & More” tab and you will find many subjects on the matter.

 

For those of you who have not yet filed taxes for tax year 2019, please do your very best to have your information to us as soon as possible so that we may have them completed by July 15th. With our staff working an additional three months of tax season, we would like the returns completed by then so that we can better concentrate on the year ahead.

 

Finally, please look for additional information throughout the year via your email.

 

Be Well,

Tom

April 6, 2020

 

Although the filing deadline has been delayed until July 15th, 2020,

We are remaining open but are suggesting that you mail or drop off your information until such time it is deemed safe for clients and staff.

We will prepare the returns and notify you when completed or if questions should arise.

 

Please make sure we have your correct email address. There are myriad of tax law changes in the works and I will be posting to the website on a regular basis.

 

Stay Safe!!

 

My Best,

 

Tom

tax returns

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We offer all regular tax services such as federal and state tax returns for personal, corporations, LLCs, partnerships, as well as sales tax and use tax reporting and filing. (more)

bookkeeping

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We offer bookkeeping services to our business clients. The most important management tool for a business is accurate records. (more)

payroll taxes

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Managing the payroll and the related tax implications of your company is a very important service we offer. Federal, state and local laws and tax regulations change constantly. (more)

what makes us special.

Located in the mall at 105 Caste Village since 1983, we have had the privilege to serve our clients for over 32 years. By staying well-informed of the many tax law changes, paying strict attention to detail, keeping a reasonable fee structure and trying our very best, we have succeeded in building our business strictly by word of mouth. We are available throughout the year to help our clients with any tax questions they may have. We do not charge our clients for that advice. This formula has worked for us over the last 30+ years to retain our wonderful client base.