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At Pine & Co., the health of our team, clients, and families is of upmost importance. In support of community health during the COVID-19 pandemic, our team has shifted to remote work. Rest assured, this temporary operational change will not impact our services. Click here for more information.

Increased Charitable Contribution Limits Under CARES Act

By | News, Small Business Owners, Taxes

Among the changes made to the tax code in response to the coronavirus pandemic (COVID-19) are two provisions under the CARES Act (Pub. L. No. 116-136) increasing the limitations on charitable deductions made in cash. Here’s what you need to know. For 2020, you will be allowed a deduction for up to $300 of your charitable contributions even if you do not itemize. Contributions made to private non-operating foundations, supporting organizations, and donor-advised funds do not qualify for this provision. In past years, your deduction for charitable contributions made in cash has been limited to 50% or 60% of your…

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Covid-19 Economic Solutions

COVID-19 Economic Solutions: Reasons for Hope

By | News, Accounting, Business Finance, Personal Finance

COVID-19 Economic Solutions: Reasons for Hope At Pine & Company CPAs, we believe there are many reasons for hope. The current plan offered by the Treasury Department would likely do wonders and keep most (if not all) businesses open in order to take advantage of economic recovery when it comes. We encourage you to take a look at the proposal by clicking below: A Current Treasury Department Proposal Pine & Company CPAs Is Here to Help We at Pine & Company CPAs are committed to supporting the success of small businesses throughout North Texas. While we are in the midst of a…

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IRS Extends Filing Deadline 2020

COVID-19 Update: IRS Extends Filing Deadline

By | News, Taxes

NOTICE: IRS Extends Filing Deadline In addition to the already-announced 90-day grace period on tax payments otherwise due on April 15th, the IRS has now extended the filing deadline by 90 days. The new deadline for filing is July 15th, 2020. This extension applies to all taxpayers who would otherwise be required to extend or file on April 15th. Thankfully, at Pine & Company, we continue to function at near-normal and full capacity thanks to our fully cloud-based operations. If you are a client of Pine & Company CPAs, we ask that you continue to work toward sending your tax-related…

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How to Help Your Small Business Survive the Coronavirus Pandemic

How to Help Your Small Business Survive the Coronavirus Pandemic

By | News, Taxes

Aside from the effects it may have on our health and personal safety, the spread of COVID-19 in the U.S. has generated economic anxiety and uncertainty on a mass scale. Among those most impacted are SMB owners and entrepreneurs who wonder, “Will my small business survive the coronavirus pandemic?” As business consultants and CPAs, we urge you to stop, breathe, and calmly consider a few important developments before making hasty decisions that could negatively impact your small business in the long run. Here are a few things to know and consider before hitting the panic button: Tax Deadline Extensions Yesterday,…

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COVID-19 Precautionary Measures: A Message to Our Clients

By | News

Pine & Company CPAs will be working remotely and closing our offices for a while. Thankfully, we are already completely cloud-based so we don’t expect this change to impact our clients’ services. It’s no secret that the world is preoccupied with COVID-19, and precautions to slow the spread of this virus are being taken everywhere we turn. After a great deal of reading, prayer, and discussions with people well versed in infectious diseases, I have decided to close the Pine & Company office for the next week and possibly longer. The health of our team, our clients, and the families…

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Make Goal Setting Easier with the SMARTER method

2020 is the Year for SMARTER Goals

By | News

January might as well be called the Month of Goal Setting (but stick with us — we’re not talking about hitting the gym).  Now’s the time to set goals for your small business. The hope of a new year and the promise of a fresh start makes it easier to clearly see what you want to achieve over the next 12 months. But goal setting must be thought-out, planned for, and stuck to, in order to be effective. (You know how the saying goes: “If you fail to plan, you’re planning to fail!”) Harness this excitement in a practical way…

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Recent Legislation May Affect Your Retirement Savings

Recent Legislation That Could Change How You Plan for Retirement

By | News, Retirement

Have you heard of the SECURE (Setting Every Community Up for Retirement Enhancement) Act of 2019? It swiftly passed in the House of Representatives in May, but was halted in the Senate and as of now, is still awaiting the vote. If you’re currently saving for retirement, looking to retire, or are an employer concerned with your retirement savings options for employees, it’s worth diving into this proposed legislation and learning how it can affect you. 

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Kevin Schneider, Tax Manager and CPA

Pine & Company CPAs Names Kevin Schneider Firm Senior Tax Manager

By | News

Pine & Company CPAs today announced that Kevin Schneider is being promoted to Senior Tax Manager at the firm, effective May 15th. With over 12 years of experience in public accounting and with a current specialty in real estate and general business tax planning and preparation, Schneider has become an integral player in the firm’s success. Schneider’s recognition is received on the tail of his outstanding work at Pine. Now acting in the capacity of Senior Tax Manager according to all industry and internal firm standards, he has been exceptional in taking full ownership of managing the tax unit of…

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New IRS scam

Notice: New IRS Scam Warning

By | News, Taxes

**NOTE: The IRS will never contact you by phone or email. Never give someone claiming to be the IRS by these means personal information. The IRS will always send an official USPS mail letter to correspond with you. Have you received an email or automated phone call from the IRS? The IRS is warning of a new scam hackers are using to acquire your personal information and money. It begins with hackers infiltrating your employer’s or tax preparer’s databases and stealing your personal and financial information. Some of the current scams include using that information to then file a false…

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How the New Tax Reform Impacts Businesses

By | Taxes, News

To learn how the new tax reform will impact individuals, click here. As you are very likely aware, Congress finally passed the tax reform legislation today. There is a tremendous amount of language in this bill that will impact business taxes, and it will take us some time to get our heads fully wrapped around it to devise the most optimal planning techniques for our business clients to take advantage of it all. In the meantime, here are some of the more salient points and how this bill will likely impact our clients. The c-corporation tax rate cuts are significant….

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How the New Tax Reform Impacts Individuals

By | Taxes, News

To learn how the new tax reform legislation will impact businesses, click here. The tax reform legislation passed by Congress significantly changes the landscape for individuals beginning January 1, 2018, and continuing for many years to come. The vast majority of the new tax law only impacts future tax years. For many taxpayers, the changes made by the legislation present a host of tax planning challenges and opportunities going forward. Due to the elimination or limitation on itemized deductions, and the elimination of personal exemptions, a key consideration in planning for 2018 is to first look at ways to lower…

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summary of proposed tax reform legislation

Summary of Proposed Tax Reform Legislation

By | News, Taxes

  The US House of Representatives recently released their first draft (and second draft) of congress’ much anticipated tax reform bill (H.R. 1).  Significant tax reform may actually be passed this year, and it looks possible that it will offer the greatest sweeping changes to the US tax code in more than 30 years.  Although H.R. 1 is likely to see many changes before becoming law and its passage is uncertain, taxpayers should be aware of what has been released by congress and how it may impact them. As CPAs that have spent uncountable hours helping our clients understand and…

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Press Release

By | News

Mike Pine CPA, PC Acquires Keller Based Tax Firm, Pine & Company, CPA’s PLLC new Pine & Company logo Companies to merge and rebrand as Pine & Company CPAs Keller, Texas (January 28, 2015) – Mike Pine CPA, PC recently announced it has signed a definitive agreement to acquire Pine & Company, CPA’s, PLLC; a Keller based bookkeeping, tax, and business consulting firm. The acquisition allows Mike Pine CPA the opportunity to offer clients a wider range of services and better serve the accounting needs of costumers within the Dallas-Fort Worth metroplex. As part of the acquisition, both companies will…

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