With a third round of "stimmy" (as the kids say) hitting bank accounts for the past week, 90MM+ Americans (including some of us in Jackson Heights) are once again flush with cash. It remains to be seen what this will do for the economy, but combined with what seems to...

Events are happening fast in tax world, and we are VERY busy here at Eakub A. Khan CPA P.C.. But this is a good thing -- we've been preparing for this season all year, and we love to serve.We knew that there would be unexpected curve balls this year, but "rewriting...

The "American Rescue Plan" has been finalized. And there are things about the new stimulus update our Jackson Heights clients should know.While I normally write weekly, there is information in this strategy note that you need to know about now that might even impact...

Despite what you might think, being a tax accountant is NEVER boring.We have all kinds of fun amusements that keep us going.We play little games like: "Guess The New Tax Law That Will Change Returns That Have Already Been Filed" -- catchy title, I know, and we get to...

I mentioned last week the key provisions of the "American Rescue Plan," while it was just proposed legislation.Now that the House has passed it, there is more meat on those bones. I'll run it all down for you once it's been signed by the President, but the key...

We're diving in, with sleeves rolled up, with a bunch of our Jackson Heights area tax preparation clients in creating the best tax return possible for their 2020.Get on our list here: 718-424-6300But here at Eakub A. Khan CPA P.C. we're also keeping an eye on the...

On Friday, the IRS began accepting tax returns and people like me all around the country started buckling up for what is already quite a ride.With new PPP loans for Jackson Heights small business owners, credits aplenty in all of the variety of stimulus bills, DELAYS...

We can't electronically submit tax returns to the IRS until Friday, February 12. Nobody can.But that doesn't mean we can't help you get started. In fact, we're already in process with a few Jackson Heights clients, and more and more are contacting us every day.If you...

This is the time of year when we are normally opening up to file returns on behalf of Jackson Heights clients, and taking a breath of "calm before the storm".Not this year though. Not only is actual tax filing delayed until February 12, but Congress made their...

Every year within the independent tax and accounting business community here in Jackson Heights (and on various online channels), we have a little fun laughing at the newest TurboTax or Block commercials. Last year, it was "all people are tax people". This year,...

It seems so long ago (it was only last week) that we were cueing the fireworks and celebrating leaving 2020 in the rearview.But after all of the events of the past week, it seems wise that we might adjust to the fact that the world around us is not what it might have...

Say it with me again: it's a whole new year. 2020 is in the rearview...And 2021 is starting with some very nice treats for regular families in the clunkily-named "Coronavirus Response and Relief Supplemental Appropriations Act of 2021", also known as the "Consolidated...