Clark Accounting Services

08/25/2022

RT@IRSsmallbiz Working from home? If qualified, you have two options for claiming the home office deduction: regular and simplified method. Learn more at: go.usa.gov/xtbkP

06/28/2021

Remember this reduces your end of year credit. The Washington Post: FAQ: What you need to know about the child tax credit payments starting in July https://www.washingtonpost.com/business/2021/06/25/irs-monthly-child-tax-credit-payments/

The IRS has launched new online portals in the government’s efforts to distribute millions in expanded child tax credit payments under the American Rescue Plan.

05/31/2021

A few small changes can make working from home more productive. RT@AccountingToday unveils newly relaxed employee policies to make the remote work environment less stressful and fatiguing. trib.al/6ZzRzYi

The Big Four firm utilized employee feedback during the COVID-19 pandemic to launch new initiatives aimed at decreasing stress.

04/27/2021

https://www.wesclarkcpa.com/news/2021/4/27/restaurant-revitalization-fund

I wanted to make you aware of some federal grant funding that could provide additional funds to you and your business.  The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors op

02/08/2021

RT Got an email pretending to be from ? It’s not from us -- forward the scam to [email protected]. Then delete. irs.gov/alerts

02/05/2021

The clarified that unreimbursed expenses paid or incurred after March 12, 2020, by eligible educators for protective items to stop the spread of COVID-19 qualify for the educator expense deduction. The deduction is capped at $250.

http://ow.ly/X53r30rvGSW).

IR-2021-28, February 4, 2021 — Eligible educators can deduct unreimbursed expenses for COVID-19 protective items to stop the spread of COVID-19 in the classroom.

06/18/2020

RT : Yep, more news. 😆 Yesterday released a revised PPP loan forgiveness application to reflect changes from the Paycheck Protection Flexibility Act. More here from the : https://t.co/9sVtV9f1Mh.

The U.S. Small Business Administration and Treasury released a revised loan forgiveness application for the Paycheck Protection Program that reflects recent changes made by Congress to make the program more borrower-friendly.

06/18/2020

RT The Flexibility Act increases the likelihood that a large percentage of a borrower’s loan will be forgiven, it doesn’t address whether employers can deduct the expenses underlying their PPP loan forgiveness. bit.ly/30oJr7F

06/04/2020

Senate passes PPP changes extending covered period and providing additional flexibility. President is expected to sign the Paycheck Protection Flexibility Act.

The Senate passed a House bill that gives small businesses and other entities that received loans from the Paycheck Protection Program 16 additional weeks to spend the funds and qualify for full forgiveness of the loans.

05/18/2020

has released PPP forgiveness form. The is urging more detail be provided to assist borrowers in completing the forms.

Washington—Today, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.

05/12/2020

Movie theaters may find it hard to keep customers after the COVID-19 pandemic. Are you going to the theater when it is safe?

The film outperformed Universal’s most optimistic projections, giving exhibitors yet another thing to worry about.

05/07/2020

Comfortable and happy workers are more efficient workers. I understand not all work can be done from home but when it can it can lead to more productivity and cost savings.

Millions of Americans are taking part in an unprecedented experiment in working from home. Many are happier, more efficient and want to hang onto the benefits when the pandemic ends.

03/20/2020

Tax filing deadline has been moved to July 15 giving taxpayers more time during the COVID-19 crisis.

RT Please see announcement on moving from April 15 to July 15. https://twitter.com/stevenmnuchin1/status/1241002750483324930

“At ’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.”

02/19/2020

The IRS isn't going to call, text or email. Keep your info safe.

RT does NOT threaten to contact police or immigration officials for non-payment of taxes. Stay alert: irs.gov/alerts http://pbs.twimg.com/media/ERAZ3btWoAAfj27.jpg

Don't fall victim to tax scams. Learn how to spot a scam and what to do.

01/17/2020

If you want to work in craft beer, this is a great place.
https://twitter.com/Twinpanzee/status/1218195640594898948

“We’re looking for an amazing kick butt self-motivated charming person to join our team! Do you love craft beer? Want to work on a great team for one of the coolest little family owned breweries in the area? Please use the following link to apply: https://t.co/vosrJdfACs”

01/07/2020

Don't forget your year-end 1099s. RT : : Remind your clients about the Jan. 31 filing deadline for wage statements and independent contractor forms. https://t.co/1Kzwi0XEoW https://t.co/sQIHHAqjbp

IR-2019-197, December 4, 2019 — The Internal Revenue Service today reminded employers and other businesses that wage statements and independent contractor forms still have a January 31 filing deadline.

11/12/2019

As the end of the year approaches, make sure your contributions are made to legitimate charities.

RT Donating to a charity? has a search feature to help you find or verify legitimate charities. irs.gov/teos http://pbs.twimg.com/media/EIyDKcRWoAAPcPL.jpg

Search for a tax-exempt's status

10/25/2019

Support local small businesses like and 'sEndBrewery.

Shares in Budweiser brewer AB InBev sink 10% after profit warning, as Americans abandon mainstream lagers like Bud and Bud Light on.wsj.com/2Jk3cnu

Anheuser-Busch InBev cut its full-year guidance after a disappointing quarterly performance in the U.S. and China, sending its shares 10% lower and underscoring the challenges it faces despite moves to trim its debt pile.

10/18/2019

So glad I get to join as they are awarded the Emerging Arts Award from 2019 Arts Awards.

