by Godwin Obimah, EA. | Blog
With all the floods, fires, hurricanes, and other events that happened in 2019, it turned out to have been a very expensive year for natural disasters.Then…2020 rolled in and said, “Wait until you see what I’ve got!”For decades, a little-known federal loan...
by Godwin Obimah, EA. | Blog
Every year, the IRS charges tax debtors a boat load of penalties.Just how much? If you’re in Charlotte and you owe taxes, you should definitely take a look…To put this in perspective, the IRS budget for 2021 is about $12 billion. That means the entirety of IRS...
by Godwin Obimah, EA. | Blog
The return of March Madness this past week was a big reminder of everything that has happened in just one year. In my opinion, it was the canceling of this event in 2020 that made the entire nation (including those of us in Charlotte to) sit up and take notice that...
by Godwin Obimah, EA. | Blog
With the passage of the American Rescue Plan Act AND the CARES Act, the government is seemingly trying to go “full Oprah” with all of the credits, grants, and such that they are slinging out to Charlotte small businesses…And while the media headlines...
by Godwin Obimah, EA. | Blog
Well, it doesn’t look as if the minimum wage increase is happening.But all kinds of other interesting nuggets are inside the Senate version of the third stimulus package, the “American Rescue Plan” (i.e. the Biden stimulus).Now, portions of...
by Godwin Obimah, EA. | Blog
Recently, I saw some data on the US Census Bureau website that was both encouraging and troubling at the same time. I would imagine Charlotte business owners who might face tax problems would be interested in seeing this:(Here is the page from which this is...
by Godwin Obimah, EA. | Blog
We are knee deep in tax forms with the 3/15 deadline looming for corps.On top of that, of course, Congress continues to throw new things our way. The House passed the “American Rescue Plan” and there are stimulus-ish things to pay attention to.One...
by Godwin Obimah, EA. | Blog
We’re keeping our powder dry over here at Allied Tax & Accounting Consultants, LLC, as it relates to the “American Rescue Plan” proposed by Biden. There’s plenty of talk about it … but as of yet, nothing has passed.I prefer to live...
by Godwin Obimah, EA. | Blog
I am simultaneously eager while also being slightly horrified that tax season has officially begun.Horrified, simply because the IRS has been significantly behind the 8-ball this year, and I still can’t believe that we’re already halfway through February...
by Godwin Obimah, EA. | Blog
During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of Bloomberg):AOLBlockbusterRadio ShackCircuit CityCompUSASearsHotJobsYahooVoiceStream WirelessGateway ComputersThe year was...