by Candy | Jul 1, 2021 | Business, Featured, Taxes
Are you an entrepreneur using a home office for business purposes? Are you aware of the deduction allowing you to expense the use of this space, and that there are two different ways to calculate it? The home office deduction is one of the most sought-after (and...
by Candy | Jun 17, 2021 | Business, Community, Featured, Shared, Taxes
Have you recently moved out of state? Or are you living in one location but working in another? Are you aware you may be taxed in both states? With the ability of many employees to work remotely, some families moved from higher tax to lower taxed states in...
by Candy | May 25, 2021 | Business, COVID-19, Featured, Sales Tax, Taxes
According to Accounting Today, sales tax has increased to levels that haven’t been seen in over ten years. This means that during the pandemic, many companies had to collect even more tax revenue from online shopping. Vertex, a tax tech company, said there...
by Candy | May 21, 2021 | Business, COVID-19, Taxes
The Work Opportunity Tax Credit (WOTC) is currently in the works to become a permanent part of the tax code and is being led by a bipartisan group of Senate lawmakers. It is offering employers tax credits per worker dependent upon hiring and retaining employees from...
by Candy | May 18, 2021 | Business, Taxes
In 2020, there were quite a few changes to tax laws due primarily to COVID-19. Because of this, the NATP, the National Association of Tax Professionals, recommends that as a taxpayer you work with tax professionals to make sure that you have the most accurate tax...
by Candy | May 11, 2021 | Business, COVID-19, Taxes
Due to the continuing COVID-19 Pandemic, Congress had allowed for special rules regarding health FSAs (Flexible Spending Arrangements) under Section 125 Cafeteria Plans. They have also extended these to dependent care assistance programs. These new rules fall under...
