IRS Updates Sent Out Newsletter(09.12.2019)

DCPUncategorized

September 2019
IRS Tax Update
  1. Third Quarter Tax Estimate are due September 16, 2019 – Click Here
  2. IRS Tax Calculator for Self Employee (Entrepreneurs) – Click Here
  3. IRS Waive Tax estimate penalty – Click Here
  4. Revocation of Passports – Click Here
  5. Truckers will have to File Highway Tax starting September 3rd – Click Here
  6. Withholding Calculator – Click Here

DCP Magazine – Check Out Our 1st Edition
DCP magazine is our tool used to share information for individuals and business owners.

Over the years, we have met so many individuals in a financial crisis. What has sadden me is to hear there are providers who have misguided people. Yes, there are many qualify professionals.

How can we help? We are going to offer a workshop to share questions you should ask your next Accountant – Tax Providers. I would love for it to be Diverse Community Partners, Inc.


2nd Edition – We are working on our 2nd Edition release. Do you want to be included. – Click Here To See More
Xero – Accounting Software
According to IRS every business should have a formal Accounting system. Let me beat to the chase, Xero is $30 per month. Schedule a time for us to provide you a walkthrough how to use the system

Qualified Business Income (QBI
Many owners of sole proprietorships, partnerships, S corporations and some trusts and estates may be eligible for a qualified business income (QBI) deduction – also called Section 199A – for tax years beginning after December 31, 2017. The deduction allows eligible taxpayers to deduct up to 20 percent of their qualified business income (QBI), plus 20 percent of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income. Income earned through a C corporation or by providing services as an employee is not eligible for the deduction..

Take away – Limit your distributions, which can impact your taxable income.
Everyone needs an Accountant – Let us be yours!!
Ask how we can support you?

We are currently assisting business owners in overcoming daily challenges in the following geographies:
  • Charlotte NC Metro Area
  • North Carolina
  • South Carolina
  • Atlanta GA Metro Area
  • Connecticut
  • Georgia
  • Maryland
  • Massachusetts
  • Nevada
  • New York
  • New Jersey
  • Florida
  • Indiana
  • Pennsylvania
  • California
  • Delaware
  • Virginia


We offer virtual meetings to accommodate our busy and out of state clients.
Joseph Cortina Home Improvement Inc.
AA Better Choice In-Home Care
Diverse Community Partners, Inc
Us
Michelle Brotherton
Joyce Saint Cyr