Insights

  • June 2022 Tax Updates and Tips

    June 8, 2022

    QUARTER 2 ESTIMATES The tax system in the United States operates under the premise that taxpayers remit income tax on profits as they earn it. For individuals that only have earned income from wages, that remittance is usually done by their employers. For taxpayers that have multiple sources of income (or income that is not […]

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  • March 2022 Tax Updates and Tips

    March 30, 2022

    PROPERTY TAX PRO TIPS Property taxes are a major source of revenue for local tax jurisdictions. These taxes are largely based on the appraisal of home values. Given the current real estate market, there is a refined focus in this area. Since taxing authorities set their own schedules for assessment, taxpayers in communities with frequent […]

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  • New Client Portal

    February 16, 2022

    Siegfried Advisory (SA) is excited to announce that we have invested in your client experience with us with the introduction of our new client portal!  We have partnered with a software company called Avii to improve your client experience and the way you interact with your team at Siegfried Advisory. Avii is a workspace that allows […]

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  • Early 2022 Tax Deadlines

    Hello and happy new year! As we move into the new year, the deadlines for 2021 compliance start to sneak up rather quickly. Below is a summary of the upcoming due dates in the early part of 2022: 1/17/22 – 4th quarter 2021 estimated payments are due 1/31/22 – Form 1099 & W-2 filings are due to […]

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  • June 2021 Tax Updates

    June 29, 2021

    ACA Update On June 17, 2021, a decision was rendered by the Supreme Court in CALIFORNIA, ET AL. v. TEXAS, ET AL. The challenge to the constitutionality of the Affordable Care Act was denied, leaving the law intact. Advance Payment of Child Tax Credit Starting in July, the IRS will begin issuing advance payments of the temporarily […]

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  • April 15 Deadline Reminder

    April 14, 2021

    Although the IRS and many state and local jurisdictions have extended the 2020 Individual tax filing deadline to May 17, 2021, there are a handful of tax filings and payments that still adhere to the original April 15th deadline. The tax filings that are still due this Thursday include corporation, gift, and trust filings as well […]

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  • Corporate tax proposals outlined in Biden’s proposed infrastructure plan

    April 1, 2021

    Yesterday President Biden released details on an infrastructure plan known as the American Jobs Plan. As part of this, the Made in America Tax Plan was also released; this is designed to fund a significant portion of the infrastructure initiatives. Tax reform contained in this release focuses only on corporate measures (although Biden has committed […]

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  • Current Economic Outlook

    March 16, 2021

    2021 Economic expectations and developments: As we progress into this year, we expect strong growth from 2021 driven by an economic reversion to norms (recovery) contingent on the control of the virus and roll out of the vaccine. Unemployment rates may remain higher than pre-Covid levels as some businesses continue to struggle, emerging from the […]

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  • Important Tax Updates - February/March 2021

    Treasury, IRS Extend Upcoming Filing and Payment Deadline  The Treasury Department and Internal Revenue Service announced Wednesday, March 17 that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Information on state congruence and information on quarterly filings […]

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