There are a lot of changes to be aware of this tax filing season, and Yorda Kidane, EA, CTC, NTPI Fellow® with Digital Tax Advisory, LLC is here to help you through! Digital Tax Advisory focuses on individual income tax returns, small business tax returns, proactive tax planning strategies, filing back taxes, IRS problem resolution, and small business cloud accounting. And the Digital in Digital Tax Advisory means that you can practice social distancing while getting your maximum refund since Kidane has a secure server portal to allow you to upload the documents. And if you have questions about the recent tax deadline extension, she can help with that too!
Kidane sees digital accounting as the future of accounting and she is happy to meet by Skype or Zoom so you can still talk face to face without having to leave the comfort of your house. Kidane also takes the time to walk new clients through the process so you will understand every step of her method. Typically, during a first meeting, she asks clients to bring identification information, copy of most recent tax return, dependents information, wage statements, additional income statements, real estate documents, and proof of expenses. For a digital meeting, you will be able to upload the documents to the secure server and then review them.
Just because the tax deadline has officially been moved for the 2019 tax year, doesn’t mean you should delay filing, especially if you are expecting a refund! “While the federal income tax filing due date is April 15, 2020 per IRS notice 2020-17, published this past Wednesday, the Treasury Secretary announced moving Tax Day to July 15, 2020 on Friday, March 20, 2020” Kidane shared. “The delay also includes first quarter, 2020 estimated tax payments. The deferral of federal income tax payments is now due on or before July 15, 2020, without penalties and interest, regardless of the amount owed.
There are a few things that drew Kidane to her business. First, she wants to put clients at ease. She knows how stressful tax time can be and she is here to help you through it. Secondly, she enjoys helping individuals and business owners with the complex tax code. She knows it so you don’t have to! Finally, she loves educating clients to be more proactive about their finances. It’s your money, and you should know how and where it is going. Another thing that sets Kidane apart from other tax preparers is that she is an Enrolled Agent. “I earned my elite Enrolled Agent status in 2014, which is the highest credential the IRS awards. An enrolled agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service. In addition to taxpayer representation, I often provide tax planning, business consultation services, and can prepare a wide range of federal and state tax returns.”
Kidane wants everyone to develop a Pro-Active Tax strategy. “Pro-Active tax planning is the key to keeping more of what you make. Pro-Active tax planning means scouring your income and expenses for every available deduction, credit, and opportunity.” She explains. “[I] urge Taxpayers to implement Pro-Active Tax Strategies, which offers a concrete plan for paying less tax, legally. Most tax preparers do an adequate job putting the right numbers in the right boxes on the right forms. But there’s little or no proactive tax planning.” And this is where Kidane can help you get ahead. This is especially important for small businesses since they are so close to the business it’s hard to step back and see the numbers for what they really are. She can help you identify areas where you can improve your bottom line.
You can reach Kidane and Digital Tax Advisory, LLC at online at www.digitaltaxadvisory.com, by email at Yorda@ digitaltaxadvisory.com, or by phone at 704-659-3109.
