Wright & Associates - Bookkeeping and Tax Prep

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In a digital age, especially during the pandemic, it’s important to file your return electronically if you can. For quicker refunds and to avoid delays in processing, the IRS strongly advises you to file electronically and avoid paper tax returns whenever possible. To learn more about the different IRS electronic filing options available, click here: www.irs.gov/efile

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At a time when many charitable groups are struggling during the pandemic, the IRS highlights a new provision that allows more people to deduct donations made by 12/31 to qualifying charities on their 2021 federal income tax return. Read: https://go.usa.gov/xeHWD

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If you didn't qualify for the third Economic Impact Payment or did not receive the full amount, you may be eligible for the Recovery Rebate Credit. If you're eligible, you'll need to file a 2021 tax return even if you don't usually file.
To help you for tax filing season, click here: www.irs.gov/getready

Houston, TX Bookkeeping & Tax Services | Wright & Associates

I have the best clients! Makes all the hard work worth it! Merry Christmas from Wright & Associates.

Houston, TX Bookkeeping & Tax Services | Wright & Associates Wright & Associates in Houston will take care of your tax and bookkeeping and payroll so you can get back to what you do best. Learn more.

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If you received advance Child Tax Credit payments, when you file your 2021 tax return, you will need to compare the advance payments that you received during 2021 with the amount of the Child Tax Credit that you can properly claim on your 2021 tax return. The fastest way for you to get your tax refund that will include your Child Tax Credit is by filing electronically and choosing direct deposit.

To for the upcoming tax filing season, click here: www.irs.gov/getready

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The current tax year ends soon. There are some things you should do before December 31.

Take a look at this end-of-year tax to do list:
https://go.usa.gov/xeE3N

Friday, Oct. 15 is almost here. If you filed an extension, remember to file your 2020 tax return by the deadline.

Free File is available through Oct. 15.

For more info, click here:
https://go.usa.gov/xMTrM

portal.clientwhys.com

portal.clientwhys.com

Newsletter - September 2020 Newsletter

Newsletter - September 2020 Newsletter In this edition of our newsletter, we highlight the current tax proposals from the Republican and Democrat nominees for president. We also cover nexus laws for remote employees due to COVID-19, tax recordkeeping requirements, business succession planning, and much more. As many of you are concerned....

Wright & Associates - Bookkeeping and Tax Prep updated their address.

Wright & Associates - Bookkeeping and Tax Prep updated their address.

Wright & Associates - Bookkeeping and Tax Prep updated their phone number.

Wright & Associates - Bookkeeping and Tax Prep updated their phone number.

Newsletter - August 2020 Newsletter

Newsletter - August 2020 Newsletter In this edition of our newsletter, we highlight the Payroll Protection Program's extension date, tips on how to spot a COVID-19 fraud, tax planning tips for the wealthy, home improvement recordkeeping guidelines, and much more. As many of you are concerned about your financial future, we want to mak...

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SBA - Disaster Loan Assistance

As of today, April 3, 2020, the SBA has released the PPP or Paycheck Protection Program Loan to be made available to any small business with fewer than 500 employees.
The Loan will be fully forgiven if the funds are used for payroll, interest on mortgages, rent, and utilities. Loan payments will also be deferred for six months. No collateral is required. Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. The loan has a maturity of 2 years and an interest rate of 1%.

To apply, contact your bank that you currently do business with.

Business owners in all states, due to COVID-19 pandemic, are eligible for the Economic Injury Disaster Loan advance up to $10,000. This loan was designed to help the business owner suffering from a loss in revenue. This loan advance will not have to be repaid. Applications should be submitted at
covid19relief.sba.gov/#/

I am here to help with any questions or guidance you may need during this troubling time.

I can be reached at [email protected]

SBA - Disaster Loan Assistance

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Make deposits faster! If you’re waiting until the end of the week to make all of your deposits, change your practice to daily. You can make deposits with your cell phone now, so take advantage of these newer banking methods to speed up your cash flow.

“Angie has handled all of our bookkeeping needs for years now. She has helped our business maximize profits. She is prompt, professional, and trust-ed. We would highly recommend Angie to any company looking for someone to trust with their financials.”

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Tax deductions for moving expenses are suspended through the year 2025 except for military service members who are changing duty stations.

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Send your invoices electronically. Invoices sent by email will get there faster and shave days off of the wait to get paid.

Looking for professional services? 👀📚

Contact us today! ☎️


https://buff.ly/2O8BfSY

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If your income is under $9,525 as a single taxpayer or under $19,050 married filing joint, you’ll pay the lowest tax percentage (10 %).

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Make sure your invoices go out quickly, right after you’ve performed the service. If you’re waiting until the end of the month to invoice, you’re increasing your Days Sales Outstanding and staying with old habits that no longer serve your business.

Have questions about 📚 preparation ➕➖and/or services 💰?

☎️Contact us today! We are here for you!☎️
https://buff.ly/2O8BfSY

DID YOU KNOW . . . Angie Wright of Wright & Associates has a BS Degree in Accounting, is Xero Certified, a QuickBooks Online Pro Advisor, BIll.com Certified, a Hubdoc Partner, and is an Associate Member of ICB USA —the nationally recognized International Certified Bookkeeper Organization.


https://buff.ly/2OBsr6y

Searching for headache-free services? 👀💰 Search no more! We offer payroll with complimentary direct deposit for employees.

Focus on your business; we’ve got the rest! 😃💪🏼


https://buff.ly/2O8BfSY

Consider our professional services. 📚 We provide the following:
▪️Reconciliation of all bank and credit card accounts
▪️Journal entries
▪️Maintenance of assets and liabilities
▪️And more!

Wishing you and your family a very Merry Christmas! 🎄☃️🎅🏼

101:

Does your company ever make a business purchase from a bank account or credit card that is not connected to your current bookkeeping software? These transactions should be manually entered as a journal entry. 👀📚✍🏼

📞Want to work with Wright & Associates? Contact us today! 📞

Remember, we proudly offer no-charge, individualized consultations, allowing you to decide on the type and level of services your company requires.

https://buff.ly/2O8BfSY

Angie Wright of Wright & Associates has been a bookkeeper since 2004. She believes in producing clean books that are accurate and timely each month.

Let her know how she can assist you with all of your needs!


https://buff.ly/2OBsr6y

Bookkeeping tip: Any fixed asset in excess of $2,500.00 should be listed on your balance sheet and book valued depreciated.

“Wright & Associates redefines what it means to deliver personalized service with great attention to detail. Angie has done such a stellar job in comprehensively delivering services for my company such as bookkeeping, Accounts Receivable, Xero Software Management, and tax prep services to mitigate tax liabilities. Thanks a million for all that you do, Angie!” ⭐️