John E Helldorfer, CPA

10/26/2023

Accounting can feel a little spooky sometimes!

If you or anyone in your network is in need of guidance, know that we 🍬 treat 🍬our clients like the individuals they are, offering tailored solutions based on each client's unique needs.

DM us, give us a call, or shoot over an email to set up a meeting, and we’ll give you a shout 👻 📞

09/08/2023

Today, we celebrate the power of saving for retirement with National 401(k) Day! 🎉

Whether you're just starting your career or nearing retirement, now is the perfect time to review your 401(k) plan. Make sure you're maximizing contributions, taking advantage of employer matches, and considering any investment opportunities that align with your long-term objectives.

Speaking of long-term goals... we'd love to hear what your dream retirement location is! Let us know in the comments below ⬇️

09/04/2023

As we honor the contributions of workers and pause for a little R&R this Labor Day, we want to thank our wonderful clients, colleagues, and professional network for being with us on this journey.

It's because of your trust and support that we’re able to do what we love and make a small difference in the lives of others.

Once again, thank you — and Happy Labor Day to you all ❤️ 🤍 💙

08/15/2023

Filing taxes is never fun, but filing after a divorce is a whole other story 🤔 Here are a few quick tips to help:

🖋️ Ensure your name is correct – The name on your return must match the name on your social security card.
🖋️ Agree on filing status – Your marital status on Dec. 31 determines your tax filing status for the entire year. Unless the divorce is finalized by then, you need to know if you’re filing jointly or separately with your spouse.
🖋️ Decide on child tax credits – The IRS only allows one parent to claim the child tax credit, so you and your spouse will need to discuss and be in agreement if you have dependents.

Filing your tax return the first year after a divorce can be a little tricky—if you have any questions, please reach out! We’re here to help.

07/03/2023

Happy almost-4th of July, everyone ❤️🤍💙 We hope you have a great Independence Day filled with good food, laughter, and plenty of time to relax.

Our team will be out of office doing just that on Monday, July 3 and Tuesday, July 4. If you have needs or questions, feel free to reach out, and we’ll get back to you upon our return!

06/27/2023

The question that keeps us all up at night: What tax filing status should I pick? 🤔

We totally understand. Perhaps this info will help:

☑️ Head of Household – Unmarried taxpayers who are supporting at least 1 qualifying person and paying more than 50% of the costs to keep up a home.

☑️ Qualified Widow or Widower – For taxpayers who recently lost a spouse and are supporting a child at home. If you could have filed jointly before your spouse’s death, you may file jointly in the year your spouse died.

☑️ Married Filing Jointly – You and your spouse combine your income and deduct your total allowable deductions and credits on the same forms.

☑️ Married Filing Separately – For high-income earners who are married, people who wonder if their spouses are hiding income, people considering divorce, or taxpayers whose spouses have tax liability issues.

☑️ Single – For unmarried people who don’t qualify for another filing status. Note: depending on your state, if you’re legally divorced by the last day of the year, the IRS considers you unmarried for the whole year.

Feel free to share this post with your friends and family so we can all get those precious 8 hours of sleep.

05/29/2023

On this Memorial Day, we wanted to take a moment to honor the fallen soldiers who fought bravely for our country’s freedoms. Their sacrifices will not be forgotten, and our hearts go out to the loved ones they left behind.

09/09/2020

Tax Changes and Key Amounts for the 2020 Tax Year
https://bit.ly/2DPyBi1
For Accounting, Tax Planning and Preparation services, visit us at https://www.johnhelldorfercpa.com for more information.

Americans are facing a long list of tax changes for the 2020 tax year...and it's never too early to start thinking about next year's return.

09/02/2020

Trump says next coronavirus relief bill must include payroll tax cuts. Here's how that would affect workers
https://cnb.cx/2Bnc4Im
For Accounting, Tax Planning and Preparation services, visit us at https://www.johnhelldorfercpa.com for more information.

While not the first time President Trump has floated the idea, he appears to be upping the ante, according to published reports. This is how a payroll tax holiday would affect your paycheck.

08/26/2020

What taxpayers should do if they get a letter or notice from the IRS
https://bit.ly/2CdtPdA
For Accounting, Tax Planning and Preparation services, visit us at https://www.johnhelldorfercpa.com for more information.

Tax Tip 2020-95, August 3, 2020

08/19/2020

Despite Questions, President Trump Issues Executive Order To Create Temporary Payroll Tax Cut
https://bit.ly/322yA2J
For Accounting, Tax Planning and Preparation services, visit us at https://www.johnhelldorfercpa.com for more information.

President Trump has signed Executive Orders that would alter the current payroll tax scheme.

08/12/2020

All the Taxes Your Business Must Pay
https://bit.ly/2K5CCym
For Accounting, Tax Planning and Preparation services, visit us at https://www.johnhelldorfercpa.com for more information.

What taxes does my business have to pay? The list includes federal, state, and local taxes and taxes based on income, sales, property, and employees.