James P McElwee, CPA, PLLC

James P McElwee, CPA, PLLC I don't just answer questions - I offer solutions.
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Operating as usual

If you owe the IRS or have old tax returns to file, we can help.  Call us today!
01/12/2021

If you owe the IRS or have old tax returns to file, we can help. Call us today!

The 4th Quarter Estimated Tax Deadline is January 15.  Let us know if you need help calculating your payment!
01/04/2021

The 4th Quarter Estimated Tax Deadline is January 15. Let us know if you need help calculating your payment!

Happy and Blessed New Year to our friends and clients!  Stay safe and stay healthy!
01/01/2021

Happy and Blessed New Year to our friends and clients! Stay safe and stay healthy!

I totally stole this, but how could I not??!!  Happy New Year, everyone!
12/31/2020

I totally stole this, but how could I not??!! Happy New Year, everyone!

Was you business hit hard by COVID?  Did you know that the new COVID Relief Law allows businesses and self-employed folk...
12/30/2020

Was you business hit hard by COVID? Did you know that the new COVID Relief Law allows businesses and self-employed folks to take a 2nd PPP Loan? Call us today to talk about the requirements.

Be sure to take some time today to celebrate National Cookie Day!  It's a great way to show your American Spirit, and th...
12/04/2020

Be sure to take some time today to celebrate National Cookie Day! It's a great way to show your American Spirit, and they are non-taxable! Why do we have National Cookie Day? Because 'Merica, that's why!

The holidays are officially upon us! We wish youall a happy and healthy holiday season surroundedby loved ones.
11/30/2020

The holidays are officially upon us! We wish you
all a happy and healthy holiday season surrounded
by loved ones.

We are so thankful for our friends, family, andclients. Cheers to a wonderful #Thanksgiving.
11/25/2020

We are so thankful for our friends, family, and
clients. Cheers to a wonderful #Thanksgiving.

If you are a business owner and took advantage of a PPP Loan, you need to see this article discussing the latest IRS gui...
11/24/2020
IRS Clarifies Stance On No Deductibility Of Expenses Paid With PPP Funds

If you are a business owner and took advantage of a PPP Loan, you need to see this article discussing the latest IRS guidance. Basically, if your PPP Loan was forgiven in 2020 or if you believe it will be forgiven in 2021, you may not deduct expenses paid with those PPP funds on your 2020 tax return. You need to keep this in mind when you prepare your year-end tax estimates. Please call us to discuss any questions you have.
https://www.forbes.com/sites/brianthompson1/2020/11/19/irs-clarifies-stance-on-no-deductibility-of-expenses-paid-with-ppp-funds/?sh=4ae82f0aa528

The IRS just released Revenue Ruling 2020-27 and Revenue Procedure 2020-51 to clarify the rules for deducting expenses paid with PPP funds. Here’s what you need to know.

Today we celebrate those business owners who have risked it all to realize their dreams.  These are the people we love t...
11/17/2020

Today we celebrate those business owners who have risked it all to realize their dreams. These are the people we love to help. Call us to see how our professional expertise and advice can help you make your dream a reality!

Let's all take a break from politics and election news today to remember and thank all those who have served.  Thank you...
11/11/2020

Let's all take a break from politics and election news today to remember and thank all those who have served. Thank you, Veterans!

Accounting can be complex and overwhelming. Butwe are here to answer all your questions and helpmake sense of it all. #I...
11/10/2020

Accounting can be complex and overwhelming. But
we are here to answer all your questions and help
make sense of it all. #InternationalAccountingDay

Are you living in a never-ending cycle oftaxes and debt? Expert assistance is justa phone call away. #taxresolution
11/05/2020

Are you living in a never-ending cycle of
taxes and debt? Expert assistance is just
a phone call away. #taxresolution

As we rumble, stumble, and bumble into the last months of 2020 (Thank GOD!!), now is the perfect time to review your tax...
10/09/2020
IRS: Check tax withholdings now as the last quarter of 2020 begins | Internal Revenue Service

As we rumble, stumble, and bumble into the last months of 2020 (Thank GOD!!), now is the perfect time to review your tax situation. Planning now can help you avoid making April 15 more "taxing" than it needs to be (see what I did there?). See the IRS link below for tips on how to do that. If you have questions, call me at 210.643.9789.

