Weekly Update–June 14th 2024: 2024 Estimates Are Due Monday-Time to Focus on BOI Reporting

I know where I was 37 years ago today; Happy Birthday Jessie๐ŸŽ‚; I already texted her birthday wishes from the beach this morning along with a sunrise photo. She had great timing back then too; we had a very special Father’s Day ๐Ÿ•บ๐Ÿผgift๐ŸŽ๐Ÿ‘ผ๐Ÿผ and good reason to celebrate๐ŸŽ†.  This week I have been “sleeping in” a bit and using my walks to add some strength and stretching to my morning…  Read more

Weekly Update–May 24th 2024-Memorial Day 2024; Thank You for Your Service

It’s Friday and the start of Memorial Day Weekend – Reminder that although this weekend may be the unofficial start of the summer for many of us, however, it‘s significance is actually in remembrance and thanks to our brave soldiers and war heroes: Thank You for Your Service!   You are very much appreciated and not forgotten.  Thanks to those who defend our country we are able to go about our lives,…  Read more

Weekly Update–May 17th 2024-Proactive Planning Works in Your Garden๐Ÿ—“๏ธ ๐Ÿชด๐ŸŒผand in Your Office ๐Ÿข

Mother’s day weekend did not disappoint.  Early Saturday morning my friend Edith and I took our annual trip to the Brooklyn Terminal Market for flower and vegetable plant ๐ŸŒผ๐Ÿชดshopping; then stopped in the huge Caribbean supermarket on site where we shopped their amazing spices, rice, flour and grains sold by the pound from large barrels.  At home we prepped the soil and then relaxed for the rest of the weekend……  Read more

Weekly Digest–May 10th 2024-Silver Linings ๐Ÿฉถ๐ŸŒค๏ธ๐ŸŒฆ๏ธ๐ŸŒˆor Reminders of Why ๐ŸŽ“๐Ÿ˜‡๐Ÿ˜„๐Ÿ™Œ๐Ÿป

Congratulations to the new graduates ๐ŸŽ“and their families.  I’ve been hearing about the great trips up to school for celebrations and packing marathons.  I remember those days and how we helped empty the dorm rooms of all that “stuff”.   I am sure more trips and celebrations are planned for this weekend and the rest of May, enjoy! Some weeks and days the weather just doesn’t cooperate but it’s nice to…  Read more

Weekly Update–April 26th 2024 & Our Bags are Packed Again๐Ÿ’ผ๐Ÿงณโœˆ๏ธ๐Ÿ”๏ธ๐Ÿš โ›ท๏ธ๐Ÿ˜Ž

This morning we are headed home after a much needed after tax season vacation; it’s so much easier to pack when all we are adding to our luggage are a few logo tee shirts (heads up NYS they are each under $110 so no additional sales tax is due, but I do check the box each year on my personal tax return to report the recommended sales tax). It’s been…  Read more

Weekly Update- April 19th 2024 & Our Bags are Packed ๐Ÿ’ผ๐Ÿงณโœˆ๏ธ๐Ÿ”๏ธ๐Ÿš โ›ท๏ธ๐Ÿ˜Ž

The April 15th 2023 tax deadline is in my rearview mirror and it’s definitely time to relax, reflect, party and take a much needed vacation. For me that all started Tuesday, with a long walk at sunrise followed by a nap, soak in my whirlpool tub, leisurely bagel brunch and then another nap.  What, no workout, NO, I needed a break from that too.  I am glad I was able…  Read more

Weekly Update–April 12th 2024: Tax Season 2024โœ๏ธ- Last Minute Suggestions โฑ๏ธ๐Ÿ“ƒ

This is the last time (for a while) that I will refer to tax season 2024 in my weekly blog.  We all know that tax season never really ends until the IRS and most states shut down their e-file portals in October, but we can dream.  Every year we say “this has been the worst tax season ever”, and it has been yet again.  Friends and family roll their eyes…  Read more

Weekly Update–April 5th 2024-Tax Season Deadline Countdownโฑ๏ธRemember IT’s Better to Extend Than Amend ๐Ÿ“โœ๏ธ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ

What a difference a day or an hour can make, especially here at the beach. This morning I “slept in”, yes at 7 AM I missed that classic shot of the sun rising out of the ocean on the horizon, but with no wind, no rain, it really did feel like a spring day…. 7 AM this Morning The votes are in; Saturday Morning Sunrise – Favorite of the 4…  Read more

Weekly Update–March 29th 2024-The Unintended Consequences of Independent Dependent Childern๐Ÿšธ๐Ÿ‘ง๐Ÿป๐Ÿ‘ง๐Ÿฝ๐Ÿ‘ฆ๐Ÿป๐Ÿ‘ฆ๐Ÿฝ

It’s tax season and as we accounting professional head into our even crunchier time where we are balancing our time between finalizing those returns which can be completed and those which are being extended, we are spending even more hours sitting at our desks.  I am also spending time balancing on my ” classic balance ball office chair” which I rotate onto from 2 other chairs throughout the day to literally…  Read more

Weekly Update-March 22nd 2024-It’s Spring ๐Ÿƒ๐Ÿ€๐Ÿ•‍๐Ÿฆบ & Time to Organize Your Tax Paperwork โœ๏ธ๐Ÿ“๐Ÿ˜”

We survived the first major tax deadline day of tax season 2024 and were able to celebrate a bit last weekend even with the rain on St. Patrick’s Day.  It’s amazing what some dogs will put up with for a bisket or photo opp.  At least they were able to stay inside and pose for “St Patrick’s Day Dog’s on Parade”… Winston Such a Good Sport Mitchie, Service Dog in…  Read more

