by Admin | Aug 10, 2022 | Business Taxes, Tax Planning
What business owners need to do when closing their doors for good. (2022, August 10). Internal Revenue Service. Retrieved August 10, 2022, from https://www.irs.gov/newsroom/what-business-owners-need-to-do-when-closing-their-doors-for-good “There are a few things...
by Admin | Aug 10, 2022 | Individual Taxes, Tax Planning
New school year reminder to educators; maximum educator expense deduction rises to $300 in 2022. (2022, August 10). Internal Revenue Service. https://www.irs.gov/newsroom/new-school-year-reminder-to-educators-maximum-educator-expense-deduction-rises-to-300-in-2022...
by Admin | Aug 4, 2022 | Business Taxes, Tax Planning
With a potential recession on the horizon, most small businesses, in particular, are looking for avenues to cut costs wherever they can. However, that doesn’t mean that your business can’t still grow – you just have to be savvy about how you do it....
by Admin | Aug 2, 2022 | Individual Taxes, Tax Planning
If you are financially well off, you may want to gift money or property to family members or others you care about. If that is the case, there are some gift tax issues you should be aware of. Oh yes, the government even taxes gifts if they are large enough, so it is...
by Admin | Jul 28, 2022 | Business Taxes, Individual Taxes, Tax Planning
If you sold your home this year or are thinking about selling it, there are many tax-related issues that could apply to that sale. To help you prepare for reporting the sale you may have already made or make you aware of what issues you may face if you are in the...
by Admin | Jul 26, 2022 | Business Taxes, Individual Taxes, Tax Planning
August 10 – Report Tips to EmployerIf you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer on IRS Form 4070 no later than August 10. Your employer is required to withhold FICA...
