Aces & Associates LLC

It’s official! We walked out of the office for the last time and Susan is retired. 🎉🎊

Goodbye with gratitude - We are closing our doors

Goodbye with gratitude It is with heavy hearts and joy that we are letting you know that Susan has decided to retire and thus we are closing our Santa Fe office. For many personal reasons Susan and Amanda both feel they need to take a step back. Susan has had forty-two fulfilling years working with so many of our clients....

Aces & Associates has a fresh new website! 🎉 Check It out now... https://acesassociates.com. Visit us for all your bookkeeping and tax prep needs.

Pay those taxes online.

Tax Tip: Make Estimated and Other Tax Payments Electronically Earlier this year, our Insights and Commentary team asked what tax practitioners needed to know—from tax tips to topics to watch out for—to start the new year off right. This week, we’re publishing some of the best submissions.

Qualifying donations for 2021

At a time when many charitable groups are struggling during the pandemic, the IRS highlights a new provision that allows more people to deduct donations made by 12/31 to qualifying charities on their 2021 federal income tax return. Read: https://go.usa.gov/xeHWD

We will have to have this amount before filing your return in 2022.

If you received advance Child Tax Credit payments, when you file your 2021 tax return, you will need to compare the advance payments that you received during 2021 with the amount of the Child Tax Credit that you can properly claim on your 2021 tax return. The fastest way for you to get your tax refund that will include your Child Tax Credit is by filing electronically and choosing direct deposit.

To for the upcoming tax filing season, click here: www.irs.gov/getready

This is for the teachers....

Eligible teachers can deduct unreimbursed expenses for COVID-19 protective items to stop the spread of COVID-19 in the classroom. A reminder from the : https://go.usa.gov/xASEg