Posts Tagged ‘tax’
Tuesday Tax Tip
As Dorian approaches, IRS reminds preparation for natural disaster Secure key documents and make copies think tax returns, birth certificates, deeds, titles and insurance policies. Put in waterproof containers in a secure space. Duplicates should be kept with a trusted person outside the disaster area. A backup scan on flash drive is another way to…
Read MoreTuesday Tax Tip – Distribution Checks
Tuesday Tax Tip – Distribution Checks The IRS released a ruling that retirement plan distribution checks must be taxed even if the check hasn’t been cashed. An individual’s failure to cash the distribution check received in 2019 does not permit one to exclude the amount of the designated distribution from gross income for that year…
Read MoreMCA to the Rescue: a Case Study
When you consider IRS penalties, fines and interest due, an MCA (Merchant Cash Advance) can pay corporate taxes today at a lower cost than when you can afford to pay the taxes. Jackie Fields (actual MCA Case, but name has been changed to protect privacy) needed additional working capital fast. Due to shortages of certain…
Read More7 BasicTax Tips
7 Simple business steps can save untold hours of labor, confusion and misery when you prepare for tax season.
Read More16 US State Tax Holidays 2019
Back-to-School? See personal tax savings list here. Sixteen US States are having Sales Tax Holidays to give stressed parents a break in back-to-school costs. If you are buying spcific items within the tax exempt guidelines offered by these states during the posted dates, you will not be charged sales tax from participating vendors. To make…
Read MoreCryptocurrency Meets Accounting
Cryptocurrency is rocketing to the forefront. When so many are purchases are made electronically, why wouldn’t currency follow and evolve? But today, many businesses are still trying to answer the question, how does basic accounting and cryptocurrency intersect and how can you protect your totals? Before we discuss a new monetary system, we should clarify. …
Read MoreHow Your Accountant’s Conference Can Benefit Your Business
The month of June is not normally regarded as important in terms of accounting deadlines. But June and July are known in the accounting industry as the Accountant Conference months. So many industry conferences are held in June and July that there are lists of the top Accounting Conferences so firms can determine which best…
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