by Candy | Sep 22, 2020 | Bookkeeping, Business, Featured, Sales Tax, Shared, Taxes
Many states are taking advantage of the rise in telecommuting due to the 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 from...
by Candy | Sep 17, 2020 | Business, Community, News, Taxes
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 | 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 9, 2020 | Featured, 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...
by Candy | Aug 14, 2020 | Featured, Taxes
The IRS is moving Non-Employee Compensation reporting, previously 1099 MISC-box 7, to a new form called the 1099-NEC. This change takes effect for the 2020 tax year, so reports filed in 2021 and later will need to utilize the new form if filers meet any of the...
