Stitely and Karstetter Sponsors Annual Golf Tournament on October 21 All proceeds raised will benefit “Paws of Honor” charity
On Thursday, October 21, Stitely and Karstetter will once again sponsor their annual charity golf tournament at TopGolf in Ashburn, VA. All proceeds raised will benefit “Paws of Honor,” which supports our nation’s retired military and law enforcement dogs. All...
Safely Dispose of Old Documents and Materials at Stitely and Karstetter’s October 16th Shredding Event
Are boxes of old documents and sensitive materials cluttering up the corners of your home or office space? Need a place to dispose of them safely? Then Stitely and Karstetter’s shredding event on Saturday, October 16 is just the solution you’ve been waiting for! Held...
S&K Sponsors October Networking Event – “Life as an S Corp Owner” Registration is Now Open
Are you a business owner who is looking to learn more about becoming an S Corp? Then you won’t want to miss “Life as an S Corp Owner, ” an important networking event sponsored by Stitely & Karstetter. The event is FREE and will be held at The Capital Grill in...
Pension Plans 101 – What You Need to Know
A pension plan is a type of retirement plan where employers promise to pay a defined benefit to employees for life after they retire. This is different from a defined contribution plan, like a 401(k), where employees put their own money in an...
Stitely & Karstetter Sponsors October Networking Event – “Life as an S Corp Owner”
Are you a business owner who is looking to learn more about becoming an S Corp? Then you won’t want to miss Stitely & Karstetter CPA’s upcoming networking event : “Life as an S Corp Owner. ” The event is FREE and will be held at The Capital Grill in Fairfax,...
CPA Q&A: Child Tax Credit
Now that July is here, many of our S&K clients who are full-time parents or caregivers to school-aged children, have begun receiving their Advance Child Tax Credit payments from the IRS. Most families will receive the first half of the credit in advance monthly...
Foreign Bank and Financial Account Holders Have Until October 15 to file FBAR Report
Any U.S. citizen, resident or domestic legal entity who missed the April 15 deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) will receive an automatic extension until October 15, 2021 – and an extension need not be requested. Who must...
IRS Issues Refunds on Unemployment Insurance Taxes to Certain Taxpayers
In mid-May, the IRS began issuing refunds on 2020 unemployment insurance taxes to some taxpayers. The refunds have been sent on a rolling basis, with single filers receiving theirs first, including those without children and those who did not claim any refundable tax...
Which Meals Qualify for the 100 Percent Expense Deduction?
In early April, the IRS released guidance explaining when the temporary 100 percent deduction for restaurant meals is available, and when the 50 percent limitation on the deduction for food and beverages continues to apply. Under section 274(n) (1) of the tax code, a...
$3,600 Child Tax Credit: What S&K Clients Should Know
Many of our S&K clients are parents of eligible dependents and qualify for the child tax credit which President Biden included in his American Families Plan earlier this spring. This plan offers parents a credit of up to $3,600 per eligible child, and payments...