timmccarthycpa.com RSS Feed https://timmccarthycpa.com/ Take a look at our recent blog posts and client newsletter articles. en-us Fri, 01 Oct 2021 09:00:00 -0500 Fri, 01 Oct 2021 09:00:00 -0500 Use These Strategies To Pass on Wealth to Heirs https://www.timmccarthycpa.com/newsletter.php#4 Low interest rates and a volatile stock market create additional opportunities for wealthy individuals to transfer money to heirs tax-free. Fri, 01 Oct 2021 09:00:00 -0500 https://www.timmccarthycpa.com/newsletter.php#4 Small Business: Tips for Ensuring Financial Success https://www.timmccarthycpa.com/newsletter.php#2 Learn how cost accounting helps you make smarter business decisions and lead you to financial success. Fri, 01 Oct 2021 09:00:00 -0500 https://www.timmccarthycpa.com/newsletter.php#2 Marginal vs. Effective Tax Rates https://www.timmccarthycpa.com/newsletter.php#1 Understanding marginal and effective tax rates is important for tax planning purposes, but many taxpayers don't fully understand the difference. Fri, 01 Oct 2021 09:00:00 -0500 https://www.timmccarthycpa.com/newsletter.php#1 If You Receive an IRS Letter or Notice https://www.timmccarthycpa.com/newsletter.php#5 The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Fri, 01 Oct 2021 09:00:00 -0500 https://www.timmccarthycpa.com/newsletter.php#5 Defer Capital Gains Using Like-Kind Exchanges https://www.timmccarthycpa.com/newsletter.php#3 If real estate's your game, did you know that it's possible to defer capital gains by taking advantage of a Section 1031 exchange that allows you to swap investment property on a tax-deferred basis? Fri, 01 Oct 2021 09:00:00 -0500 https://www.timmccarthycpa.com/newsletter.php#3 Latest IRS Headache: 11 Million "Math Error" Notices https://www.timmccarthycpa.com/blog.php?id=26 Thu, 09 Sep 2021 09:00:00 -0500 https://www.timmccarthycpa.com/blog.php?id=26 What Is a Designated Roth Account? https://www.timmccarthycpa.com/newsletter.php#2 If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 https://www.timmccarthycpa.com/newsletter.php#2 Verifying Your Identity When Calling the IRS https://www.timmccarthycpa.com/newsletter.php#4 If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 https://www.timmccarthycpa.com/newsletter.php#4 Tax Rules for Divorce and Alimony Payments https://www.timmccarthycpa.com/newsletter.php#5 Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 https://www.timmccarthycpa.com/newsletter.php#5 Tax Relief for Those Affected by Natural Disasters https://www.timmccarthycpa.com/newsletter.php#1 Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 https://www.timmccarthycpa.com/newsletter.php#1 Six Things To Know Before You Start a Business https://www.timmccarthycpa.com/newsletter.php#3 Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500 https://www.timmccarthycpa.com/newsletter.php#3 Money in the Bank https://www.timmccarthycpa.com/blog.php?id=25 Info from the IRS regarding the Advance Child Tax Credit Deposits Thu, 15 Jul 2021 09:00:00 -0500 https://www.timmccarthycpa.com/blog.php?id=25 Fourth of July Weekend https://www.timmccarthycpa.com/blog.php?id=24 Holiday Observance Tue, 29 Jun 2021 09:00:00 -0500 https://www.timmccarthycpa.com/blog.php?id=24 POST ELECTION DAY...ALMOST https://www.timmccarthycpa.com/blog.php?id=23 Post Election Day Insight Wed, 04 Nov 2020 09:00:00 -0600 https://www.timmccarthycpa.com/blog.php?id=23 How's Your FICO Score? https://www.timmccarthycpa.com/blog.php?id=22 We are starting a "mini blog" called: You Ask, We Answer. Have a question? We have answers. Wed, 10 Jun 2020 09:00:00 -0500 https://www.timmccarthycpa.com/blog.php?id=22 Can I Deduct My Expenses for My Home Office Because of COVID? https://www.timmccarthycpa.com/blog.php?id=21 We are starting a "mini blog" called: You Ask, We Answer. Have a question? We have answers. Mon, 08 Jun 2020 09:00:00 -0500 https://www.timmccarthycpa.com/blog.php?id=21 Are My Home Schooling Expenses Deductible? https://www.timmccarthycpa.com/blog.php?id=20 We are starting a "mini blog" called: You Ask, We Answer. Have a question? We have answers. Thu, 04 Jun 2020 09:00:00 -0500 https://www.timmccarthycpa.com/blog.php?id=20 How Do I Document My PPP? https://www.timmccarthycpa.com/blog.php?id=18 We're here to help you keep your small business running during these times! Here's my advice. Fri, 29 May 2020 09:00:00 -0500 https://www.timmccarthycpa.com/blog.php?id=18 Clean Eating under COVID Quarantine https://www.timmccarthycpa.com/blog.php?id=19 My recommendation for you: Terry Walters & Clean Cooking. Fri, 29 May 2020 09:00:00 -0500 https://www.timmccarthycpa.com/blog.php?id=19 IRS Allows Changes to Health Coverage https://www.timmccarthycpa.com/blog.php?id=17 Wed, 13 May 2020 09:00:00 -0500 https://www.timmccarthycpa.com/blog.php?id=17 Happy Birthday to Our Firm! https://www.timmccarthycpa.com/blog.php?id=16 As we celebrate the firm's thirty-second birthday we thought it would be a good time to take a trip down memory lane and reflect on our journey so far. Wed, 24 Jul 2019 09:00:00 -0500 https://www.timmccarthycpa.com/blog.php?id=16 Fun Facts About Funding Your IRA https://www.timmccarthycpa.com/blog.php?id=15 Fri, 22 Feb 2019 09:00:00 -0600 https://www.timmccarthycpa.com/blog.php?id=15 Document Retention Guidelines https://www.timmccarthycpa.com/blog.php?id=14 Fri, 22 Feb 2019 09:00:00 -0600 https://www.timmccarthycpa.com/blog.php?id=14 Tax Identity Theft Awareness https://www.timmccarthycpa.com/blog.php?id=13 Wed, 06 Feb 2019 09:00:00 -0600 https://www.timmccarthycpa.com/blog.php?id=13 Mentoring Matters https://www.timmccarthycpa.com/blog.php?id=12 Tue, 29 Jan 2019 09:00:00 -0600 https://www.timmccarthycpa.com/blog.php?id=12 New Year's Resolutions https://www.timmccarthycpa.com/blog.php?id=11 Fri, 11 Jan 2019 09:00:00 -0600 https://www.timmccarthycpa.com/blog.php?id=11 New York City Marathon Newsletter https://www.timmccarthycpa.com/blog.php?id=10 Mon, 03 Dec 2018 09:00:00 -0600 https://www.timmccarthycpa.com/blog.php?id=10 Fireside Chat Newsletter https://www.timmccarthycpa.com/blog.php?id=9 Mon, 03 Dec 2018 09:00:00 -0600 https://www.timmccarthycpa.com/blog.php?id=9 Life Insurance for Quality Life Assurance https://www.timmccarthycpa.com/blog.php?id=7 Wed, 14 Nov 2018 09:00:00 -0600 https://www.timmccarthycpa.com/blog.php?id=7