Blog

SD Voyager Article: Meet Lynn and Alexandra of MWA

SD Voyager just posted an article about McRea Woodson & Associates and Accounting Made Easy. Learn more about us on their website here! http://sdvoyager.com/interview/meet-lynn-mcrea-woodson-alexandra-mcgraw-mcrea-woodson-associates-inc-la-mesa/

The New Business Deduction: Stop worrying and start preparing

A new deduction is available to businesses with qualified business income (QBI). While that’s great news, new deductions (especially ones with lots of rules) can bring anxiety and confusion. Never fear! Ensuring you receive a maximum deduction will come down to providing the proper information. Here is some knowledge to help you cut through the […]

It’s Your Money. Get it Back NOW!

According to Credit Karma, over $40 BILLION of unclaimed property is currently being held by state governments. That’s a staggering amount of money — enough to buy half of the National Football League franchises. Not included in that figure is property sitting with federal agencies and other organizations. So what exactly is unclaimed property and […]

Retirement Contributions Get a Boost in 2019

For the first time since 2013, the IRS is raising the contributions limits for IRAs. The maximum contribution for 401(k) accounts and IRAs is increasing by $500 for 2019. If you have not already done so, now is the time to plan for contributions into your retirement accounts in 2019. Check out the tables below […]

6 Last-Second Money-Saving Tax Moves

As 2018 winds down, there is still time to reduce your potential tax obligation. Here are some ideas to make your 2018 tax return less of a burden on your wallet: Accelerate expenses. Individual taxpayers are on the cash basis for income tax purposes. This means your income is taxable when you receive it and expenses […]

Year-End Tax Planning Ideas – Part 2

As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next.  We have compiled a checklist of actions that may help you save tax dollars if you act before year-end. Not all actions will apply […]

Year-End Tax Planning Ideas – Part 1

As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next.  We have compiled a checklist of actions that may help you save tax dollars if you act before year-end. Not all actions will apply […]

Twelve Common Snags to Finalizing Your Tax Return – Part 2

Last week we gave you the first half of a list of items that are often overlooked that cause trouble in filing a timely tax return.  Here’s the second half of the list! Name mismatch – If you’ve recently married or divorced, make sure your last name on your tax return matches the one on […]

1099 Filing Requirements

Another year has come to an end and we would like to take the time to remind you of Form 1099 reporting requirements and changes to filing deadlines. Certain payments made in the course of business are required to be reported on the appropriate Form 1099.  The type of 1099 filed depends on the type […]

Twelve Common Snags to Finalizing Your Tax Return – Part 1

The goal for every taxpayer is to have their return filed quickly and without error.  Here’s the first half of a handy list of items that are often overlooked and can cause all sorts of delays. Review your tax return and return your signed eFile forms – Your tax returns can’t be filed until you […]