Insights
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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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Fall 2021 Tax Updates
November 18, 2021
The 2017 Tax Cuts and Jobs Act introduced a $10,000 limit on the amount of state and local tax (SALT) deductible on individual tax returns. Several states have enacted legislation that allows for SALT deductions at the entity level for pass-through entities. This will allow an opportunity for members and partners in pass-through entities to […]
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Year-End Tax Planning
It’s that time of year to focus on year-end tax planning. With Biden's proposed tax legislation changes, 2021 is an important year for tax planning for you and your business. Early planning will allow us ample time to work together to implement tax-favorable strategies, providing tax savings this year and in the years to come. […]
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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 […]
