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New Employer Tax Credits

New Employer Tax Credits

Jun 8, 2020 | COVID-19, General IRS Information, General Tax Information

The Employee Retention Credit The Employee Retention Credit is designed to encourage employers to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in qualified wages paid to an employee by an eligible employer experiencing economic...
IRS announces Form 1040-X electronic filing options coming this summer

IRS announces Form 1040-X electronic filing options coming this summer

May 30, 2020 | Accounting, General IRS Information, General Tax Information, Income Taxes

The Internal Revenue Service announced today that later this summer taxpayers will for the first time be able to file their Form 1040-X, Amended U.S Individual Income Tax Return, electronically using available tax software products. Making the 1040-X an electronically...
Independent Contractor (Self-Employed) or Employee?

Independent Contractor (Self-Employed) or Employee?

Apr 21, 2020 | Accounting, General IRS Information, General Tax Information, Income Taxes

It is important as a business owner you properly determine whether the individuals providing your services are employees or independent contractors. I am an independent contractor or in business for myselfIf you are a business owner or contractor who provides services...
7 points to consider when selling your home overseas

7 points to consider when selling your home overseas

Mar 25, 2020 | Accounting, General Tax Information, Income Taxes, International

Under the Eligibility Test, if you have both owned and lived in your home for at least two of the last five years, then you are eligible to exclude a gain of up to $250,000 ($500,000 for married taxpayers) from tax If you don’t meet the Eligibility Test, you may...

Basics of Tax Preparation: 10 Important Questions to Answer Before You Do Your Taxes

Mar 8, 2018 | General Tax Information

For those just beginning their “work life”, tax preparation and planning is a new and usually frustrating experience.  Below are 10 questions designed to help you prepare for a meeting with a tax consultant/professional. What is my filing status? Listed below are the...

IRC 199A: What It Is & What I Should Do About It

Mar 1, 2018 | General Tax Information

A 20% deduction can be claimed by the owners of S-Corporations, Partnerships, Sole Proprietorships, and beneficiaries of trusts (all, usually, do not pay tax at the entity level). The income is passed through to the owners. IRC 199A does not usually pertain to...
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Recent Posts

  • New Employer Tax Credits June 8, 2020
  • SBA PPP Forgiveness Webinar June 1, 2020
  • IRS announces Form 1040-X electronic filing options coming this summer May 30, 2020
  • IRS Informational Videos Series May 22, 2020
  • IRS Information Hub for Economic Impact Payments: Partner and Promotional Materials May 22, 2020

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