April 2, 2020
Here are some key highlights from the CARES Act passed on Friday 3/27/20.
Recovery Rebate Checks
Filing statuses of single or head of household taxpayers will receive $1,200 and filing status of married filing joint taxpayers will receive $2,400 based on their Adjusted Gross Income. There is an additional $500 for each qualifying child.
The rebate check amount will be...
March 25, 2020
To our valued clients,
As of today, the IRS has issued additional guidance on the Federal filing and payment extension and we would like to provide further information as well as a link to the IRS FAQs page.
Contributions to Individual Retirement Accounts (IRAs) including SEP IRA accounts
Because the due date for filing Federal income tax returns has...
March 20, 2020
The President has signed the Families First Coronavirus Act (FFCRA) in an attempt to ease the economic consequences stemming from the COVID-19 outbreak. Among other things, the bill provides family and medical leave and sick leave to employees and offers tax credits to employers and self-employed individuals providing the leave. It becomes effective April 2, 2020 and contains...
March 20, 2020
To our valued clients,
As of today, March 20th, 2020, we are conducting business as usual while taking precautions to keep our staff and clients safe. The Covid-19 virus has caused disruption for everyone, including us. Our hope is to file as many tax returns as we can by April 15th, but as you are well aware, the situation changes daily. Let me reiterate, our...
February 7, 2020
We are pleased to notify you that we have a new team member at Red Fern Advisors & CPA’s, Denise Brenner. Denise brings 20+ years of experience in the not-profit and association management industries. In addition to her prior work with several state and national member organizations, she also previously maintained an independent practice providing consulting and tax...
January 20, 2020
We are happy to announce the next issue of our premium client newsletter—designed just for you! It’s another information-packed issue, so be sure to read every article. Take a look at what’s in store for you…
December 2, 2019
In the last two years we have seen many individual tax changes that may have reduced some deductions, increased others and dramatically changed your tax return. As we near the end of another year we want to remind you of a few tax planning tools available to taxpayers.
Immediate AND long-lasting planning tips:
· If...
August 16, 2019
Now's the time to have a “paycheck checkup”. The IRS is encouraging everyone to use the new Tax Withholding Estimator to perform a quick “paycheck checkup”.
As you know, the Tax Cuts and Jobs Act (TCJA), enacted in December 2017, changed the way tax is calculated for most taxpayers. As a result, some taxpayers ended up receiving 2018 refunds that were larger or...
July 2, 2019
Check out the latest issue of our client magazine now available on our website:
November 16, 2018
Any business that deals with financial data is a target for today’s aggressive cybercriminals…and accounting firms are not exempt. Because of the sensitive information we possess, accounting professionals have moved to the top of the hacker’s hit list. Just consider that a single tax return includes the taxpayer’s name and Social Security Number, as well as address,...
May 8, 2018
Check out the latest issue of our client magazine now available on our website: Go to Client Resources and click on Advantage Magazine in the
February 8, 2018
We are pleased to notify you that we have a new team member at Red Fern Advisors & CPA’s, Kay Nguyen. Kay is originally from Laos, grew up in New England, and currently has made Cincinnati her home. She received her Master in Business Administration, Graduate Certificate in Small Business and Entrepreneurship, and Bachelor in Information Technology from Plymouth State...
January 17, 2018
It's that time again. Forms 1099-MISC for contract workers and rents paid need to be filed by January 31, 2018. If you paid any person or non-incorporated company over $600 for the year 2017 for contract work or rents, please contact us.
Here is a link to help you understand if you need to send Forms 1099-MISC:
January 9, 2018
Check out the latest issue of our client magazine now available on our website: Go to Client Resources and click on Advantage Magazine in the
December 22, 2017
With the upcoming tax changes on the horizon we at Red Fern Advisors & CPAs wanted to reach out to our clients who may benefit from some tax planning prior to the end 2017. The general tax planning strategy for reacting to the upcoming tax changes is to defer income until 2018 and accelerate certain itemized deductions to 2017.
Below are some possible steps you can take...
November 13, 2017
We are pleased to announce the launch of our new website. Not only is our new website aesthetically more pleasing, but the functionality and navigation of the website has improved. You will find the new Client Center Login at the top left of the website – red button “Client Center”. Check out the new features and please reach out to us with any questions or...
September 19, 2017
We are pleased to notify you that we have a new team member at Red Fern Advisors & CPA’s. Samuel (Sam) Morgan, a graduate of the University of Kentucky’s Accounting Department in 2014, comes to us from the tax department of PricewaterhouseCoopers, LLP, where he has worked since 2015. Sam will be working with all our tax and business
April 20, 2017
Thank you for another successful tax season! It's always a pleasure working with all our clients. If we filed an extension for your tax returns, you will hear from us in the next month or so to get things
February 6, 2017
Due to the increased frequency of identity theft, the IRS and most states, including Ohio, have implemented new security measures for the 2016 tax filing season. If you want to use your bank account information to receive a refund or have tax payments directly withdrawn, you are required to verify that the account and routing transit numbers are correct. The easiest way to do this...
January 30, 2017
New - there is now a secure mailbox on the front of the building for clients who would like to drop off documents after
January 17, 2017
We will be sending out Tax Organizers next week. Thank you for your
January 4, 2017
We are excited to announce our new name Red Fern Advisors & CPAs. Please explore our new website and social media accounts. We will be sending out Engagement Letters and Organizers for 2016 in the next two weeks. If you have a 4th Quarter estimated payment for 2016, please remember is it due by
July 26, 2016
Just a reminder - 3rd Quarter estimated payments are due
April 25, 2016
Thank you all for another excellent finish to our busy season! We appreciate everyone's patience during the busiest months of the year. For those of you who received an extension, we are working on getting your tax returns out the door as soon as possible. Thank you
February 23, 2016
I am very pleased to report the continued growth of our firm with the following announcements. Ms. Anna Baecker, CPA has been promoted to Partner. A graduate of the University of Cincinnati, Ms. Baecker has been an associate with the firm for the past eleven years, concentrating on small business advisory services, accounting, and preparation of tax returns for individuals and small...
Here are some key highlights from the CARES Act passed on Friday 3/27/20.
Recovery Rebate Checks
Filing statuses of single or head of household taxpayers will receive $1,200 and filing status of married filing joint taxpayers will receive $2,400 based on their Adjusted Gross Income. There is an additional $500 for each qualifying child.
The rebate check amount will be...
To our valued clients,
As of today, the IRS has issued additional guidance on the Federal filing and payment extension and we would like to provide further information as well as a link to the IRS FAQs page.
Contributions to Individual Retirement Accounts (IRAs) including SEP IRA accounts
Because the due date for filing Federal income tax returns has...
The President has signed the Families First Coronavirus Act (FFCRA) in an attempt to ease the economic consequences stemming from the COVID-19 outbreak. Among other things, the bill provides family and medical leave and sick leave to employees and offers tax credits to employers and self-employed individuals providing the leave. It becomes effective April 2, 2020 and contains...
