As approved by Congress, a $2 trillion economic rescue plan includes payments to individuals, expanded unemployment coverage including self-employed and much more. Here is what you need to know: Most adults will receive a one-time payment of $1,200, although some will be less. Every child under 16 adds an additional $500. Check your adjusted gross …
Millions of Households to Receive Stimulus Assistance – COVID-19 Read More »
Updated: 3/20/20: Please be aware that the deadline to file your income taxes has been extended to July 15, 2020. As government recommendations surrounding COVID-19 evolve, we are also making several updates at Lodovico & Associates for the safety of our staff and clients. Our teams at both offices are now working remotely from the …
If you’re new to the investment property business, or a seasoned professional, having trusted, third-party analysis on your investment may not only provide peace of mind, but prove to also jumpstart or grow your investment property business. While property appraisals will help you to understand what a property is worth, property evaluations helps to understand, …
Property Investment for Profitability: 3 Keys for Success Read More »
When becoming an estate executor, often times the tax responsibilities and roles are unfamiliar. While the primary responsibility is to execute and finalize the estate wishes of a family member or friend, a number of tax-related tasks are necessary. Should you become an estate executor, understanding the importance of including an accountant on your team …
Include an accountant on your estate team to navigate tax responsibilities Read More »
Every successful business started as a thoughtful idea – even a dream. But, what does it take to move a concept from ambition to a successful, thriving business? At Lodovico & Associates, we often meet with new business owners and experienced entrepreneurs as they enter into a business start-up or scale up a current business. …
Building a Business from the Ground Up: 5 Ways to Spark Start-Up Success Read More »
It’s widely known that April 15 is typically the annual federal income tax return due date for individuals. However, the due dates for some business and estate taxes vary. Business owners, as you plan for your upcoming returns, be sure to keep the following dates in mind. At Lodovico & Associates, we look forward to …
Federal Tax Return Due Dates for Business Owners Read More »
Gathering all of the relevant documents and information for your income tax returns can seem like a daunting task. However, this year in particular, the new tax law has impacted certain itemizations and deductions, and perhaps leads to questions about what information and documents you should share with your trusted tax advisor. If you’re visiting …
Tax Checklist: How to Prepare for Your First Income Tax Return Consultation Read More »
For business owners and individuals alike, the Tax Cuts and Jobs Acts (TCJA) brings about a number of changes for 2018 income tax returns. One of the most impactful is the Section 199A deduction, commonly referred to as the Qualified Business Income (QBI) deduction. The QBI deduction is relevant for individuals who own domestic business …
Qualified Business Income Deduction: How Will Tax Reform Impact Small Business Owners? Read More »
We are excited to announce that Lodovico & Associates will be offering a $50 “thank you” reward for all new client referrals now through April 15, 2019. Here’s how it works: Tell your family, friends and colleagues about Lodovico & Associates. Be sure they mention your name when scheduling a new client consultation. We can be reached …
With the start of this year’s income tax return season, I look forward to seeing familiar faces of clients we at Lodovico & Associates have served for years and years – along with new faces. What may be surprising is that we often see and communicate with our clients throughout the year, not just between …
Tax Advisor Vs. Income Tax Preparer: What’s the Difference and Why Does it Matter? Read More »