08/26/2019

Running your own business can be ruff, but managing your finances doesn’t have to be! QuickBooks makes your life easier, so you can spend time doing more things you love (like hanging with your pooch!) 🐶 https://quickbooks.grsm.io/wesleyclark3732

07/25/2019

A little reminder to give yourself credit. https://quickbooks.grsm.io/wesleyclark3732

07/23/2019

It's time for nonprofits to look towards the next generation of donors.

https://www.tgccpa.com/2019/07/philanthrokids-the-next-generation-of-donors-is-here/

Nonprofits should start thinking about the next crop of donors — those in Generation Z. Born after 1996, Gen Z already is making its presence felt in the nonprofit world.

07/16/2019

Time is precious, so leave it to QuickBooks to help you grow your business.

https://quickbooks.grsm.io/wesleyclark3732

Buy QuickBooks - get the QuickBooks online product most suitable for your small business at the best possible price.

07/09/2019

Thank you to for your support of .

https://biz.loudoun.gov/2019/06/11/google-loudoun-billion/

Google confirmed it will spend $600 million to develop Arcola Center and Stonewall Business Park, bringing their total investment to $1.2 billion to date.

06/03/2019

IRS releases a draft of the new W-4 designed to implement changes based on the Tax Cuts and Jobs Act.

https://www.accountingtoday.com/news/irs-unveils-second-draft-w-4

The new attempt aims for more simplicity and privacy.

05/30/2019

RT Summer is unofficially here! Add July 29th to your calendar and join us in supporting at Westfields Golf Club. Sponsorships are going fast. Join as a sponsor. Email [email protected] for details.

cm.dulleschamber.org/events/details…

05/27/2019

Summer is a popular time to sell a home. Don't forget about the tax consequences.

https://www.irs.gov/newsroom/tax-tips-for-taxpayers-to-consider-when-selling-their-home

Tax Tip 2019-60, May 15, 2019

05/23/2019

RT Join & as sponsors of the 2019 DRCC Annual Golf Scramble on July 29th. Would you like your logo on our gifts? Email [email protected] for details.

cm.dulleschamber.org/events/details…

05/20/2019

Working hard is good. Keeping yourself mentally and physically healthy is even better. Try some of these ideas during your work week.

https://habitbank.pwc.com/ =1

It’s all about everyday behaviors and habits focused on fueling our four dimensions of energy—proven to help us become and sustain our best selves, both personally and professionally!

05/16/2019

RT : Spring has sprung so get your swing ready for the 2019 DRCC Golf Scramble at Westfields Golf Course on July 29th. Sponsorship opportunities are filling up fast. Email Wes Clark at [email protected] for sponsorship details.

cm.dulleschamber.org/events/details…

05/07/2019

Today is the annual Give Choose campaign to raise funds for nonprofits. Please consider giving to your favorite charity. I support the Loudoun Education Foundation. I hope you will do the same.

https://www.givechoose.org/LEF

The Loudoun Education Foundation is a nonprofit 501(c)(3) that engages our community to invest in critical and innovative programs to foster the academic success and well-being of students and teachers in Loudoun County Public Schools. Our vision is to make Loudoun County Public Schools the best pub...

03/19/2019

How long should I keep my tax documents?

https://www.cpapracticeadvisor.com/tax-compliance/news/12437682/how-long-should-you-keep-income-tax-returns-and-records

The IRS generally recommends keeping copies of tax returns and supporting documents at least three years. Employment tax records should be kept at least four years after the date that the tax becomes due or paid, whichever is later.

02/27/2019

Charitable giving in 2018 was concentrated among larger donors, evidence of how the tax-code changes enacted in 2017 are rippling through the nonprofit sector on.wsj.com/2E9CfQa

Charitable giving in 2018 was increasingly concentrated among larger donors, evidence of how the tax-code changes enacted in late 2017 are rippling through the nonprofit sector.

02/15/2019

RT Robinson Farmer Cox If signed, this bill will provide additional tax refunds to Virginia taxpayers: $110 single and $220 married nbc12.com/2019/02/12/bil…

01/25/2019

RT : BIG NEWS! , the 16th Secretary is headlining Our Innovate Conference at the Building on March 21. Find out more here bit.ly/2WgqqzS https://t.co/FD8Mdedj70

Creative thinking continues to energize the Dulles region's tradition of embracing innovation, locally, nationally, and globally. The Innovate Conference is an opportunity to hear from leaders of key dynamic industries affecting our changing world, showcase the innovations taking place in the Dulle...

01/22/2019

CPAs: so you can get back to business.
https://blog.aicpa.org/2019/01/3-reasons-why-all-entrepreneurs-should-hire-a-cpa-.html

I’ll go ahead and say it – every entrepreneur should hire a CPA. And no, I’m not just saying this because I work for the AICPA. As host of The Small Biz Brunch podcast, I’ve had the pleasure of chatting with many successful business owners – and the majority say...

01/01/2019

IRS announces 2019 standard mileage rates

https://www.google.com/amp/s/www.forbes.com/sites/kellyphillipserb/2018/12/14/irs-announces-2019-mileage-rates/amp/

The Internal Revenue Service (IRS) has issued the 2019 standard mileage rates.

12/27/2018

Private school tuition isn't tax deductible.

https://www.google.com/amp/s/www.forbes.com/sites/kellyphillipserb/2018/08/21/back-to-school-myths-you-can-deduct-private-school-tuition-on-your-taxes/amp/

In my Back To School Myths series, I’ll help you sort out truths from myths when it comes to school and taxes. Today’s myth: You can deduct private school tuition on your taxes.

12/25/2018

Merry Christmas and Happy Holidays