Posts by jnrllc

Jarrard, Nowell & Russell grows N. Charleston team

Charleston, S.C. –Jarrard, Nowell & Russell, LLC (JNR), a Charleston-based accounting and business advisory firm, has added Charity C. Wright as a staff accountant in the firm’s N. Charleston office.       As staff accountant, Wright will prepare tax returns, review financial statements, and perform monthly bookkeeping duties. Prior to joining Jarrard, Nowell &…

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IRS will move tax filing deadline to July 15 as coronavirus spreads

The IRS is moving its national income tax filing day ahead to July 15, three months after the normal deadline for Americans to send in their returns, Treasury Secretary Steven Mnuchin announced Friday. The move is the latest in a series of emergency measures to deal with the financial fallout of the coronavirus pandemic. “At @realDonaldTrump’s…

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US Postpones April 15th Tax Payment Deadline

WASHINGTON—The U.S. government will postpone the April 15 tax-payment deadline for millions of individuals, giving Americans another 90 days to pay their 2019 income-tax bills in an unprecedented move. The IRS, using authority under President Trump’s national-emergency declaration, will waive interest and penalties as well, Treasury Secretary Steven Mnuchin said at the White House Tuesday.…

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It’s Not Too Late to Make an IRA Contribution

Be sure to tell the IRA trustee that the contribution is for 2019. Otherwise, the trustee may report the contribution as being for 2020 when they get your funds. Generally, you can contribute up to $6,000 of your earnings for tax year 2019 (up to $7,000 if you are age 50 or older in 2019).…

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Jarrard, Nowell & Russell names James Boswell staff accountant

 Charleston, S.C. – James Boswell has joined Jarrard, Nowell & Russell, LLC (JNR), a Charleston-based accounting and business advisory firm, as staff accountant.   Working out of the firm’s downtown office, Boswell prepares tax returns, assists with audits, researches tax issues, and performs monthly bookkeeping services for clients. He previously worked as the night auditor…

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What to Do If You Are Missing Important Tax Forms

If you are ready to file your taxes but are missing important tax forms here’s what you should do: Form W-2 You should receive a Form W-2, Wage and Tax Statement, from each of your employers for use in preparing your federal tax return. Employers must furnish this record of 2019 earnings and withheld taxes…

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Will Russell to serve as treasurer/secretary of SCCIA board

    Charleston, S.C. – William A. Russell, III, CPA and partner with Jarrard, Nowell & Russell, LLC (JNR), a Charleston-based accounting and business advisory firm, has been elected to serve a three-year term as treasurer and corporate secretary on the South Carolina Captive Insurance Agency (SCCIA) board.   Russell, who began his career as…

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Tips for Taxpayers Who Make Money From a Hobby

Many people enjoy hobbies that are also a source of income. From soap making and pottery to calligraphy and designing jewelry, these activities can be sources of both fun and finances. However, taxpayers who make money from a hobby should know that they must report that income on their tax return. Generally, if someone has…

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Paige Catherine Haines joins Jarrard, Nowell & Russell

Charleston, S.C. – Jarrard, Nowell & Russell, LLC (JNR), a Charleston-based accounting and business advisory firm, has added Paige Catherine Haines as a bookkeeper in the N. Charleston office. In this role, Haines is responsible for recording all financial cost transactions and income, as well as analyzing and summarizing account information for clients in order…

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2020 Tax Withholding: the new Form W-4

The redesigned Form W-4 makes it easier for withholding to match tax liability. While it uses the same underlying information as the old design, it replaces complicated worksheets with more straightforward questions that make accurate withholding easier for employees. Here’s what taxpayers should know about the new Form W-4 for 2020: Five Steps The form…

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