Beka Harrison, CPA Bookkeeping & Tax Services

The IRS has released the official date to start accepting tax returns. You probably don’t have to wait if you are working with a CPA or tax preparer. A lot of the software programs allow us to submit them and they are held in a queue until the 29th and then they’ll automatically be submitted to the IRS.

, if you didn't take your Required Minimum Distribution (RMD) yet and you wanted to help a qualified exempt organization, has a great idea for you. Make a qualified charitable distribution from your IRA to satisfy your RMD for 2023. You avoid the penalty for not taking the withdrawal and your favorite exempt organization benefits.

Find out how at: https://ow.ly/Mg0M50QkKWm

As we get to the end of the year make sure any employers, banks, financial advisors, etc have your correct address to send your W-2 or 1099’s.

The IRS has announced that victims of the severe storms and tornadoes in AR on March 31, 2023, now have until July 31, 2023 to file individual and business returns and make tax payments.

You should still file an extension for your returns. This is only for Cross, Lonoke, and Pulaski County.

It is likely that you will receive a late filing or late payment penalty notice from the IRS. The taxpayer should call the telephone number on the notice to have the IRS abate the penalty.

We’re getting close to the due date. If you need help with your return, give me a call.

is a refundable credit – that means if you qualify and claim it, you could pay less in taxes or get a bigger refund. Check your eligibility today at www.irs.gov/eitcassistant

It is getting more and more common for people to have a small side gig to help out.

Earn income from on-demand work through an app or website? If so, you may be part or the gig or sharing economy. An reminder that you must report income earned from gig work even if it’s part-time or a side gig. This income must also be reported even if it was not reported on an information return such as Forms W-2 or other statements.

To learn how to manage taxes for your gig work visit: www.irs.gov/gig

Taxes are coming soon. If you or your friends need help with your return give me a call!

If you or anyone you know, are needing help with your taxes, tax planning, bookkeeping, payroll, or setting up a new business give me a shout because I’d love to help you out!

It’s that time of year. From a small return to a large complex return, I can do it all! I’d love to help make sure you get back everything you are owed. Give me a call or message me and let’s get started!

MrBeast is the most-subscribed-to YouTube personality in the world, with 112 million.

His earnings, already the highest of any social media creator, are set to double in 2022 to as much as $110 million.

https://trib.al/WmRKyL2

Quote of the day.

Even if you don’t itemize for Federal, in some cases, you can still itemize for your State return.

has announced tax inflation adjustments for tax year 2023. People will see a significant increase in standard deductions in 2023. See: http://ow.ly/ufe750LfUzx

No one likes to think about accidents and death, but anything can happen to us at any moment.

If you were injured and could no longer run your business or you were to pass away, is your business taken care of?

I can help you protect your business for the unknown.