Hiring An Independent Contractor? How QuickBooks Online Can Help
Are you taking on a worker who’s not an employee? QuickBooks Online includes tools for tracking and paying independent contractors.
The COVID-19 pandemic…
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Does a Tax Deduction and a Tax Credit Result in the Same Tax Benefit?
Tax lingo, even without getting into the weeds of the Internal Revenue Code, tax regulations, IRS rulings, etc., can be confusing. Two frequently used terms that taxpayers…
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March 2022 Individual Due Dates
March 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during February, you are required to report them to your employer on IRS Form 4070 no later than…
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December 15th, 2021 marked the last deposit date for the child tax credit payment expanded under the American Rescue Plan (ARP). Though many had hoped the program would be continued, political leaders are struggling to find a way forward that…
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Article Highlights:
Hobby Versus For-Profit Endeavor
Factors Used to Determine For-Profit
Three out of Five Rule
Hobby Deductions
Sales from Collections
If you are engaged in an activity that produces income, the big tax…
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It’s hard to ignore the real-life impacts inflation is having. While gas and grocery prices are having the most immediate effect, the price of almost everything is going up. People who are looking for ways to counter the impact and preserve…
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Article Highlights:
Withholding
Other Prepayments
Tax Credits
Earned Income Tax Credit
Child Tax Credit
American Opportunity Tax Credit
Recovery Rebate Credit
These days the tax return is used for more than just collecting…
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February 2022 Individual Due Dates
February 4 - Tax Appointment
If you don’t already have an appointment scheduled with this office, you should call to make an appointment that is convenient for you.
February 10 - Report Tips to Employer
If…
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Article Highlights:
Rough tax season ahead?
Avoiding processing delays
IRS processing time
Don’t procrastinate
IRS customer service problems
This could be another rough tax season for the IRS and taxpayers. Although this…
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Now's the time!
Are you the type who makes New Year’s resolutions? Though the vast majority of those who pledge self-improvement focus on losing weight or exercising more, deciding to brush up on your bookkeeping habits may actually be smarter…
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Hiring An Independent Contractor? How QuickBooks Online Can Help
2022 Taxes, Quickbooks, Tax TipsDoes a Tax Deduction and a Tax Credit Result in the Same Tax Benefit?
2021 Tax Laws, 2022 Taxes, Accounting, Tax Planning, Tax Tips, TaxesMarch 2022 Tax Due Dates & Reminders
2022 Taxes, Due Dates, Taxes, UncategorizedWhat’s Next for the Child Tax Credit?
Tax CreditsHobby or For-Profit Activity? The Answer Makes a Big Difference for Tax Purposes
Tax TipsManaging Your Finances During an Inflationary Period
Economy, Finance Tips, InflationDon’t Think You Have to File a Tax Return? You May Be Missing Out!
TaxesFebruary 2022 Individual and Business Due Dates
UncategorizedAnother Rough Tax Season for IRS and Taxpayers?
Tax News, Tax PlanningBrush Up On Your Bookkeeping Habits
Accounting