IR-2020-232, October 9, 2020 — The Internal Revenue Service today reminded taxpayers that now is the perfect time to review their tax withholding and payments to avoid a surprise when filing next year.

Thinking about starting a business?  The IRS has some tips for you.  Keep in mind that these just scratch the surface.  ...
09/23/2020
Six tips for people starting a new business | Internal Revenue Service

Thinking about starting a business? The IRS has some tips for you. Keep in mind that these just scratch the surface. You need to spend some time thinking through the options and their ramifications. Each person's needs are different, and the correct solutions are different. We help entrepreneurs every day. Call us to discuss your particular situation before you start signing documents.

Tax Tip 2020-124, September 23, 2020

If you or someone you know has been affected by the recent hurricanes or wildfires in Oregon & California, see the link ...
09/18/2020
Tax Relief in Disaster Situations | Internal Revenue Service

If you or someone you know has been affected by the recent hurricanes or wildfires in Oregon & California, see the link below. The IRS has announced extended due dates for certain tax returns and tax payments for specified areas.

Find disaster tax relief information and resources.

Hey friends!  On Saturday my wife and I are going to take a load of supplies to the Cajun Navy in Lake Charles LA to hel...
09/16/2020
Donate - Cajun Navy Foundation

Hey friends! On Saturday my wife and I are going to take a load of supplies to the Cajun Navy in Lake Charles LA to help those that have been affected by Hurricane Laura. We are gathering flashlights and batteries (they are still without electricity), personal hygiene products, cleaning supplies, diapers, insect repellant and Gatorade-type single drink mixes. VISA gift cards are good too, or just donate directly to the Cajun Navy (see link below). Please let me know if you'd like to donate any supplies. You can drop off at our home, at my office at 7002 Wurzbach in SA, or I can meet you to pick up.
Thank you!!

Donations to the Cajun Navy are used to activate local volunteers who help the most vulnerable in their own communities during and after disasters.

08/20/2020

If you owe the IRS or have back tax returns that need to be filed, now is the time to act. Due to COVID, the IRS has made it easier to qualify for payment plans. This is a temporary adjustment, and the old rules will go back into place very soon. If you owe the IRS money, call me at 210.643.9789. I can help.

I hate telling or reminding folks of bad news, but I would rather say it now than let it bite you in the rump later.  If...
08/19/2020
IRS: Unemployment compensation is taxable; have tax withheld now and avoid a tax-time surprise | Internal Revenue Service

I hate telling or reminding folks of bad news, but I would rather say it now than let it bite you in the rump later. If you are drawing unemployment right now, don't forget that this is taxable income. You will receive a 1099 in January for benefits received in 2020, and you will have to show it as income on your tax return. You may want to consider having income tax withheld from those checks to avoid a big hit next Spring. The article below has a link to the IRS Withholding Estimator tool that will help you figure out how much should be withheld. Stay safe, everyone!

IR-2020-185, August 18, 2020 — With millions of Americans now receiving taxable unemployment compensation, many of them for the first time, the Internal Revenue Service today reminded people receiving unemployment compensation (beneficiaries) that they can have tax withheld from their benefits now...

