by Admin | Jul 26, 2022 | Business Taxes, Individual Taxes, Tax Planning
Effective for 2022 and later years, Congress reduced the threshold for the Form 1099-K filing requirement from $20,000 to a mere $600. So, you might ask, what does that have to do with me? This change can impact taxpayers in several ways, some unexpected, so you may...
by Admin | Jul 21, 2022 | Individual Taxes, Tax Planning
Despite recent rounds of forgiveness for thousands of borrowers, nearly 43 million Americans are responsible for roughly $1.6 trillion in federal student loans which results in a significant long-term burden for students after graduation. The average debt...
by Admin | Jul 14, 2022 | Individual Taxes, Tax Planning
Starting July 1, 2022, the state of Virginia now requires taxpayers to submit all of their income tax payments electronically if: Any estimated tax payment exceeds $1,500; orAny extension payment exceeds $1,500; orThe total anticipated income tax liability in any...
by Admin | Jul 14, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning, Tax Scams
All taxpayers have a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them. The Right to Be InformedThe Right to Quality ServiceThe Right to Pay No More than the Correct Amount of TaxThe...
by Admin | Jul 12, 2022 | Business Taxes, Entrepreneurial, Tax Planning
Any seasoned entrepreneur will tell you that coming up with an idea for a startup is ultimately the easy part of this process. Figuring out how you’re going to get the funds necessary to make that vision a reality? That part is a bit trickier. In fact, selecting...
by Admin | Jul 5, 2022 | Individual Taxes, Retirement, Tax Planning
When was the last time you or your attorney reviewed or updated your will or trust? If it was some time ago before the passage of substantial tax law changes over the past few years, your documents may be out of date. Among the many changes was a substantial revision...
