by Candy | Feb 28, 2020 | Business
In the current age of the technological revolution, mobile devices have become widely used in nearly every facet of life. Most Americans use their phones for almost all of their daily activities, from transportation and travel to shopping and dining. In fact,...
by Candy | Feb 25, 2020 | Taxes
IRS Requires Tax Exempt Organizations to E-file Forms Due to a change in legislation, tax exempt organizations who previously filed hard copies of Forms 490 (Return of Organization Exempt from Income Tax,) 490-PF (Return of Private Foundation or Section 4947(a)(1)...
by Candy | Feb 21, 2020 | Business
With the rush of holidays sales behind them, many retailers are celebrating starting the year in the black with Black Friday and Christmas profits in the coffers. Online sellers, in particular, did very well during the 2019 holiday season, with Cyber Monday sales...
by Candy | Feb 18, 2020 | News
According to the IRS, taxpayers should be on the lookout for a new type of social security number phone scam. Recently, con artists have been calling unsuspecting taxpayers and threatening to suspend or cancel their Social Security numbers, citing unpaid or overdue...
by Candy | Feb 14, 2020 | Business
According to the IRS, employers who offer paid medical and family leave to their employees may be eligible for a credit to reduce their tax liability. This employer credit for family and medical leave was added in 2018 by “An Act to Provide for Reconciliation Pursuant...
by Candy | Feb 11, 2020 | Taxes
In the event that you owe taxes to the IRS and do not have an arrangement to pay such as an extension, payment plan, offer in compromise, or “currently not collectable” status, the IRS may seek wage garnishment. IRS wage garnishments are funds taken directly out of...
by Candy | Feb 7, 2020 | Business
As a small business owner, one of the most important (albeit often overlooked) decisions that you can make for your company is selecting the legal structure that is the best fit for your needs. In this article, we will outline some of the most popular legal structures...
by Candy | Feb 4, 2020 | Community, Taxes
Between September 17th and 21st, Tropical Storm Imelda caused chaos in Texas and Louisiana, bringing up to 43 inches of flooding rain to some areas. The tempest caused at least 5 deaths and over 2 billion dollars in damages, leaving many families without homes or...
by Candy | Jan 31, 2020 | Business
If you own a business and have accrued any kind of debt, from taking out a line of credit from the bank, to a margin loan on securities, or a mortgage on the building from which your company operates, cutting interest expenses is a good way to minimize your costs....
by Candy | Jan 28, 2020 | Business, Payroll
It’s January and the mandated 1099 filing season is upon us! If filing the 1099-MISC form, you must not only send to the recipient by January 31st, but they must also be paper or electronically filed by that date with the IRS as well. Failing to do so may result in...
