by Candy | May 6, 2021 | Business, COVID-19, Taxes
https://youtu.be/WBHfvLB8Z0k Are you an individual or business owner behind on tax payments to the IRS? Has the COVID-19 Pandemic negatively impacted your income and ability to pay your liabilities? You may be able to use a first-time penalty abatement waiver or...
by Candy | May 4, 2021 | Taxes
About a decade ago the IRS created an Identity Protection PIN Program. This program gave people with confirmed identity fraud protection against further fraud happening. An IP PIN is a personalized, 6-digit numerical code for taxes; and is known only to taxpayers and...
by Candy | Apr 23, 2021 | Business, Taxes
Many families take advantage of 529 College Saving Plans and don’t realize how to use them for tax benefits without risking their financial aid. It’s imperative withdrawals from these savings plans are for the correct reasons in order to avoid income tax; for...
by Candy | Apr 22, 2021 | COVID-19, Taxes
https://youtu.be/vmVeoUs57so Are you a college student (or the parent of one) wondering how financial aid is going to affect your taxes? Are you concerned COVID grants are taxable income or will affect your future financial aid? I have great news for you! Emergency...
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...