Ehlers Accounting & Tax Services PC

Friday July 29th is moving day! We will be closed for business until Monday August 1st. You'll find us in our new Suite #202 first thing Monday morning. Have a great weekend 😊

2021 is coming to an end quickly. Watch your mailbox in January for information from the IRS reporting the amount you received in stimulus money and advance child tax credit payments. You'll need this info when it time to file your taxes.

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ATTENTION LINCOLN BUSINESS OWNERS

The city of Lincoln has announced a new grant available to Small Businesses to assist with 6 months of rent or mortgage payments.

Eligibility Requirements
Businesses must meet the following eligibility criteria:

-Businesses must be for-profit, independently operated businesses. A sole proprietorship may qualify.
-Applicants must have a physical location doing business in the City of Lincoln.
-Businesses must have at least one owner, officer, shareholder, member, or manager residing in Nebraska or have a parent company headquartered in Nebraska.
-Businesses must demonstrate at least a 25% reduction in gross receipts between 2019 and 2020 based on tax returns.
-Businesses must have been in operation prior to February 29, 2020.
-Businesses must provide all necessary documentation.

Application opens 10/18/21

Please go to the following page for more information
https://www.lincoln.ne.gov/City/Mayor/American-Rescue-Plan/Small-Business

Small Business Stabilization Grants Grants are available for small businesses in Lincoln with 50 or fewer employees that experienced revenue loss due to the pandemic. Small businesses may apply for up to $60,000 to pre-pay for up to six months of rent or mortgage payments.

We are hiring!!!

We are in need of a Part Time Accounting/Payroll Associate. The position is 20-30 hours per week with a flexible schedule between the hours of 8:30-5:00 Mon - Fri.

If you are a student in the Accounting or Finance related fields of study looking to gain some hands on work experience, we are willing to train and work around your class schedule.

If you have some bookkeeping/payroll experience and you are looking for something that is flexible enough to work around your other activities, this may be the right fit for you.

Message us for more details and information on how to apply for this position.

Tax ID theft victim? Get a copy of the fraudulent return filed in your name We are heading into the heart of tax filing season. That means it's also prime tax identity theft time. As part of its continuing efforts to fight cyber tax crime, the Internal Revenue Service this week launched a new web page, Identity Theft Central. Among the areas this new IRS.gov section covers....

IRS Warns of Two New Tax Scams The IRS is seeing signs of two new variations of tax-related scams. One involves Social Security numbers related to tax issues and another threatens people with a tax bill from a fictional government agency.

This is a great article about keeping our kids safe from Identity Thieves.

Are Children at Risk of Identity Theft? Are Children at Risk of Identity Theft? Personal Insurance, Life Events, Home Content2​​We typically think of adults as the primary victims of identity theft. After all, they’re the ones who have developed a credit history and have assets attached to their name that people want to take advanta...

Identity Theft can wreak havoc on our lives. Here are some tips to help prevent becoming a victim of identity theft. https://www.ehlersaccounting.com/blog/preventing-identity-theft

https://www.ehlersaccounting.com/blog/higher-education-%E2%80%93-what-it-really-costs

Higher Education – What It Really Costs While alternative education paths are on the rise, a traditional education track is still the most readily available to most high school graduating classes. However, college, professional, and graduate schools are more costly than ever. The cost of higher education surged more than five hundred perc...

We get calls regularly from clients wondering about a "call" they received from the IRS. Those "calls" are typically scammers trying to get your personal information. The IRS will never demand immediate payment and they will not threaten to send the police to arrest you. Check out the tips from the IRS on protecting yourself from scammers.

Tax Tip 2018-102: Here’s how taxpayers can protect themselves from scammers Knowledge is power, especially when it comes to avoiding tax scams. Here’s what taxpayers need to know to determine whether an encounter — in person, over the phone or by email — is an imposter or an actual IRS employee:

This is some great information on how the new child tax credits will work under the Tax Reform Legislation effective for 2018.
https://taxvid.resourcesforclients.com/EYUCVd8rxmM4/spotlight/96-031

Ehlers Accounting & Tax Services PC: Client Videos The New Child Care Tax Credit: Learn how the recent changes to the Child Tax Credit affect you.

https://taxvid.resourcesforclients.com/EYUCVd8rxmM4/96-029

Ehlers Accounting & Tax Services PC: Client Videos The New World of Deductions: What Everyone Needs to Know: How will the new itemized deduction tax changes impact you? Learn how itemized deductions will change in 2018 with the passage of the new tax legislation.

https://taxvid.resourcesforclients.com/EYUCVd8rxmM4/96-028

Ehlers Accounting & Tax Services PC: Client Videos The Tax Cuts & Jobs Act: What You Need to Do Now: Feeling confused about what to do when confronting the new tax laws? Here's a great place to start.

If you are curious about how the Tax Reform Act will affect you, this is a great article that summarizes the major changes nicely.
https://www.ehlersaccounting.com/blog/additional-details-about-tax-reform-act

Additional Details About the Tax Reform Act In last month’s newsletter we presented some general facets of the Tax Cuts and Jobs Act (TCJA). In this article, we will explore some portions of the new bill in greater detail. In general, the law cuts corporate tax rates permanently and individual tax rates temporarily. It permanently removes t...

Ehlers Accounting & Tax Services PC updated their address.

Ehlers Accounting & Tax Services PC updated their website address.

Ehlers Accounting & Tax Services PC updated their information in their About section.