2024 Feb

The Ultimate Checklist for Preparing Your Personal Income Tax Return

2024-02-21T16:30:06+00:00

Preparing and filing your personal income tax return can be overwhelming, especially for individuals and small business owners. The good news is that this process can become smoother and more efficient with the right information and planning. With this article, we aim to provide you with the essential items needed to prepare your tax return, [...]

The Ultimate Checklist for Preparing Your Personal Income Tax Return2024-02-21T16:30:06+00:00
2023 Nov

A Simplified Guide to Understanding the IRS Gift Tax for 2023

2023-11-17T14:03:06+00:00

Most people understand that they need to pay taxes to the government, but many are unaware of the IRS gift tax. The IRS imposes a gift tax on certain transfers of property that involve no exchange of value, such as giving money or assets to someone without receiving anything in return. Understanding the gift tax [...]

A Simplified Guide to Understanding the IRS Gift Tax for 20232023-11-17T14:03:06+00:00
2023 Mar

Is Work-Related Ridesharing a Tax Deductible Expense?

2023-03-13T20:32:22+00:00

Tax time is often stressful and you want to take all of the deductions to which you are entitled. Many of these are connected to work. For example, if you use your car for work, gas, oil, and mileage can be deducted. People who work from home and have a room dedicated as an office [...]

Is Work-Related Ridesharing a Tax Deductible Expense?2023-03-13T20:32:22+00:00
2022 May

The Top 7 Reasons Your Tax Refund Could Be Delayed

2022-05-25T20:40:55+00:00

The IRS’s turnaround time for processing taxes has become much quicker over the years, with many taxpayers receiving their refunds within three weeks. While most tax returns are processed in the first few weeks after they have been filed, there are several reasons a refund might be delayed. 1. The Tax Return Was Incomplete One [...]

The Top 7 Reasons Your Tax Refund Could Be Delayed2022-05-25T20:40:55+00:00
2022 May

What To Know About Tax Filing Past the Deadline

2022-05-25T20:38:21+00:00

April 15 is traditionally known as Tax Day, but many people don't manage to submit their forms by then. If you found yourself procrastinating beyond that date and still have not filed a tax return or extension request, don't despair. Here is what you should know about filing your taxes beyond the deadline. Special Deadline [...]

What To Know About Tax Filing Past the Deadline2022-05-25T20:38:21+00:00
2022 Mar

Still Waiting on Your W2? Here’s What To Do

2022-05-09T17:30:42+00:00

Having your Form W-2 is an essential part of being able to file taxes. That’s why every employer who you worked for over the previous tax year is required to send you a W-2 by January 31st. Those still waiting for their W-2s may be feeling anxious, but there are steps you can take to [...]

Still Waiting on Your W2? Here’s What To Do2022-05-09T17:30:42+00:00
2022 Jan

Top 3 Benefits of Hiring an Accountant to Do Your Taxes

2022-05-09T17:32:00+00:00

While you may have access to free or low-cost software that handles your taxes, you may overlook something that could cost you more than you realize. Before inputting a few numbers and answering several questions to file your taxes next year, check out the following top 3 reasons to hire an accountant to look over [...]

Top 3 Benefits of Hiring an Accountant to Do Your Taxes2022-05-09T17:32:00+00:00
2021 May

Received A Letter From The IRS? Here’s What To Do

2021-05-17T14:29:36+00:00

There are many reasons why the IRS may mail you a letter - oftentimes people jump to conclusions and think the worst. After all, receiving a letter or notice in the mail from the IRS is enough to upset anyone, as it can be scary to think you have done something that might threaten your [...]

Received A Letter From The IRS? Here’s What To Do2021-05-17T14:29:36+00:00
2021 Mar

Top 2020 Tax Filing Questions: Answered

2021-05-17T14:27:48+00:00

So many people have questions this year regarding tax returns - both personal and business alike, and it should come to no surprise, given the many challenges that the pandemic has brought on. Let’s be honest, filing taxes in general can give anyone a headache, but submitting pertinent information for your 2020 taxes can raise [...]

Top 2020 Tax Filing Questions: Answered2021-05-17T14:27:48+00:00
2017 Sep

Understanding Employee vs. Contractor Designation

2021-02-23T13:56:45+00:00

  Worker classification is important because it determines if an employer must withhold income taxes and pay Social Security, Medicare taxes and unemployment tax on wages paid to an employee. Businesses normally do not have to withhold or pay any taxes on payments to independent contractors. The earnings of a person working as an independent contractor are subject to self-employment tax. [...]

Understanding Employee vs. Contractor Designation2021-02-23T13:56:45+00:00
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