Category Archives: General Interest

COVID 19 – Florida Small Business Emergency Bridge Loan (EBL) Program

Florida Small Business Emergency Bridge Loan (EBL) Program Managed by: Florida Department of Economic Opportunity (DEO). Application period: March 17, 2020 through May 8, 2020. Application period is also contingent upon fund availability. Eligibility: Small business owner with two to … Continue reading

Posted in Covid-19, General Interest | Tagged , | Leave a comment

SBA Economic Injury Disaster Loans (EIDL)

Our whole nation is a declared disaster area. Structures are still standing and the power is on. But the financial fallout is everywhere. An SBA Economic Injury Disaster Loan could provide the necessary working capital to help your business survive … Continue reading

Posted in Covid-19, General Interest | Tagged , , | Leave a comment

Keeping Track…of expenses. The first of a two-part series.

There are so many things we keep track of on a daily basis: bank balances, dogs, kids, and how much gas is in the tank.  But if you’re a business owner, you’re also tracking expenses. There’s two ways to dress … Continue reading

Posted in Accounting, General Interest | Tagged , | Leave a comment

Timely Mailed = Timely Filed…Or Does It?

Last week we introduced the Mailbox Rule. This week we tell a tale of how serious it is when “timely mailed = timely filed” meets “he said-she said”. This is a story, sad but true. Many years ago in 2005, … Continue reading

Posted in Court Cases, General Interest, IRS, Supreme Court, Tax Court, Taxes | Leave a comment

The Mailbox Rule

Taxpayers mail all sorts of things other than tax returns. There are other information returns, petitions, and payments, all of which are crucially important to arrive at the IRS on time. Taxpayers use USPS, DHL, FedEx and UPS. Taxpayers drop … Continue reading

Posted in General Interest, IRS | Leave a comment

We Are, After All, IRS Customers

The IRS as usual is patting its own back on how great they did customer service-wise during the 2019 tax season. The National Taxpayer Advocate (NTA) recently released its Annual Report to Congress and as is every year the reviews … Continue reading

Posted in General Interest, IRS | Leave a comment

Self-employed Plans – SEP IRAs and SIMPLE

Series. Part 3 of 4. Self-employed Plans: SEP IRA and SIMPLE. We have talked about retirement vehicles: Traditional & Roth IRAs. Last week we talked about a garage they can be parked in: Employer-provided retirement plans. In this second to … Continue reading

Posted in General Interest, Individual Taxes, Retirement Planning, Taxes | Leave a comment

Step by Step – The 2020 W-4

Updated 12/17/19. The Tax Cuts and Jobs Act, enacted in late December of 2017, wreaked havoc on Form W-4, Employee’s Withholding Allowance Certificate. The TCJA radically changed employee withholding by doubling the standard deduction, modifying tax rates and tax brackets, … Continue reading

Posted in General Interest, Individual Taxes | Tagged , , | Leave a comment

“Voluntary Compliance” My (fill in the blank)!

Here’s what’s up! America needs tax compliance to pay government’s bills. In all seriousness, voluntary compliance is a principle that we will cooperate with the tax system by filing honest and accurate annual returns and receive excellent customer service along … Continue reading

Posted in Business Taxes, General Interest, Individual Taxes, IRS, Taxes | Tagged , , , | Comments Off on “Voluntary Compliance” My (fill in the blank)!

Happy New Year

The Holidays are officially over. Welcome to this week’s blog: Happy New Year REINFORCING THE BASICS. All of us at McAtee & Associates wish all of you a Happy New Year filled with all the joys and successes, fun and … Continue reading

Posted in General Interest, Holiday | Tagged , | Comments Off on Happy New Year