Weekly Update–March 15th, 2024: A Perfect Tax Deadline Storm Day โ›ˆ๏ธ or Opportunity to Plan โ˜”๐ŸŒˆ๐Ÿ€

Today is a major deadline day, it’s like a perfect storm for me with a sunny afternoon and mild temperature expected later.  I really wanted to stay out on the beach and continue my walk even though it was overcast at 7AM.  Not gonna happen as today is March 15th, the perfect tax season deadline storm of beautiful weather and several major business, fiduciary/trust and partnership tax return, election, estimated…  Read more

Weekly Update–March 8th, 2024: Not Luck๐Ÿ€ Just Good Tax Minimization Planning as we Enjoy St Partick’s Day Observed Several Times Over๐Ÿ€

It’s Friday morning and I am just back from the beach, where at last the sun was actually visible! It’s positive thoughts that help me through these long days of tax season and starting my day at the beach certainly helps set the pace for the day… Friday Morning & Hereโ€™s the Sun at Last In Rockaway we celebrate St. Patrick’s Day early, this year it was Saturday March 1st,…  Read more

Weekly Update-March 1st 2024: Can I Deduct My Pet on My Tax Return; He Accompanies Me to the Office ๐Ÿถ๐Ÿ•๐Ÿ•‍๐Ÿฆบ๐Ÿฉ

Welcome to March and the count down to spring, hard to believe when we were building snowmen โ›„ just last week.  We at A. Parness Company CPA are deep into tax season 2024, with several tax deadlines happening March 15, which when necessary, may be extended until September.  During our exit appointments we get many similar questions, today I am focusing on “working dogs”.  I am picturing farm dogs herding…  Read more

Weekly Update–February 23rd, 2024โ€“Snow Stormsโ›„โ„๏ธโ„๏ธโ„๏ธSunrises๐ŸŒ… & Farm Animals ๐Ÿ„๐Ÿ๐Ÿซ for a Winter Diversion

Getting caught up on a week that got away? Here’s your weekly digest of some stories relevant to business and the economy. Snow storms during tax season when so many of us work remotely are a beautiful distraction , no effect on work schedules, and fewer cars on the roads.  Even so, I was glad to see that the crews were out continuously cleaning and salting the roads. We do…  Read more

Weekly Update–February 16th, 2024-THE CLOCK IS TICKING- IRS ERC-VD DONโ€™T MISS OUT ๐Ÿ’–๐Ÿซโ„๏ธโ„๏ธโ„๏ธโ›„๐ŸŒ…

Mid-February and tax season is in full swing, but that doesnโ€™t mean we accounting professionals can’t have fun.  This week we celebrated Valentines Day, “played hooky” during a morning snow storm and are looking forward to a three day weekend as we celebrate President’s Day on Monday February 19th by closing the office.  We can always share some beautiful local photo’s and in a few months we will visit in…  Read more

Weekly Update–February 9th, 2024 โ€“ Tip for Protecting Your Issued Check from Mail Theft & Washing ๐ŸŒ…๐Ÿšถ๐Ÿป‍โ™€๏ธ๐Ÿ—ฝ๐Ÿ‘๐ŸŠ๐Ÿ–Š๏ธ๐Ÿ“ฉ

It’s been crazy busy here as we head into the heat of tax season, and, if I have learned anything from prior tax seasons it’s “Take Care of You First” and it will all work out in the end, or if not, starting the day right should set the stage for your mood and your interactions. This week I made a new friend as I started my day with a…  Read more

Weekly Update–February 2nd, 2024 Groundhog Day ๐ŸŒง๏ธโ›…โ˜๏ธ๐ŸŒจ๏ธ

All the talk of Groundhog Day reminded me about the 1993 movie starring Bill Murray, probably a good choice for streaming tonight with a bowl of popcorn.  As I googled the Old Farmer’s Almanac also popped up on my feeds with comments about how people swear by it.  For me I am happy to check the daily and weekly weather forecast and the Rockaway Beach tide charts on my cell phone.  At least…  Read more

Weekly Update–January 26th 2024 โ„๏ธโ˜ƒ๏ธ๐Ÿ›‘๐Ÿ‘“๐Ÿ‘‚๐Ÿฟโœ๏ธ๐Ÿ”‚Digital Assets Reporting Requirements ๐Ÿช™

I have been enjoying my mornings lately, starting with a long walk on the beach with my husband; nice to share the beautiful scenery even in this bitter cold weather, but… he caught the cold/flu that has been going around and was grounded. I went out on my own Saturday morning, it was beautiful, but the frozen snow made it really slippery.  Can I blame him for my slip and…  Read more

Weekly Update-January 19th 2024 โ„๏ธโ›ˆ๏ธโ˜€๏ธโ˜ƒ๏ธ-What to Expect from The Tax Relief for American Families and Workers Act of 2024

What a week of crazy weather and it just started snowing again this morning. I was happy to take advantage of the extra time off on Monday as we celebrated the life and ideas Martin Luther King jr.  A week of cold weather, soup and taxes as we head into our busy time of year.  Last week I mentioned a planned trip to meet a friend for dim sum, it…  Read more

Weekly Update – January 12, 2024 โ›ˆ๏ธโ„๏ธโ˜€๏ธTax Season 2024 Begins!!!!

We are now through the second week of 2024 and some of us have not made it back into the office after the holidays due to the flu, a cold that has been making the rounds or some stormy weather.  I have been “OD”ing on cups of hot tea with honey, lemon and ginger and my homemade chicken soup to help fight this nagging cold.  It seems to be working…  Read more

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