by Katie Baker | Sep 25, 2020 | Business, COVID-19, Software
You’ve spent months pivoting your business week-to-week to cope with the changing landscape of the world amidst the global pandemic. Now that the dust has settled and your team has likely settled into a new normal of telecommuting, there is a new challenge to...
by Katie Baker | Sep 24, 2020 | Bookkeeping, Business, Payroll, Sales Tax, Taxes
What Deferral Means Are you an employee wondering if you should ask your employer about having your payroll taxes deferred through the end of the year, or are you an employer wondering if you should offer this to your employees? Listen in to hear more about this! If...
by Katie Baker | Sep 22, 2020 | Bookkeeping, Business, Sales Tax, Taxes
Many states are taking advantage of the rise in telecommuting due to the COVID-19 pandemic to trigger the establishment of a tax nexus. Unfortunately, this may create additional administrative and tax burdens for small business owners who have employees telecommuting...
by Katie Baker | Sep 18, 2020 | Business, COVID-19
Because the COVID-19 pandemic necessitated a nearly immediate change in normal workplace operations, there wasn’t a lot of time for business owners to come up with solutions to the problems that arose around telecommuting. Because of this, many small businesses are...
by Katie Baker | Sep 17, 2020 | Business, Community, News, Taxes, Uncategorized
Each year, the IRS issues their Dirty Dozen tech scams list and the 2020 information has been released. Some items that appear this year have appeared in prior years as well and one of the ones that has continued to be a problem is phishing. As you’re probably...
by Candy | Sep 15, 2020 | Business, COVID-19
If you’re a small business owner and you had your Paycheck Protection Plan loan forgiveness rejected, the latest update from the Small Business Administration (SBA) may be of some help. According to Accounting Today, The SBA’s Office of Hearing and Appeals has...
by Candy | Sep 15, 2020 | COVID-19, Taxes
The Criminal Investigation (CI) division of the IRS has recently reported a variety of scams related to the COVID-19 pandemic. Cons involving economic impact payments (EIPs) have been common over the last several months. While these operations are still a cause of...
by Candy | Sep 11, 2020 | Payroll
Are you an employer who wonders if you should offer the payroll tax holiday to your employees, or are you curious about how that tax would be repaid? Basically, the law states that payroll taxes can be deferred from September through December 2020. And recently, the...
by Candy | Sep 9, 2020 | Taxes
Are you a worker who’s collecting unemployment benefits or an entrepreneur who had assistance through your state agency? Are you aware that these unemployment benefits are taxable and you may end up with a large tax bill in 2021 for this year’s return? To...
by Candy | Sep 8, 2020 | Taxes
The IRS recently released its list of scams to watch out for in 2020. Because of recent Coronavirus tax relief measures, scam artists are targeting taxpayers more heavily than ever before. According the IRS officials, this type of criminal activity rises surrounding...
