Monotelo Advisors fka MJB CPA & Assoc, Ltd

10/28/2023

Know anyone that would be a good fit for this job? Please share. Thank you!

10/25/2023

We’re hiring! Looking for a receptionist for tax season at our West Brooklyn office. Apply in person.

10/25/2022

Smishing campaigns send text messages offering lures like fake COVID relief, tax credits or help setting up an online account. Stay alert and report them: http://ow.ly/VFji50KWalE

10/25/2022

Are you a college student applying for financial aid? In addition to , remember that education tax credits may help with higher education expenses. has a tool to help determine eligibility—Visit: https://go.usa.gov/xMVWD

10/21/2022

Payroll tax withholding tables have changed downward several times in recent years leaving clients with either a smaller income tax refund or a tax balance due. It’s always a good idea to check your federal income tax withholding before year-end so you have time to make corrections.

10/15/2022

This is an excellent way to get your children’s savings & retirement plan off to a great start! The power of compounding at its best!

It’s possible to fund Roth IRAs for children, and this could be a terrific financial planning move for their futures, although the strategy has limitations.

10/15/2022

So many scams…

If it sounds too good to be true... it might be a . Beware of unsolicited texts, phone calls, emails, or other communication that may appear to be from the or the Taxpayer Advocate Service. Find out how to keep you and your information safe: www.taxpayeradvocate.irs.gov/taxtips.

09/02/2022

Don’t forget to pay your Lee County property taxes today! Last day to pay 2nd installment without penalty. 😊

06/28/2021

Important news that all parents who are eligible for Child Tax Credit should be aware of for this 2021 tax year.

Advance payment of tax year 2021 child tax credit is scheduled to begin July 15, 2021. Below is a link to research the credit and/or to opt out of the advance payments. Personally, I think most parents will want to opt out to avoid adversely affecting their 2021 tax position (either reducing your expected refund or creating a balance due).

A short recap:
Child tax credit has been increased to $3,600 per child age 5 and under and $3,000 per child age 6 through age 17. The addition of 17 year olds to the higher CTC amount is new (previously the credit for 17 year olds was $500).

If you do NOT opt out, you will receive half of your expected CTC in monthly payments beginning July 15, 2021.

If you wish to opt out, see the link below. If you don't already have an IRS account, you will be required to register before you can opt out.

Please note that BOTH parents must opt out. If only one opts out, the advance payments will still be sent.

Find details about the advance Child Tax Credit payments, including how to get them or stop getting them.