by Candy | Mar 27, 2020 | Community, Featured, Taxes
With many small businesses struggling under the new regulations surrounding the global pandemic of COVID-19, also known as Coronavirus, the IRS has announced measures that it plans to take to assist entrepreneurs. If your business is considered small or medium...
by Candy | Mar 6, 2020 | Taxes
While preparing and filing your taxes might not be the most enjoyable experience, there is one facet of tax season that many businesses look forward to each year: refunds. If you have paid more than your fair share of taxes throughout the year and can prove so through...
by Candy | Feb 25, 2020 | Featured, 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 11, 2020 | Featured, 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 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 17, 2020 | Taxes
According to the IRS website, it has launched a new online assistant designed to help employers, especially small businesses, easily determine the right amount of federal income tax to withhold from their workers’ pay. To use the Income Tax Withholding Assistant for...