Paycheck Protection Program (PPP) Loan Explanation

Paycheck Protection Program (PPP) Loan Explanation

In a normal world, laws and guidance associated with federal and state taxation with clearly defined rules and guidelines are already difficult enough to interpret. But as with many things in this COVID-19 impacted world, “normal” is now out the window, even when it...
List of Extended Federal Tax Deadlines due to Coronavirus

List of Extended Federal Tax Deadlines due to Coronavirus

We at Culpepper CPA understand that these unprecedented times are challenging for people all over the world. Multiple deadlines have been extended to alleviate financial stress on Americans, as well as to reduce contact between individuals until we know more about the...
UPDATE: CARES Act – Federal Tax Relief Explanation

UPDATE: CARES Act – Federal Tax Relief Explanation

While there are still some things up in the air right now, we wanted to follow up on our previous blog, which you can read here, to provide an update and add some clarity to the recent Coronavirus-related tax legislation that has been enacted in attempts to help...
Important COVID-19 Tax & Economic Stimulus Update

Important COVID-19 Tax & Economic Stimulus Update

In the midst of a pandemic, we know that taxes are likely the last thing you want to think about. But in unprecedented and somewhat frightening times like these, tax legislation is one of the most frequently used tools for economic stimulus. So let us extend some...
Top 7 Tax-Saving Strategies to Consider This Tax Season

Top 7 Tax-Saving Strategies to Consider This Tax Season

Think it’s too late to lower your taxes? Think again! Here are 7 tax tips to help you lower your taxes, save money when preparing your tax return, and avoid tax penalties.  1. Contribute to your retirement accounts. If you haven’t already done so for 2019, make sure...
Are you focused on top-line growth?

Are you focused on top-line growth?

Often times, new entrepreneurs will focus on trying to drive profit and profit margins very early on. Does that sound like you?  The bottom line is certainly important. But it might be time to refocus your priorities. Top-line, bottom-line. They’re terms that are...
6 Tax Saving Strategies for Small Businesses

6 Tax Saving Strategies for Small Businesses

Running your own small business is hard enough. We’ve written down some of our best tax-saving strategies so you can get the best for your business when tax season comes around.    Start saving for your retirement. We get it: being an entrepreneur is a huge...
New Partner Introduction

New Partner Introduction

Culpepper CPA is thrilled to announce some changes around the office. At the beginning of this year, Leigh Anne Joseph and Michael Thomas were promoted to Partners at the firm.  They are two individuals who have demonstrated excellence, both in skill and in their care...
Year-in-Review with the Culpepper Team

Year-in-Review with the Culpepper Team

This holiday season, I wanted to take time to sit down with my staff, review the year, and dream together for the upcoming year. Here’s what they had to say:  1. How have you grown this year and what have you learned?  “Ha, what haven’t I learned?! I changed...
Tips for Dealing With the IRS When You Have Tax Problems

Tips for Dealing With the IRS When You Have Tax Problems

“You know what I want to do today? Call up the IRS,” said no one, ever.  I know, I know. Dealing with the IRS is never fun. It’s even less fun when you have tax problems at hand.  These issues could stem from a simple mistake on your part or on theirs. Maybe you’ve...

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