Timothy P. Deegan, CPA

Timothy P. Deegan, CPA Your locally owned "Full Service Accounting Solution" serving Individual & Business client needs for Let our team of professionals handle your tax return.

Since 1991, Timothy P. Deegan, CPA has been providing quality, personalized financial guidance to local individuals and businesses. Our expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning. Our mission is to help clients maintain financial strength in the present while taking a proactive approach t

o achieve future goals. This requires open communication to reach an understanding of our clients' needs, thorough research, and sound analysis. Timothy P. Deegan, CPA is dedicated to meeting these goals with high standards of excellence and professionalism.

Congratulations US Coast Guard
02/06/2026

Congratulations US Coast Guard

WASHINGTON – The U.S. Coast Guard announced Thursday it has seized more than 200,000 pounds of co***ne in the Eastern Pacific Ocean since launching Operation Pacific Viper in early August.

Trumps policies are working. Big tech is surging.
07/30/2025

Trumps policies are working.
Big tech is surging.

07/01/2025

Florida sales tax exemption for hurricane preparedness.

Florida
SB2500 goes into effect on July 1, 2025. This bill establishes new sales tax laws which eliminate sales tax on certain hurricane supplies permanently, starting July 1, 2025. The supplies include batteries, smoke detectors, carbon monoxide alarms, fire extinguishers, portable generators, waterproof sheeting, tie-down kits and portable gas cans. This bill also includes permanent exemptions for gold, silver and platinum bullion, bicycle helmets, life jackets, sunscreen and insect repellent. The bill also introduces a month long back to school sales tax holiday in August as well as the elimination of the commercial rental tax beginning in October.

06/04/2025

Warning:
Charles Schwab is the worst company to do business with on Planet Earth.
If you have an account there, do your family a favor and move it elsewhere.

03/26/2025

Press Release from SSA on Identity theft protections.
Press Release
Wednesday, March 26, 2025
For Immediate Release
Mark Hinkle, Press Officer
[email protected]
Social Security Updates Recently Announced Identity Proofing Requirements
In-Person Requirement Will Not Apply to Disability Insurance, Medicare, and SSI Applications
The Social Security Administration (SSA) is taking proactive steps to enhance the security of its services by implementing stronger identity verification procedures. The updated measures will further safeguard Social Security records and benefits for millions of Americans against fraudulent activity. In-person identity proofing for people unable to use their personal my Social Security account for certain services will be effective April 14, 2025.

“We have listened to our customers, Congress, advocates, and others, and we are updating our policy to provide better customer service to the country’s most vulnerable populations,” said Lee Dudek, Acting Commissioner of Social Security. “In addition to extending the policy’s effective date by two weeks to ensure our employees have the training they need to help customers, Medicare, Disability, and SSI applications will be exempt from in-person identity proofing because multiple opportunities exist during the decision process to verify a person’s identity.”

Under the updated policy beginning April 14, 2025, individuals applying for Social Security Disability Insurance (SSDI), Medicare, or Supplemental Security Income (SSI) who cannot use a personal my Social Security account can complete their claim entirely over the telephone without the need to come into an office.

Individuals who cannot use their personal my Social Security account to apply for benefits will only need to prove their identity at a Social Security office if applying for Retirement, Survivors, or Auxiliary (Spouse or Child) benefits. SSA will enforce online digital identity proofing or in-person identity proofing for these cases. The agency will not enforce these requirements in extreme dire-need situations, such as terminal cases or prisoner pre-release scenarios. SSA is currently developing a process that will require documentation and management approval to bypass the policy in such dire need cases.

Individuals who do not or cannot use the agency’s online my Social Security services to change their direct deposit information for any benefit will need to visit a Social Security office to process the change or can call 1-800-772-1213 to schedule an in-person appointment. The agency also recommends that individuals unable to apply online call to schedule an in-person appointment to begin and complete a claim for Retirement, Survivors, or Auxiliary (Spouse or Child) benefits in one interaction.

SSA recently required nearly all agency employees, including frontline employees in all offices throughout the country, to work in the office five days a week. This change ensures maximum staffing is available to support the stronger in-person identity proofing requirement.

The agency will continue to monitor and, if necessary, make adjustments to ensure it pays the right person the right amount at the right time while safeguarding the benefits and programs it administers. SSA plans to implement the Department of Treasury’s Bureau of Fiscal Service’s payment integrity service called Account Verification Service (AVS). AVS provides instant bank verification services to proactively and timely prevent fraud associated with direct deposit change requests. SSA will continue to fight fraud while balancing its program integrity responsibilities with delivering on its customer service mission to the American people.

People who do not already have a my Social Security account can create one at www.ssa.gov/myaccount/.

Stay up to date about SSA’s identity proofing requirements and exceptions at What to Know about Proving Your Identity | SSA.

03/22/2025

FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies.
WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.

File Your 2025 taxes with us.
03/09/2025

File Your 2025 taxes with us.

02/23/2025
Always trust the process. Just because there are media reports and allegations the trust always shines brighter than the...
01/27/2025

Always trust the process.
Just because there are media reports and allegations the trust always shines brighter than the lies, smears, and slanders.

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