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HT2 Client Update
The partners and professionals at Hamilton Tharp, LLP are pleased to provide you with our January issue of Profit Margins - a monthly newsletter designed to inform our clients of upcoming deadlines, law changes and any timely resources that will impact their personal and business operations. 

We encourage you to follow us on LinkedIn , like us on Facebook and subscribe to our YouTube Channel for even more updates! For helpful tips, explore our collection of resources . A full list can be found here.
**NEW ELECTRONIC TAX ORGANIZERS!**
  All good things must come to and end…….and be replaced with something way better! This week, we will launch our new and improved tax organizers that can be filled out electronically through your client portal . Be on the lookout for an email with instructions on this simplified and data protected organizer. We hope you like it as much as we do!
As with anything new, please feel free to reach out if you have any questions.
40 YEARS OF SERVICE!
1980-2020

450 Months
2,087 Weeks
14,609 Days
350,640 Hours
21,038,400 Minutes

Thank you to all of our clients for making this possible! We are honored to be a part of your financial success!
2020 STANDARD MILEAGE RATES
The Internal Revenue Service recently issued the 2020 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
As of January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are:  READ MORE HERE
CONGRATULATIONS TO
MATT & SHELLI LUNDGREN!

Congratulations to our own Matt Lundgren, CPA as he tied the knot at the end of 2019! We wish them joy, love and happiness as they begin their new life together. 
Married filing jointly!
THESE TAX MISTAKES ARE EASY TO AVOID AND COSTLY TO MAKE!

Many small business owners approach tax season with a can-do attitude. This entrepreneurial spirit is admirable, but when it comes to compliance, it is usually best to leave tax preparation to the experts.

Being aware of common mistakes, like failing to comply with tax laws, violating tax codes, or incorrectly filling out forms, will help you avoid errors and unnecessary stress.

1099'S MUST BE FILED BY JANUARY 31ST
Delinquent Reporting of W-2 and 1099 Forms Have Penalties! 
A reminder to employers and small businesses of the filing deadline for Forms 1099's and W-2 is January 31, 2020. Employers are required to file their copies of Form W-2's and 1099's submitted by January 31, 2020. 
HOW WILL THE 2020 FORM W-4 IMPACT INCOME TAX WITHHOLDING?
The Internal Revenue Service (IRS) recently debuted a new Form W-4 to the public. The new design aims to simplify the withholding system, replacing complicated worksheets with questions designed for the layman. The hope is that the form will help employees report more accurate amounts, allowing the IRS a better assessment of taxes paid.. READ MORE HERE
NEWS YOU CAN USE

Our New Privacy Policy READ MORE HERE

Taxpayers should be on the lookout for new scams  READ MORE HERE

Tax records - What to keep and for how long?  READ MORE HERE

How to know if it's really the IRS calling or knocking on your door READ MORE HERE

E-signature for individual tax returns available to our clients VIDEO PRESENTATION

ht2cpa.com  • (858) 481-7702