Well, it's official now (Forbes says so):  Soft Skills are no longer an enhancement for career success - they are a requ...
08/18/2020
Newsflash: Soft Skills No Longer Enhance Your Candidacy For A New Job

Well, it's official now (Forbes says so): Soft Skills are no longer an enhancement for career success - they are a requirement for career success. This is something we've always known, but I don't think we focus on it enough when we are grooming the next generation. Technical skills are great, but I would much rather hire someone who knows how to manage their time and interact with my clients. I can teach them the technical part. Please keep this in mind as you are talking to your kids or students. https://www.forbes.com/sites/dawngraham/2020/08/15/newsflash-soft-skills-no-longer-enhance-your-candidacy-for-a-new-job/#3b9ef5992c56

Employers have spoken. According to a Gallup poll, while 96% of university leaders believe they’re preparing students for the workplace, only 11% of business leaders strongly agree.

If you or someone you know files their income tax return using an Individual Taxpayer Identification Number (ITIN) inste...
08/17/2020
Last round of ITINs will expire in 2020; IRS encourages early renewal to prevent refund delays | Internal Revenue Service

If you or someone you know files their income tax return using an Individual Taxpayer Identification Number (ITIN) instead of a Social Security Number, see this latest news from the IRS. A bunch of ITINs will expire at the end of this year. To avoid refund delays, taxpayers with an expiring ITIN need to renew their ITIN before filing their tax return next year. The information below explains what an ITIN is and how to renew it.

IR-2020-181, August 17, 2020 — More than 1 million Individual Taxpayer Identification Numbers are set to expire at the end of 2020 as the Internal Revenue Service completes the expiration of ITINs assigned prior to 2013.

We are a proud hole sponsor for this tournament.  If you are a business owner in the Devine area, call Lewis Stroud and ...
07/08/2020

We are a proud hole sponsor for this tournament. If you are a business owner in the Devine area, call Lewis Stroud and sponsor a hole. And if you are a golf lover, sign up and go play. The Lions do so much for our area, and all the money raised here stays here.

This Saturday July 11!!!

Remember all that information, guidance, and advice I've been sending out over the last couple of months about PPP?  Wel...
06/05/2020

Remember all that information, guidance, and advice I've been sending out over the last couple of months about PPP? Well, never mind. . . . .

If you have a PPP loan, the rules changed again! This is big for all businesses in the country and the Lone Star State. It is good and you can see what the differences are.

SHARE THIS and call us at 210.233.1258 (free consultation) so we can help you with the changes and see how we can help maximize your forgiveness. Zoom information to come later...

https://www.jhbtexascpa.com/wp-content/uploads/2020/06/PPP-Flexibility-Act-CPA-6.5.2020.pdf

A moment of prayer, please, for this family, their extended family, and our city as a whole. We don't know all the facts...
06/05/2020
Family of 6 found dead in Far North Side home

A moment of prayer, please, for this family, their extended family, and our city as a whole. We don't know all the facts, and we don't know the causes, but I can't imagine the internal pain that would lead to a decision like this. What we do know is that God's grace can heal us. Let us pray for that.

A welfare check led to the discovery of the bodies after an odor and note set off an area evacuation.

Did you know that you can make COVID-19 reimbursement payments to your employees that get you a tax deduction but are al...
05/06/2020

Did you know that you can make COVID-19 reimbursement payments to your employees that get you a tax deduction but are also tax-free to them? Well, guess what? Take a look at this Special Report and then call me so I can help you set this up for your business.

If you are having trouble getting the status of your IRS Stimulus Check, try these hacks.  https://www.cnbc.com/2020/04/...
04/30/2020
Americans report using all caps, other hacks to get IRS coronavirus stimulus tracking tool to work

If you are having trouble getting the status of your IRS Stimulus Check, try these hacks. https://www.cnbc.com/2020/04/30/all-caps-and-other-hacks-to-get-irs-tracking-tool-to-work.html

Also remember that this is just a taste of what it's like to deal with the IRS. If you have tax problems, don't try to handle it by yourself. Let me do it for you. Call me today at 210.643.9789, and let's get the IRS off your back.

Many users frustrated by the IRS's Get My Payment tool to track their coronavirus stimulus relief check report using all caps and other hacks to get the site to work properly.

Address

9002 Wurzbach Road
San Antonio, TX
78240

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