Deadline Alert: Claim Your St. Louis City Earnings Tax Refund
With just a few weeks remaining until the September 30 deadline, time is running out for St. Louis remote workers to claim their earnings tax…
Can You Deduct Business Travel Expenses? Here’s the Latest
Traveling for business? Don’t miss out on potential tax savings. Understanding the current rules for deducting out-of-town business expenses is key to maximizing your tax…
Accounting | News | Tax
Smith Patrick CPAs: A Place Where You Can Grow, Thrive, and Enjoy the Ride
At Smith Patrick CPAs, we’re not just looking for another accountant—we’re looking for you. Located in the heart of Webster Groves, a charming slice of…
Feeling the Pinch of Tuition? These Tax Credits Might Be Your New Best Friend
Paying for education might feel like trying to empty the ocean with a teaspoon, but there’s a bright spot on the horizon: education tax credits….
Renting to Relatives: 5 Tax Tips Every Homeowner Should Know
Renting a home to a family member can be a practical solution for both parties involved, but it comes with unique tax considerations. Whether you…
Remote Workers: Court Ruling Could Mean Tax Refunds on 1% St. Louis City Earnings Tax
Hey St. Louisians, if you worked from home during the pandemic, you might be in for a pleasant surprise. A recent Missouri Court of Appeals…
The Newlywed Tax Guide: Steps to Take After Saying “I Do”
Wedding cake? Check. Honeymoon? Unforgettable. First tax season as a married couple? Uh-oh. Fear not, lovebirds, this guide has got you covered. Let’s turn those…
Why Selling Your Home to a Relative Might Cost You More Than You Think
Everyone loves a good tax break. It’s natural to look for ways to save on taxes, especially when it involves significant transactions like property sales….
Sunshine and Savings: Summer Activities That Impact Your Taxes
Summer is here, bringing sunshine, beach trips, and—surprisingly—tax considerations! As you enjoy the sunshine and plan your activities, remember that certain summer choices—from saying ‘I…
Accounting | Consulting | Tax
Tax Checklist for Closing Your Business
If you’ve decided to close a business, it’s important to take care of your Federal tax obligations. Company owners can mistakenly think that because the…
The DEA Agrees to Reclassify Marijuana: What It Means and What Comes Next
Historic Shift in Federal Policy After over fifty years of federal prohibition, the Drug Enforcement Administration’s (DEA) proposal to reclassify marijuana from Schedule I to…
Is It Really the IRS? Tips to Verify Authentic Contact
Have you ever questioned whether a message or call supposedly from the IRS was legitimate? In the age of increasing tax scams, knowing the hallmarks…
Missed the Tax Deadline? Here’s What You Can Do Now
So, the tax deadline has come and gone, and there you are, still with an unfiled tax return. It happens to the best of us!…
From Cradles to Credits: Unraveling Tax Perks for Proud New Parents
Welcoming a new baby into your family is like embarking on an adventure filled with firsts: the first smile, the first word, and, yes, even…
Green Incentives Unpacked: A Straightforward Guide to Your Energy Tax Breaks
Curious about the buzz around tax breaks for eco-friendly upgrades to your home or vehicle? The Inflation Reduction Act of 2022 (IRA) rolls out numerous…
Bitcoin, NFTs, and Crypto Crashes: Understanding the Tax Implications
In the fast-paced world of digital currencies, staying informed about the latest tax obligations is more important than ever. With cryptocurrencies becoming increasingly integrated into…
How to Choose a Tax Preparer: Your Guide to Making the Right Decision
As tax season approaches, the task of selecting a reliable tax preparer becomes crucial. The Internal Revenue Service (IRS) emphasizes the importance of choosing a…
Setting the Stage for a Smooth Tax Season
Preparing for Your 2023 Tax Returns & Planning Ahead for 2024 As we step into 2024, the annual ritual of preparing tax returns is upon…
Limited Partnerships: A Smart Choice for Your New Business Endeavor
Control Meets Collaboration with a Strategic Advantage for Entrepreneurs and Investors When starting a new business venture, choosing the right structure is a decision that…
How Kiddie Tax Rules Affect You
Are you exploring ways to optimize your family’s tax situation? Transferring assets to your children might seem like a straightforward strategy for tax savings, but…
Smart Tax Moves: How to Save More When Filing Your Taxes
As the time to file your 2023 tax returns inches closer, it’s crucial to arm yourself with strategies that can save you money. Whether you’re…
Making the Most of Your Flexible Spending Account
As the year draws to a close, it’s crucial to take a strategic approach to your Flexible Spending Account (FSA). With the IRS announcing a…
Harnessing the Power of Year-End Tax Planning
As we approach the end of the year, it’s crucial to focus on tax planning to ensure financial efficiency and compliance. This article explores essential…
Innovative Giving: Exploring the Flexibility of Donor-Advised Funds
Secure Your Tax Benefit Now and Guide Charitable Efforts Tomorrow Making a large charitable donation can be both a generous gesture and a strategic financial…