Fall Tax Planning May Be Wise
Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can cost you mon…
Month: September 2021
The Obscure Research Credit
Article Highlights:
Credit Purpose
Credit Amount
Simplified Credit Calculation
Failure to Take Advantage of the Credit Small Business Features
Qualified Research Expenses
Business Qualifications
Complications to the IRA-to-Charity Distribution Provision
Individuals are required to begin taking distributions from their IRA when they reach a certain age. That age was 70½ until Congress passed the SECUR…
Video tip: Is It Time for Your Estimated Tax Payment?
Are you withholding enough tax for the year 2021, or do you need to prepay additional tax? Watch this video for common situations where you will need to adjust your withholding or make an estimated tax payment.
Video tip: How to Respond to an IRS Letter
An IRS letter sent to your mailbox may bring good news or bad news. It may just provide more information about your account, but it could also require a response on your part which you should not ignore or delay. If there are issues with your tax return, it is advised that you seek assistance from tax experts to avoid paying any unnecessary costs.
The IRS Backlog Is Causing Taxpayer Heartburn
Before the COVID-19 pandemic, the IRS was getting refunds out swiftly and responded to calls and correspondence in a reasonable amount of time. Howeve…
Here’s What Happened in the World of Small Business in September 2021
In this small business breakdown, we discuss important current events that are affecting small businesses across the United States. Here’s the top n…
8 QuickBooks Online Tips
There are always more things to learn about the applications we use every day. Here are some tips for expanding your use of QuickBooks Online….
Filing as Married Separate? Better Read This.
Married taxpayers have two options when filing their 1040 or 1040-SR tax returns. The first and most frequently used filing status is married filing j…
As the Pandemic Continues, Managing Restaurant Cash Flow Becomes Critical
Here are some of the cash flow management strategies that have helped other restaurants expand their clientele, pay their bills, and keep their doors …
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