Message from Paul Pittman: Updates & Well-Wishes
Dear Friends, I am hopeful and prayerful that life finds all of you well and healthy. It has been some time since my last message, so I thought I would share an update on my family and Team Pittman. Our three sons have had a busy and fulfilling year so far. Nicholas and his girlfriend […]
Message from Paul Pittman: Less Is More
Happy New Year! Can you believe 2022 has arrived? The older I get, the more shocked I am when a new year arrives at our doorstep. Where did the last one go? How could 365 days feel like a blink? With each passing year, my desire to pull up the flaps on time to slow […]
A Message from Paul Pittman: Checking In
It has been a while since I have written and shared some personal thoughts with you. I wanted to take this time to reach out, reconnect and check in with everyone. As you are well aware, the past eighteen months have been challenging. If we reflect on all the craziness, the magnitude of COVID 19’s impact […]
What You Need to Know About the 2021 Child Tax Credit
You may have noticed that the buzz around the new 2021 Child Tax Credit intensified these past two weeks as many parents saw $300 payments hit their checking accounts. As your tax advisors, it is our job to lay out the positives and the potential concerns these payments may present regarding your future tax liability. […]
Change to the Business Meals Expense Deduction
In March of 2021, Congress enacted the American Rescue Plan that included many modifications to the preparation of 2021 business tax returns. The most significant aspect for businesses under IRS code section 274(n) is the change to the business meals expense deduction from 50% to 100%. There are conditions of course, which we outline below. […]
A Message from Paul Pittman: Silver Linings
What a year we have had! When, in recent history, have we shared a similar reality-shifting experience like this pandemic? Even though this time has been challenging, I feel we were given a unique opportunity to reflect and grow together over these last ten months of insecurity and worry. As many of you know, I […]
CARES Act Tax Planning
While many are facing difficult times, our lives and business do not stand still. Tax and financial planning are critical, and we urge our friends to be proactive. The following are some of the more notable provisions that will affect your CARES Act Tax Planning. Tax treatment of Stimulus Check – $1200 Technically, the rebate […]
2020 End of Year Tax Updates
As all of us are dealing with the challenges of a global pandemic, income taxes may be the last thought on your mind. As finances are tight, taking advantage of every deduction is more critical than ever. The following are some 2020 end of year tax updates and some planning advice. Please call us with […]
Tax Ramifications of the CARES Act
The CARES Act enacted in March of this year provided considerable resources both to businesses and individuals to keep the economy on life support during the COVID-19 crisis. The bill enacted short-term measures such as delaying the date for filing tax returns and payments, Economic Impact Payments, Payroll Protection Program loans and other measures. Listed […]
A Message from Paul Pittman: The Pursuit of Happiness – Sort Of
As most of you who know me understand, I am a pretty positive person – a “the glass is half full” kind of guy. I enjoy accomplishing goals that make me, my family and my friends happy. I encourage others to dream – to create bucket lists and challenge themselves to do things that make […]