Yarmak & Co., CPAs

Overall, your taxes are almost certainly going to be more complicated if you have "gig work" that you are accounting for.

The Tax Consequences of Gig Work Overall, your taxes are almost certainly going to be more complicated if you have

Get inspired. Some Wednesday Wisdom from Hartland based Boyer & Goodman CPA

There are still steps that you can take today to save money on your taxes in the event that you've been laid off. Learn more.

Ways To Save on Your Taxes If You are Laid Off There are still steps that you can take today to save money on your taxes in the event that you've been laid off.

It seems hard to believe, but the holiday season is almost upon us, and that means that the 2022 tax preparation season will soon follow. Tax-savvy individuals need to take some time from their busy schedules to review the tax benefit steps they've already taken and see what else they need to do. Now is the time to ensure that you've taken advantage of all the tax-saving strategies available to you.

Year End Tax Planning Issues Year-end is rapidly approaching as are the holidays. So before you become distracted with the seasonal celebrations, it may be in your best interest to consider year-end tax moves that can benefit you for both 2022 and 2023.

Just as was true with starting a business, closing a small business brings with it some essential tax implications that you need to be aware of in the coming year.

The Tax Consequences of Closing Your Small Business

A little inspiration from YARMAK & CO. CPA to start your week.

Your Saturday from Hartland based YARMAK & CO. CPA.

According to one recent study, there is a 96% chance that the United States will experience some form of economic recession within the next 12 months. Learn more.

Steps Your Business Can Take to Survive a Recession

Here's your tax fact of the week from your friends at YARMAK & CO. CPA.

Taxpayers aged 72 and over are required to take a required minimum distribution from their retirement plans each year or face a substantial penalty. December 31 is the last day to take the distribution for 2022.

Time is Running Out to Take Your 2022 RMD Required Minimum Distributions (RMD) are required taxable distributions from qualified retirement plans and are commonly associated with traditional IRAs, but they also apply to 401(k)s and SEP IRAs. The tax code does not allow taxpayers to indefinitely keep funds in their qualified retirement plans...

Here is some midweek Wednesday Wisdom inspiration from your friends at YARMAK & CO. CPA

It's been a rough Fall for the stock market. So much so that you should probably carefully review your portfolio and other capital transactions to minimize gain or maximize losses. Remember capital gains and losses are not just limited to stock transactions. So you may want to consider other capital transactions during the year that would result in a gain that can be offset with stock losses.

Managing Gains and Losses in a Turbulent Year It's been a rough Fall for the stock market. So much so that you should probably carefully review your portfolio and other capital transactions to minimize gain or maximize losses for the year. Remember, capital gains and losses are not just limited to stock transactions. For example, stock losses c...

YARMAK & CO. CPA has the motivation you need to get going this Monday.

Let�s keep the weekend rolling. from YARMAK & CO. CPA

Learn about taxes from your friends at Hartland based YARMAK & CO. CPA.

Have you seen those ads on television or received email solicitations promoting a large tax credit? The large tax credit they are referring to is the employee retention tax credit (ERTC). You should be cautious that you legitimately qualify for the credit as the IRS is on the lookout for abuses.

IRS Plans On Targeting Abusive ERTC Claims Have you seen those ads on television or received email solicitations promoting a large tax credit? The large tax credit they are referring to is the employee retention tax credit (ERTC). The ERTC is a government-sponsored program to keep workers employed during 2020 and 2021 because of the COVID pa...

It matters how you get there. Wednesday Wisdom from YARMAK & CO. CPA

Some people ignore or put off planning for their future retirement needs. Although the retirement phase of your life may seem to be far in the future, if you want to retire comfortably, you should start planning for it now and the amount you can put away has increased dramatically as of 2023.

IRS Unveils Retirement Plans Inflation Adjustments for 2023 Are you ignoring your future retirement needs? That tends to happen when you are younger, retirement is far in the future, and you believe you have plenty of time to save for it. Some people ignore the issue until late in life and then have to scramble at the last minute to fund their retirement. Ot...

Start your week on the right foot with Monday Motivation from YARMAK & CO. CPA

Work Life: Can your work be both financially rewarding and fulfilling? Viewpoint via

How to find a job that energizes (rather than drains) you If you have to work, it might as well be fulfilling.

YARMAK & CO. CPA - Some Saturday business knowledge for our friends and colleagues.

Here are the November 2022 Business Due Dates

November 2022 Business Due Dates

As the country emerges from the COVID pandemic and supply chain issues, along with the fallout from the war in Ukraine, the country has been experiencing high inflation rates that negatively impact the cost of everyday living, including food, gas for your vehicle, utilities and more. But there is one shining light: tax-related inflation adjustments that will benefit most taxpayers.

Inflation Reduces Income Tax As the country emerges from the COVID pandemic and supply chain issues, along with the fallout from the war in Ukraine, the country has been experiencing high inflation rates that negatively impact the cost of everyday living, including food, gas for your vehicle, utilities and more.

Here are the November 2022 Individual Due Dates

November 2022 Individual Due Dates

EV Tax Credits: Without changes to the regulations, Munoz said the company's vehicles would likely not be eligible for U.S. EV credits until early 2026. Full story via

South Korea, U.S. in 'intense conversation' over EV tax credits, ambassador says Officials are discussing "several possible options" to correct what South Korea believes to be unfair policies, ambassador Cho Tae-yong said.

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