Corporate and LLC Structure Can Protect Sole Proprietors’ Assets
What is the difference between each? Learn more…
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Video Tips: Hearing from the IRS?
While most people dread getting a call from the IRS, the truth is that there are a few different reasons why the agency may need to get in touch. However, it’s important to beware of scammers who claim to be from the IRS in order to try and trick you into paying them money. The best way to avoid falling for these scams is to know how the IRS will actually reach out to taxpayers. Watch this video to be more informed and avoid becoming a victim of fraud.
Summer Employment For Your Child
Summer is almost here, and your children may be looking for a summer job. The standard deduction for single individuals increased from $12,550 in 2021…
What Every Employee Needs to Know About 401(k) Savings
More and more employers are offering 401(k) plans as an employee benefit, and if you have the option and are not currently taking advantage of it…
Vacation Home Rentals: How the Income Is Taxed
If you have a second home in a resort area, or if you have been considering acquiring a second home or vacation home, and with summer just around the …
Video Tips: Wondering When Your Tax Refund Is Coming?
Filing your taxes can be a daunting task, but once you have completed and submitted your tax return, you may be eager to find out when your refund will arrive. Luckily, the IRS offers a free tool called Where’s My Refund that allows you to check the status of your refund at any time.
Don’t Ignore Household Employee Payroll Tax Rules
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about…
Best Accounting Tips for Auto Repair Shops
If you own or manage an auto repair shop, then accounting and bookkeeping are likely pretty low on your list of favorite past times. Learn how to get…
Writing Off Your Business Start-Up Expenses
Unfortunately, as a result of the COVID pandemic many small firms have gone out of business. However, with the help of vaccines and the waning lethali…
Video Tips: Thinking about Bunching Your Tax Deductions?
Are you a taxpayer whose total of itemized deductions is close to the standard deduction amount for your filing status? If so, “bunching” your tax deduction may be a good choice for you. Watch this video to learn more about tax bunching and how you can do proactive planning to maximize the benefits.
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