H2R CPA is pleased to provide the following publications for our clients and friends to help you stay informed of the latest tax and financial information.
Tax Pocket Guide 2021
The H2R CPA Tax Pocket Guide 2021 provides a concise chart of the most common tax rates for individuals and businesses. This tax pocket guide is a valuable resource that will help you estimate your 2021 taxes.
Tax Planning Guide 2020
Almost every American has been affected by the Coronavirus pandemic. In addition, every working individual will be affected long-term by the new SECURE Act (Setting Every Community up for Retirement Enhancement).
Many small businesses have been closed and many of those businesses have received PPP (Paycheck Protection Program) Loans. Changes in the PPP legislation will have varying effects on businesses. There is no one size fits all tax strategy.
The H2R CPA Tax Planning Guide 2020 has been updated to reflect the most significant changes in the law and how those changes will affect individuals and businesses.
In addition to year-round pointers, we offer suggestions for incorporating tax-efficient strategies into your long-term plans. By coordinating your tax strategies with your financial strategies, you may accomplish a variety of goals, like growing your business, funding your retirement, and saving for a child’s education.
Together, we can create a plan specifically for you, your business, and your future.
Guide to the SECURE Act
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law in December 2019. It includes policy changes that will impact Individual Retirement Accounts (IRAs), Defined Contribution plans, Defined Benefit plans, and 529 plans. While some of the provisions of the SECURE Act will take several years to go into effect, most changes are effective for taxable years beginning after December 31, 2019.
The H2R CPA Guide to the SECURE Act provides an overview of the essential
details that may have a considerable effect on your retirement and estate planning choices, decisions, and strategies.
Records Retention Schedules for Individuals and Businesses
How long should you keep tax returns, credit card statements, loan documents, and other important paperwork? Whether running a household or a business, it is important to know when it is safe to dispose of financial and legal documents. H2R CPA's Records Retention Schedules for Individuals and Businesses provides a comprehensive listing of documents and how long they should be kept. (Please keep in mind that this information is provided as a general guideline only.)
Starting a New Business in Pennsylvania
Congratulations on starting a new business! This guide provides some key considerations for beginning your new venture. Contact H2R CPA with any accounting, tax, business consulting or payroll questions. We are always here to help.
As a member of the Pennsylvania Institute of Certified Public Accountants (PICPA), H2R CPA is pleased to share the following PICPA publications as a source of quality financial information.