No worries. If you found that you have made a mistake on filing your return or if the CPA has omitted information simply complete Form 1040X. Make sure to provide an explanation for the mistake. The IRS will contact you concerning the submission and review the amended return. The IRS could ask for additional information […]
Estimated payments are made 4 times a year. The dates are April 15th, June 15th, September 15th, and January 15th. Estimated payments are made to offset the current year’s tax liability. If you are new to making estimated payments I suggest the following: 1. Meet with a CPA. 2. Bring your prior year tax return. […]
Don’t worry. Let’s sit down and talk about it. I have several clients that come to me at various times of the year who have fallen behind on their tax filing. They are anxious, worried, and frustrated. The reason for late filing varies with each individual. The reason could be a divorce, health, financial, or […]
Don’t worry! Most documents have been received by clients. Except for the possible outstanding K-1s from partnerships and Sub S Corporation clients have received W-2s, 1099s, etc… Now is the time to commit and not procrastinate and contact your CPA to set up that all important meeting. I enjoying spending time with my clients going […]
Over the 24yrs that I have been in business I have learned that my clients are expecting to trust my judgment in advising them when it comes to handling their tax returns. I have learned a lot by listening to my clients, studying the tax code by taking continuing education seminars required to maintain my […]
2015 Cash Flow is the Key for Business Success During the year I often meet with business clients concerning their cash flow concerns. Most clients with slow accounts receivables, overdue accounts payables and low bank balances struggle financially and have larger than normal interest expense. What is the answer? I suggest the following: The […]
Several clients ask me how they can reduce their taxable income towards the end of the year. I usually encourage them to go thru the items in their homes and find certain household goods that are in good or excellent shape and make a contribution to various charitable organizations. On several occasions the client will […]
If you have been procrastinating in making your estimated payments for 2014 fear not it is not too late. The final estimated payment for 2014 is not due until January 15, 2015. But don’t wait to get ahold of your CPA at the last minute. Take the time this month to meet with your CPA […]
Communication with your CPA is the key to a successful tax filing season. Take the time to do the following: 1. Send your CPA an email and let him or her know you will be filing with them this upcoming tax season. 2. Ask your CPA: are there any tax saving tips that you should be […]
Here are just a couple of tips for tax savings as we come to the end of 2014: 1. Inventory items at home that are in good condition and donate to your local charity. Several nonprofit organizations can then in turn sell those items to individuals who are interested and donate the funds to the […]
Our philosophy is to provide our clients with both personal and professional service. We offer business accounting services, tax preparation & planning, comprehensive Financial Statements, electronic filing, individual accounting services. tax planning, and individual-Corporate-Partnership Tax Compliance.
1538 Star Stella Dr Odenton, Maryland 21113
Phone: 410.991.2405
Email: tim@timquinncpa.com
Cities: Annapolis, Anne Arundel County, Arnold, Bowie, Crofton, Fort Meade, Gambrills, Glen Burnie, Millersville, Odenton, Parole, Pasadena, Prince Georges County, Severn, Severna Park
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