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Archive for category: Accounting

Home Accounting

Should You File for an Extension on Your 2020 Tax Return?

Mar 12,2021March 12, 2021
By Ferguson, Timar & CompanyIn Accounting, Finance, Tax Planning

Each year, millions of taxpayers elect to apply for an automatic extension of their time to file income tax returns...

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Tax Accounting for Rental Property Owners in 2021

Feb 05,2021February 5, 2021
By Ferguson, Timar & CompanyIn Accounting

The pandemic has been especially challenging for owners of rental properties. The unpredictable job market has impacted the income of...

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The Pros and Cons of the Home Office Deduction

Dec 15,2020December 15, 2020
By Ferguson, Timar & CompanyIn Accounting, Finance

With so many people working from home during the pandemic, the home office deduction has become a hot topic in...

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How Does the Medical Expense Deduction Work?

Sep 11,2020October 5, 2020
By Ferguson, Timar & CompanyIn Accounting

For anyone who lacks comprehensive medical insurance, a serious injury or illness can become a serious financial burden. For those...

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Tips for 2019 Tax Returns During the Coronavirus Crisis

Apr 08,2020April 8, 2020
By Ferguson, Timar & CompanyIn Accounting, Bookkeeping, Tax Planning

The coronavirus pandemic has much of life into a kind of stasis. When Treasury Secretary Mnuchin announced an extension of...

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Recent Posts

  • Key Tax Considerations for Owners of Vacation Homes
  • Taxation of COVID-Related Business Loans, Including EIDL and PPP Forgiveness
  • Tax Considerations for Real Estate Investors in 2022
  • Key Tax Calendar Dates in 2022
  • Looking Ahead to the 2022 Tax Year

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