July 2021 Business Due Dates

July 1 - Self-Employed Individuals with Pension

July 2021 Individual Due Dates

July 1 - Time for a Mid-Year Tax Check-Up

IRS Unveils Online Tool to Register for Monthly Child Tax Credit Payments

Article Highlights: Increased Child Tax Credit High Income Phaseout

The IRS is Resuming Collection & Enforcement Activities That Were Paused During COVID-19

Article Highlights: IRS Resuming Collection & Enforcement

3 Reasons Paying Your Bills Early Will Benefit You

If there's anything we all learned from 2020, it's that things can

Accounting for Restaurants: A Guide to Setting Your Business up for Success

Operating a restaurant is a dream for many, but there's a lot more to it than meets the eye.

Tax Deductions Related to Charity Auctions

Article Highlights: Purchase of Items at Charity Auction Auction Donor

COVID-19 Vaccination Proof: What's Allowed?

As more employers bring employees back to the workplace and navigate new CDC guidance

Exit Strategy: How to Create One for Your Small Business

Owning your own small business is a dream

2021 - the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers

Article Highlights: Child and Dependent Care Credit Workers

Haven't Received Your Tax Refund Yet?

Article Highlights Slow Refunds COVID-19 Economic Impact Payments Recovery Rebates Unemployment Debacle 

Stripe - An Entrepreneurial Success Story

Stripe, a company valued at $36 billion, is headquartered in San Francisco, CA

Tax Issues Related to Renting Your Vacation Home

Article Highlights: If You Don't Rent Your Property If You Rent Your Property

Taxes and Divorce

Article Highlights: Filing Status Claiming the Children as Dependents

Recordkeeping Tips to Keep the IRS Away

Article Highlights: Tax Recordkeeping Tips 

Did You File Before Congress Passed the Unemployment Tax Exclusion? Here is How the IRS is Handling the Situation

Article Highlights: American Rescue Plan Act Unemployment Income Exclusion Early

Mergers and Acquisitions 101 for Small Business Owners

If you're a small business owner or an aspiring entrepreneur, mergers and acquisitions probably sound like

Here's What Happened in the World of Small Business in May 2021

Here are five things that happened this past month that affect your small business.

June 2021 Business Due Dates

June 15 - Employer's Monthly Deposit Due

June 2021 Individual Due Dates

June 10 - Report Tips to EmployerIf you are an employee who works for tips and received

Tax Planning to Help New Franchisees

Franchise investment can be a wonderful opportunity,

Don't Lose Your Passport Because of Unpaid Federal Debt

Article Highlights: Notice CP508C Seriously Delinquent Tax Debt State Department Certification

President Biden's American Families Plan Would Give IRS Authority to Regulate Tax Preparers

When President Joseph R. Biden announced his $1.8 trillion

7 Different Types of Income Streams for Your Business

No matter what type of business you operate, you rely on having a predictable flow

Made a Mistake on Your Tax Return - What Happens Now?

Article Highlights: Tax Return Mistakes are Common Fixing Tax Return Mistakes Amended Return Superseding Retur

4 Ways to Stop Your Overspending

If opening your credit card bills, your checkbook or your wallet are traumatic events,

Are You at Risk for A Trust Fund Penalty?

Article Highlights: Withholding Trust Funds Trust Fund Penalty Responsible Persons

Unpaid Debt Taking Your Tax Refund?

Article Highlights: Bureau of the Fiscal Service Allowable Refund Offsets Disputing an Offset Injured Spouse C

How Biden's Proposed American Families Plan Might Affect You

Article Highlights: Education Benefits Education, Teachers and Educators Child Tax Credit

The Tax-Filing Deadline Is Around the Corner

Article Highlights: Extensions Balance-Due Payments Contributions to Roth or Traditional IRAs

Tax-Free Grants for Restaurants

Article Highlights: Restaurant Revitalization Fund Eligible Entities Application Good-Faith Certification

Here's What Happened in the World of Small Business in April 2021

Here are five things that happened this past month that affect your small business.

Easily Check the Status of Your Refund

Article Highlights: Your Federal Tax Refund Status Can Be Checked Online Delay When Claiming

IRS to Automatically Adjust Prior Filed 2020 Returns with Unemployment Income

Article Highlights Prior Filed Returns with Unemployment Income American Rescue Plan's $10,200 Exclusion IRS

Managing out-of-State Employees: The Payroll Tax Conundrum

As the COVID-19 global health event continues, employees across the country are still working at home and will

Tax Filing Deadlines Are Rapidly Approaching

Article Highlights:Filing Due Date Balance due payments Contributions to a Roth or traditional IRA Estimated

Writing Off Your Business Start-Up Expenses

Article Highlights: $5,000 First-year Start-up and Organizational Expense Write-off Timely Filing Requirements

SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000

As U.S. businesses continue to recover from COVID-19's economic devastation,

Archegos Margin Call: What Happened and Why Wall Street is Shocked

In what is being called 'one of the single greatest losses of personal wealth in history,'

How Employee Stock Options Are Taxed

Article Highlights: Non-statutory Option Wage Income Statutory (Incentive) Options Capital Gains ...

Entrepreneur Success Stories: Zapier

Success leaves clues.

Defer Taxes with Installment Sales

Article Highlights: Capital gains rates Surtax on net investment income

The US Loses Out On $1 Trillion a Year Due to Tax Cheats, IRS Estimates

As part of its oversight role, Congress is constantly assessing the economic health of the United States,

May 2021 Business Due Dates

May business due dates

May 2021 Individual Due Dates

May due dates

Running a Trading Business – and What it Means for Your Taxes

The average American taxpayer is not aware that people who officially qualify as running a trading business re

How to Protect Your Data in QuickBooks

After the unprecedented year we've just experienced, the last thing you need is to have your accounting data

Owe Taxes and Can't Pay by the Due Date?

Article Highlights: If you can't pay Loans Credit card payments IRS Installment agreement 

Live Updates: The Latest COVID-19 News for Taxpayers and Small Business Owners

Live Updates: The Latest COVID - 19 News

Qualified Small Business (QSB) Stock Gain Exclusion: Who Can Take Advantage and How to Do It

Originally, selling stocks identified as having Qualified Small Business status

Refund Statute Expiring: Don't Miss Out!

Article Highlights: The refund statute expires on May 17, 2021 for unfiled 2017 returns. 

Qualified Small Business (QSB) Stock Gain Exclusion: Who Can Take Advantage and How to Do It

Originally, selling stocks identified as having Qualified Small Business status was viewed as offeri

How to Protect Your Data in QuickBooks

After the unprecedented year we've just experienced, the last thing you need is to have

Solar Tax Credit Extended for Two Years

Article Highlights:Credit AmountsDeceptive AdvertisingRefundabilityWorth the Cost?Qualifying PropertyWhen Is t

March 2021 Business Due Dates

March 1 - Payers of Gambling Winnings File Form 1096, Annual Summary and Transmittal of U.S. Information Retur

March 2021 Individual Due Dates

Video: Interaction between PPP Loans and the Employee Retention Credit

5 Ways a Higher Credit Score Could Benefit You in 2021

Employee Retention Credit Extended

Interaction between PPP Loans and the Employee Retention Credit

Video: Standard Mileage for 2021 Announced

Buckle Up for 2021: 4 Compliance Trends to Watch

Day Trader Rules and Tax Treatment