Kobylarcpa

Tis' the season to be grateful... Special thanks to our clients, friends, families, and colleagues for helping 2020 be our first year at David Kobylar CPA! We hope you all have a wonderful holiday season!

Timing always plays an important role in year-end tax planning and 2020 is no different. Review our Top Ten Year-End Strategies to better prepare. See full article on our Blog. https://kobylarcpa.com/ta/year-end-tax-planning-strategies/

Let us give thanks for the blessings we have and enjoy joyous times with family and friends.

Tax Time anxiety is real. Be prepared by working with a professional. If you received unemployment benefits in 2020, be informed of any possible tax implications. View our most recent blog. https://kobylarcpa.com/t/unemployment-benefits-are-taxable/

What Trump and Biden tax policies could mean for your paycheck, tax return, investments and retirement savings. See breakdown at https://kobylarcpa.com/tax-law/tax-policies-trump-biden/ #TaxPolicy #Trump2020 #Biden2020 #FactCheck #KobylarCPA

The CARES Act provides an option for individuals adversely affected by the Coronavirus to access their IRAs, 401(k) or 403(b) plans with favorable tax treatment. Should you use the CARES Act to access your retirement funds? https://kobylarcpa.com/tax-law/retirement-funds-cares-act/

The latest financial change due to pandemic is the Payroll Tax Deferral, whereby employers can opt not to withhold the Social Security tax (Medicare must be continued to be withheld) on employees whose annualized salary does not exceed $104,000 ($2,000 per week). See full article at https://kobylarcpa.com/tax-law/payroll-tax-deferral/