May 27, 2021

Tax Return Mistake?

My Tax Return for 2020 Has Been Filed – What If I Find Out I Made A Mistake? Generally speaking, tax return mistakes are a lot […]
April 21, 2021

You Can Expense Business IT Purchases

Many businesses will be able to expense (write off as a tax deduction) all such assets purchased and placed in service before the end of the […]
April 21, 2021

How to Evaluate Your Business Idea Before Diving In

They say that everybody has at least one good novel in them, and many people feel the same way about ideas for a successful business. If […]
April 21, 2021

Don’t Be a Victim to Scammers Impersonating the IRS

Thieves use taxpayers’ natural fear of the IRS and other government entities to plan their scams, including e-mail and phone scams, to steal your money. They […]
March 17, 2021

Tax Consequences of Crowdfunding

Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number of sites host money-raising projects for fees generally ranging […]
March 17, 2021

Required Minimum IRA Distributions Will Resume in 2021

As part of the CARES Act, the requirement for older taxpayers to take required minimum distributions (RMDs) from their retirement plans was waived for 2020. This […]
March 17, 2021

Keep Up With Payables: Paying Bills in QuickBooks

This month, we’ll discuss paying your bills in QuickBooks. Open up Quick Books and click Pay Bills on the home page or open the Vendors menu and select Pay Bills. The […]
March 17, 2021

Tax Deductions Without Itemizing

Most taxpayers think they have to itemize their deductions to claim them on their tax return. However, that is not entirely true. There are certain deductions […]
March 12, 2021

The American Rescue Plan Act Passed – How Does This Affect You?

The American Rescue Plan Act has passed and includes a third, much-anticipated, economic impact payment (EIP). This is one of several government measures intended to help […]