by Candy | Apr 16, 2021 | Business, Featured, Shared, Taxes
In past years the IRS has reported a low number of audits of small businesses, however they have stated that in the future they intend to increase by about 50%. This is hard on all of our small businesses because of a list of things such as COVID-19, complex tax law...
by Candy | Apr 8, 2021 | Business, Featured, Payroll, Shared, Taxes
Are you an employer that allowed your workers to defer their payroll taxes in 2020 into the year 2021? Or are you an employee whose employer allowed you to defer these amounts and you’re wondering now when those taxes need to be withheld and paid? The Cares Act...
by Candy | Mar 26, 2021 | Business, Taxes
As you prepare your 2020 tax return, you’ll likely be looking to reduce your tax liability with any deductions and/or credits for which your business is eligible. According to CPA Practice Advisor, there are several payroll tax-saving opportunities you may wish to...
by Candy | Mar 23, 2021 | Business, COVID-19, Featured, Taxes
On December 21, 2020, both houses of Congress passed a bill known as The Consolidated Appropriations Act of 2021. The Act, which went into effect six days later on December 27th, included a highly anticipated stimulus package to aid individuals and businesses during...
by Candy | Mar 18, 2021 | Business, Featured, Shared, Taxes
We all know how important it is to protect our Social Security numbers from identity theft. But are you aware that you should be just as diligent in protecting your business tax ID number? Thieves are on the lookout for information that will help them pretend to be a...
by Candy | Mar 11, 2021 | Business, Taxes
https://youtu.be/IrDTmyhpv7k In 2020, did you earn income as a gig worker or renting out property through Airbnb or other rental property websites? Are you aware that this income is subject to tax? Even if not taxed as an employee, even if you don’t...
