February is traditionally the month of love, and with all the chatter about love, taxes might not be the first thing that comes to mind. I’d say for most people, love and taxes don’t live in the same universe, let alone belong in the same sentence. In the week...
The countdown has begun for those eager to get a jump on filing their taxes! But just when will all those tax forms hit your mailbox or inbox? There are numerous tax forms you may receive each year including, but not limited to: Income: W-2s, Wage and Tax Statement...
One topic accountants and small business owners are anxiously waiting to see if Congress will change the deductibility of expenses paid with Paycheck Protection Program (PPP) Loan funds. The Consolidated Appropriations Act 2021 (CAA 2021) was passed on December 27,...
Part of the fun of annual tax compliance is pulling together all the payments made throughout the year to determine who gets Form-1099. For small businesses with independent contractors, get ready for the new Form 1099-NEC replacing the 1099-MISC. The form isn’t new....
Like clockwork, as we approach the end of the year, people’s minds turn toward charitable contributions either to aid causes they’re passionate about, for the tax deduction, or both. This year there is an opportunity for some additional win-win when donating to your...
Ah, credentials. Enrolled Agent (EA). Certified Public Accountant (CPA). Certifications require time and effort but result in coveted letters at the end of a professional title. But to those outside of the industry, they mean little beyond… Uh ya… You must...
