by candy | Jun 23, 2023 | IRS, Taxes, Video Blogs
As an entrepreneur, you are required to report certain payments to the IRS made to vendors each year on Form 1099. To do so, you must ask them to submit a form W-9 Request for Taxpayer Identification Number and Certification. If you receive a notice from the IRS that...
by candy | Apr 25, 2023 | Featured, News, News Letter, Taxes
The Inflation Reduction Act (IRA) was recently passed by the U.S. Congress to combat rising inflation. The act includes several provisions that affect tax items, including changes to the standard deduction, the alternative minimum tax (AMT), and the estate tax. Let’s...
by candy | Apr 11, 2023 | Taxes
Are you at the age where you must take required distributions from your investments? Did you know if you have a traditional IRA that you can receive tax advantages by making cash donations to an IRS-approved charity through your IRA? Those who are age 70 ½ or...
by candy | Jan 31, 2023 | Taxes
Are you interested in learning about year-end tax strategies so that you can minimize your tax burden? Although we are early in the year, it’s never too soon to think about options you have to reduce your tax due. But be sure to take action no later than December 31st...
by candy | Jan 24, 2023 | News Letter, Taxes
Are you an employer that noticed a higher federal unemployment tax payment (known as FUTA) in January 2023 for your 2022 payroll taxes? Do you wonder why you had to make this payment (especially if you had paid your FUTA in full in prior quarters?) This additional tax...
by candy | Jan 6, 2023 | IRS, Taxes
The IRS recently announced that taxpayers may notice a smaller tax refund beginning in 2023 compared to the last two years. This is primarily due to the lack of government financial support in 2022. In the previous years, citizens had been able to receive additional...
