The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 pandemic. After your 2019 tax return has been successfully filed with the IRS, there may still be some issues to…
We want to update you on our back-to-work and office closure policy as of July 1, 2020. Our Overland Park and Topeka offices will remain closed to clients through August 3. Our employees are returning to our offices in a…
Andrew Spikes talks with Accounting Today reporters about how Mize CPAs has leveraged RPA (Robotic Process Automation) to save the firm over 2,500 within the first year, allowing professionals to focus more time and energy helping clients. You can read…
The U.S. Senate has voted to extend the deadline for businesses to apply for coronavirus aid under the Paycheck Protection Program (PPP). Previously set to expire on June 30, the Senate has paved the way to extend the application deadline…
The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according to a new report. These are the payments being sent to eligible individuals in response to the economic threats caused…
The IRS recently issued guidance related to coronavirus-related distributions allowed under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Notice 2020-50 and Notice 2020-51 apply to qualified individuals, employers and eligible retirement plans. The guidance is lengthy and complex and…
As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain “coronavirus-related distributions” from their retirement plans without paying tax. So how do you qualify? In other words, what’s a coronavirus-related…
During the COVID-19 crisis, some key tax deadlines were postponed until July 15, 2020. If your business and/or personal federal income tax return is still awaiting completion, you may have significant retroactive tax-planning flexibility. The same holds true for individuals who…
How can restaurant owners leverage their lease agreements during a pandemic? Alex Gray of Mize CPAs offers suggestions for owners to consider when looking at lease agreements. https://www.bisnow.com/national/news/retail/how-the-pandemic-might-reshape-restaurant-leases-104891
If you operate a small business, or you’re starting a new one, you probably know you need to keep records of your income and expenses. In particular, you should carefully record your expenses in order to claim the full amount…