We have added a new pafe here on the website about our Tax Planning service, which is included with our bookkeeping service. We believe that the time to handle your taxes is throughout the year, not just at the time when you write out your check when you file your annual tax forms. Let us…
If you did not yet issue the required 1099s you still have time, but time is running out. The deadline is January 31 – which is less than two weeks away. It is clearly time to make this a top priority in your busy schedule. Not convinced you need to do this now? Here are…
Mary Your Calendar Here are two important tax dates for 2023 to keep in mind. The first is January 23. That’s the start of the tax season, and the first day the Internal Revenue Service will accept tax returns in 2023 for the tax year 2022. The second date announced by the IRS is April…
The Internal Revenue Service today urged those “who paid too little tax in 2022 to make a fourth-quarter payment on or before January 17 to avoid an unexpected potential tax bill or penalty when they file in 2023.” The IRS statement added that “most income is taxable. This includes unemployment income, refund interest and income…
Here Comes the 1099-K The payments from online platforms such as Venmo, PayPal, Etsy, Uber and Facebook Marketplace are going to be reported to the IRS via a 1099-K. This change, brought on by a change in The American Rescue Plan Act of 2021, lowered the reporting threshold to $600. Business transactions of all kinds…
End of content
End of content