Category Archives: Accounting

Like Harvey, Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Irma

The following article was published by the IRS. The Internal Revenue Service today announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Irma and members of their families. This is similar … Continue reading

Posted in Accounting, Government, IRA, IRS, Personal Finance, Planning Strategies, Tax Tips | Tagged , , , ,

Don’t Take the Bait, Step 6: Watch Out for the W-2 Email Scam

The following article was published by the IRS. The IRS, state tax agencies and the tax industry today urged tax professionals and businesses to beware of a recent increase in email scams targeting employee Forms W-2. The W-2 scam – … Continue reading

Posted in Accounting, Fraud, IRS, Personal Finance, Personal Taxes, Planning Strategies, Tax Tips | Tagged , , , ,

IRS Website Provides Tools to Help Small Businesses Understand Employment Taxes

The following article was published by the IRS. The Internal Revenue Service reminds small businesses of the many free products available to help them understand and comply with the law. Products ranging from online calculators, printable calendars, step-by-step guides and … Continue reading

Posted in Accounting, EFTPS, IRS, Payroll, Self-Employed, Tax Tips | Tagged , , , ,

Tax Tips to Consider for Cash Intensive Small Businesses in the Sharing Economy

The following article was published by the IRS. Small business owners that offer goods and services through an online platform may be part of the sharing economy. Some participate part time while others operate full time. Activities such as ride … Continue reading

Posted in Accounting, Bookkeeping, EFTPS, Personal Taxes, Planning Strategies, Self-Employed, Tax Tips | Tagged , , , ,

Self-Employed Tax Guide

There are several different types of workers who label themselves as self-employed. Some call themselves freelancers, while some are part of the “on demand” economy. Still others consider themselves consultants, contractors, or even solopreneurs. Regardless of the term, one of … Continue reading

Posted in Accounting, Bookkeeping, E-file, EFTPS, IRS, Planning Strategies, QuickBooks, Self-Employed, Tax Tips, Taxes, YouTube | Tagged , , , , , , , , , , , , , , , , , , , , ,

Choosing the Correct Filing Status

The following article was published by the IRS. When taxpayers file their tax return, it’s important they use the right filing status because it can affect the amount of tax they owe for the year. It may even determine if … Continue reading

Posted in Accounting, Bookkeeping, E-file, IRS, Personal Taxes, Tax Tips, Year End | Tagged , , , ,

Working Grandparents May Be Eligible for EITC

The following article was published by the IRS. The Internal Revenue Service wants working grandparents raising grandchildren to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if they qualify. The EITC is a federal income … Continue reading

Posted in Accounting, EITC, Personal Taxes, Planning Strategies, Tax Deductions, Tax Tips, Year End | Tagged , , , , ,