Articles page 74 of 91.
- February 24, 2020
Are You Following Best Practices in QuickBooks Online?
“Best practices” are recommendations for the most effective way to get things done. Are you following standard procedures in QuickBooks Online?
Read → - February 24, 2020
Congress Adds More Uses for College Savings Plans (Sec 529 Plans)
Congress originally created the Qualified State Tuition Plan, often referred to as the Sec 529 Plan, as a tax-beneficial incentive for parents, grandparents, an
Read → - February 24, 2020
Congress Removes IRA Contribution Age Restriction
In the past, unlike Roth IRAs, which have no age restriction associated with making a contribution, taxpayers were unable to make a traditional IRA contribution
Read → - February 24, 2020
Did You Pay Tax on Home Mortgage Debt Relief in 2018? You May Be Entitled to a Refund
Whenever a taxpayer’s debt is forgiven, whether it is credit card debt, home mortgage debt, an auto loan, or other debt, that forgiven debt – referr
Read → - February 24, 2020
IRS Letters: Tax Scam or Something You Need to Address?
Received a letter from the IRS? Stop, breathe, and contact your tax professional. Then follow these steps.
Read → - February 24, 2020
Mortgage Insurance Premium Deduction Retroactively Extended
For tax years 2007 through 2017, when taxpayers itemized deductions, they could deduct the cost of premiums for mortgage insurance on a qualified personal resid
Read → - February 24, 2020
New Twist Added to the IRA-to-Charity Provision
Ever since 2006, individuals age 70½ or older have been able to transfer up to $100,000 annually from their IRAs to qualified charities.
Read → - February 24, 2020
New Twist for Kiddie Tax with a Refund Opportunity
Your dependent child who worked during the year or had investment income, such as interest or dividends, may be required to file a tax return, depending upon th
Read → - February 24, 2020
No Employees This Quarter? You Still May Need to File IRS Form 941
As an employer, you have plenty of obligations when it comes to filing taxes. Among these is the need to file IRS Form 941, the Employer’s Quarterly Feder
Read → - February 24, 2020
The Home Energy Saving Tax Credit Is Back
The Residential Energy (Efficient) Property Credit was initially introduced in 2006. The credit’s name is somewhat misleading, and the credit is best desc
Read → - February 20, 2020
Congress Extends Employers' Hiring Tax Credit for Another Year
Employers that hire disadvantaged individuals, such as unemployed veterans, SSI recipients, and ex-felons, among others, may benefit from a substantial federal
Read → - February 14, 2020
The Best Approach to Paying off Your Debt Quickly? It’s Unique to You
From the Avalanche Method to the Snowball Method and everything in between, here are some tips to pay off debt quickly depending on your unique situation.
Read → - February 13, 2020
March 2020 Business Due Dates
Here are the March 2020 Business Due Dates
Read → - February 13, 2020
March 2020 Individual Due Dates
Here are the March 2020 Individual Due Dates
Read → - February 6, 2020
Childbirth and Adoption Penalty Exception Added
If you are looking for cash for a specific purpose, your retirement savings may be a tempting source. However, if you are under age 59½ and plan to withdraw mo
Read → - February 5, 2020
Video Tips On What To Do If You Receive An IRS Deficiency Notice
Video: Learn tips on what to do if you receive an IRS deficiency notice.
Read → - January 29, 2020
Video: Tax Extenders and Tax Return Amendment Opportunities
Learn about the tax extenders and retroactive provisions for 2018
Read → - January 27, 2020
5 Things You Need to Know About Sales Taxes in QuickBooks Online
Looking for simple ways to improve your financial health in 2020? Try these tips to start building up your savings for the new year.
Read → - January 26, 2020
Budget Tips for Covering A Surprise Tax Bill
If this tax season brings you a large, unexpected tax bill, these are the steps you should take to ensure you don’t get into further trouble with the IRS.
Read → - January 26, 2020
Congress Allowing Higher Medical Deductions for 2019 and 2020
Medical expenses are deductible as an itemized deduction but only to the extent they exceed a percentage of a taxpayer’s adjusted gross income (AGI). For
Read → - January 26, 2020
Do I Have to File a Tax Return?
This is a question many taxpayers ask during this time of year, and the question is far more complicated than people believe. To fully understand, we need to co
Read → - January 26, 2020
Don't Be Duped by Clever Scammers
You may think we harp on you a lot about protecting yourself against identity theft and tax scams. You are right… but we do it because having your identi
Read → - January 26, 2020
Employer's Pension Startup Credit Substantially Increased
If you are considering establishing a qualified pension plan for your business, you may be entitled to the Credit for Small Employer Pension Startup Costs. Elig
Read → - January 26, 2020
The Difference Between an Audit, a Review, and a Compilation
There are key differences between compilations, reviews, and audits – and they’re important to know when it’s time for financial documents to
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