O2 CPA Consulting Group, LLC

Your tax return is the perfect time to review your investments, make sure you’re on track to reach your financial goals, and determine the best strategy moving forward.

Read more tips on how to maximize the benefits of this time of year: https://www.o2cpaconsulting.com/2023/04/13/two-birds-one-tax-season/

Check out our annual End-of-Year Tax Letter with tax planning tips and information for individuals and business owners alike.

2020 Year End Tax Letter | O2 CPA Consulting Group This year has been unlike any other in recent memory. Front and center, the COVID-19 pandemic has touched virtually every aspect of daily living and business activity in 2020. In addition to other fin

New information about the Paycheck Protection Program, what it means, and what you can do about it.

Update on PPP Expense Deductions | O2 CPA Consulting Group New information about the Paycheck Protection Program (PPP), what it means, and what you can do about it. - Click here for more.

For important tax updates & small business relief information regarding COVID-19, please visit our blog here:
https://www.o2cpaconsulting.com/blog/

Health coverage reporting is still required. To be complete and accurate, 2018 federal tax returns must indicate whether they have health coverage. Taxpayers that had full-year qualifying health coverage may check the box on the front of the return. Those that qualify for an exemption file Form 8965 (“Health Coverage Exemptions”). Nonexempt taxpayers that didn’t have full-year coverage must report a shared responsibility payment. That payment will be reduced to zero for 2019 and beyond, due to the Tax Cuts and Jobs Act.