LaQuerre Audi, LLC

The technicalities of bookkeeping may rise as your company grows. Take your financial complexity into account when choosing between hiring an accountant or a bookkeeper. We are here to help make that easy for you. Give us a call today at 860-747-4559 to schedule a consultation!

Are you buying a home with someone you aren’t married to? If so, the IRS says that you may each be entitled to deduct the portion of the mortgage interest and real property tax you pay. This is true even if only one of you receives a Form 1098, Mortgage Interest Statement, from the lender and/or a property tax statement from the local taxing authority. However, certain conditions must be met. For example, the house must be the principal residence for both of you. You also must both be legally obligated to pay the expenses and you must have paid them during the year. Contact us at 860-747-4559 with your questions, or get more information in the sixth answer here: https://bit.ly/42dfoOg

Starting a new business? Then you need to set up your accounting. To find out more, call our office at 860-747-4559 to schedule your first appointment with us. We can help you lay down a proper foundation.

Take control of your finances today with an expert in accounting services! If you’re a small business owner looking for accounting support, we’re here to simplify your financial journey and help you turn your vision into value! Contact us now at 860-747-4559.

As any parent with a child in college knows, higher education is expensive. If you’re paying college costs for yourself or certain other people and money is tight, you might consider tapping your traditional IRA. Generally, if you’re under age 59½, tax law imposes a 10% “early withdrawal” penalty tax, unless an exception applies. One exception allows you to take an early, penalty-free IRA withdrawal to pay qualified higher education expenses during the tax year. The qualified expenses must be for you, your spouse, your child, stepchild or adopted child. To learn more about other early withdrawal exceptions: https://bit.ly/4c4JAyT. Contact us at 860-747-4559 with questions.

The deadline for filing your 2024 individual income tax return will be here before you know it! Get all your documents in order and file your return on time - we're here to help! Schedule an appointment with us today at 860-747-4559.

We’re Hiring! Seasonal Tax Preparer Job Overview Our CPA firm is seeking a detail-oriented and knowledgeable Tax Preparer to join our team. As a tax preparer, you are responsible for submitting tax forms on behalf of clients. Duties include interviewing clients about their income and expenses, preparing tax returns on their behalf and acting as a liaison between clients and tax entities when needed. Responsibilities: Prepare or review federal and state income tax returns for individual, corporate, partnership and other tax returns. Analyze financial information to ensure compliance with tax laws. Knowledge of Lacerte or Ultra Tax is a plus. Position requires a minimum of 5 years of tax related experience. Must be able to work independently and manage multiple engagements in a fast-paced environment. Excellent analytical skills with the ability to analyze financial data effectively. Strong communication skills to interact effectively with clients and team members. Compensation based on experience. We are looking for an immediate hire so apply and let’s get started! Please send your resume to: jphillips@laqcpa.com

There's no sure way to predict an IRS audit, but these 19 audit red flags could increase your chances of drawing unwanted attention from them. Need an accountant? Why wait? Call us today at 860-747-4559 to schedule a consultation! https://bit.ly/3anzb2V

Taxpayers born before 1951 need to take required minimum distributions (RMDs) by Dec. 31 to avoid penalties. RMDs are the mandatory withdrawals from many traditional IRAs and retirement plans, including SIMPLEs and SEPs. Roth IRAs aren’t subject to RMDs during the owners’ lifetimes. RMDs are taxable income and can incur penalties if not withdrawn on time. Previous tax law required RMDs to begin at age 72 and imposed a penalty of 50% on missed withdrawals. The SECURE 2.0 Act raised the age to 73 and lowered the penalty to 25% (or 10% if corrected within two years). Contact us soon at 860-747-4559 for help calculating the correct amount for your RMDs. Here’s more from the IRS: https://bit.ly/48oNYXC

Remember to check the estimated timelines of your charitable donations to ensure the transfers are complete before the end of the year! If you want to take advantage of the deduction this year but are unsure of which charity you want to support, consider a donor-advised fund (DAF) as tax deductions are immediate, but payouts from the DAF can be made later based on your suggestions. Have questions on your year-end tax planning? Look no further! We're here to assist you every step of the way. Call 860-747-4559 today!