CARROLL and COMPANY is a full service accounting firm providing tax, bookkeeping, audit, controllership, consulting and campaign compliance services to more than 1,700 clients across a broad range of industries since 1990. Our client base includes small businesses, not-for-profit organizations, political campaign organizations, medical practice groups, manufacturers, real estate management and construction companies, and many other industry areas with complex tax and audit issues. With four partners and more than 20 employees, we offer a strength and depth of resources with the accessibility and attention typically found only at much smaller firms.
If you’re getting ready to file your 2020 tax return, and your tax bill is higher than you’d like, there might still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up until the April 15, 2021 filing date and benefit from the tax...
During the pandemic, many people are working from home. If you’re self-employed and run your business from home or perform certain functions there, you may be able to claim deductions for home office expenses against your business income. There are two methods for claiming deductions. With the...
Merger and acquisition activity in many sectors slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 as the country comes out of the pandemic. If you’re considering buying or selling another business, it’s important to understand the tax implications. For tax purposes, a...
To claim a deduction for a donation of $250 or more, you generally need a contemporaneous written acknowledgment from the charity. “Contemporaneou s” means the earlier of the date you file your income tax return, or the extended due date of your return. If you made a donation in 2020 but don’t have a...
It’s understandable if you’re more concerned about your 2020 tax bill than you are about your 2021 tax situation. That’s because your 2020 individual tax return is due to be filed in less than 3 months. However, it’s a good idea to familiarize yourself with tax amounts for this year. For example,...
Although electric vehicles are a small percentage of the cars on the road today, they’re increasing in popularity.… https://t.co/s6UdCm83wg
A number of tax-related limits affecting businesses are annually indexed for inflation, and many have increased for… https://t.co/ljWDfaONap
A lower IRS mileage rate means smaller tax deductions for business miles for 2021. The optional cents-per-mile rate… https://t.co/mFIqKRiUq0
If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take require… https://t.co/i18aykuGrb
The IRS is opening the 2020 individual income tax return filing season on Feb. 12. (This is later than in the past… https://t.co/WHqtT3M61D