Clarke's Bookkeeping & Tax Services, LLC

10/13/2020

08/26/2020

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06/30/2020

Happy End of the Physical Year!
Processing GL's so I can rollover the End of Month. Hope everyone's day goes smoothly!

06/27/2020

This next round would likely be different than the first round.

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05/01/2020

https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.nerdwallet.com%2Fblog%2Finvesting%2Fcashing-out-401k-covid-19%2F%3Ffbclid%3DIwAR0XqnmS6m4S_ObkLsJ3wqit3NuCRs-JFSH7MRlq5zRJDcklbPuRkEUZSiA&h=AT2YOJDzOCURplkksDr2Esghjc-AaLgyieN_8PhMVdfWzS8BtYTHkJaEPTcGugB_GxWx23pwQ5lrUX19t2bqkt6Juj6qHV14QeY-qWlHQCId64vfaX8fm7_6mD3E1qaLDkvitHGfPLujqkpjbXLjsbDFkkAKGttnB5nyeBGETgyu7c8KHiKcwQESYMb13lLgwR5kN33zEsARPbVeFIbdhLs8lipzdSNnV6NWi4rxc6LRCclBIUKSnxEbcOMr1x_w9nZxQ9zsvuDoEyKn7LOPrONcAAUczEaOnl5v5zB1AAO7Y8SjaCPLJo0m-lokYdXDk25NMMDOy8TEfbBMaY7GIGEUI2fzIGB4-TEEiVIA_urcJHdD0eqytLZ6dO-ceFC8z4h9PzIY1qMZgys2A__WbqkzGQ04pctS-Wih61oyWMIObir-N0H4m0yDZdV2i35D_8esFrLiWhJQ4eosKPzDrUdwI7Y2tK-9PYJQMdnkGnD6JeqY-v9Usr2wtrkyqtuysNR-IfyAkt0rKw--Mi0wgPKjd8zkmCtrGxsokABqnag8SqIG75ZafrvW5aT9FAMurWuWEaEAGUjwVheaYJYODqAOrW87Clos_8L0o_nqXjc8_G8O2dBgQAtxqF0CyrZ5_L5qDhndSQ

Typically, the penalty for withdrawing from a 401(k) before the age of 59½ is 10% of the distribution, plus an automatic withholding of at least 20% for taxes. But with…

04/30/2020

https://content.govdelivery.com/accounts/USIRS/bulletins/288d3ee

Millions of Americans have already received their Economic Impact Payments as the IRS continues to automatically send payments to more individuals. Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive their payment. The IRS will calculate the amount based on th...

04/23/2020

Guidance hasn’t exactly been released yet. But until it’s been formally forgiven, track it as a loan payable.

Article written by: Jeff Harden, CPA Director, Assurance & Business Advisory Services As the government continues to implement and propose new measures to help

04/16/2020

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