13 Jan How Taxes on Your PayPal and Venmo Accounts Could Change in 2022
Venmo, PayPal, and similar apps are now required to report your income to the IRS. How will this impact your taxes? Read our blog post to learn more....
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27 Dec 3 Important Things to Keep in Mind for Your 2021 Tax Return
With 2021 drawing to a close, it’s time to start thinking about what the New Year will bring. One thing’s for certain: It’ll bring tax season, and probably much sooner than you think. While every year tends to bring some minor changes to tax law,...
18 Oct How You Can Benefit from Professional Tax Planning Services
Many people take a passive approach to taxes: You fill out your return, pay what you owe (or collect your refund), then do the exact same thing again next year. However, this reactive strategy can result in you paying thousands more in taxes over the...
01 Sep Big Tax Breaks that Many Taxpayers Miss
With the standard deduction increase provided by the Tax Cuts and Jobs Act of 2017, many Americans are now opting to take the standard deduction instead of itemizing. However, if you’re one of the millions who still itemizes deductions, it’s important that you include every...
05 Aug What an Increased Tax Enforcement Push Could Mean for You
Recently, the IRS has begun hiring thousands of new tax auditors in preparation for a serious increase in tax enforcement. The push began back in June, with President Biden’s $579 billion infrastructure plan gaining headway in the Senate. Though the increased IRS enforcement was dropped...
23 Jun How to Opt Out of the Advance Child Tax Credit Payments
As part of the American Rescue Plan, the Child Tax Credit has been increased for 2021 and the IRS will be sending out monthly payments to qualifying families. These payments are set to begin next month, with the first one scheduled to hit taxpayers’ accounts...
10 Jun FAQs about the Child Tax Credit Increase and Advanced Payments
The federal government has recently announced that it will be sending out more checks to the American public. But this isn’t another round of COVID relief payments. Rather, the checks that families will be getting each month between July and December are an advance on...
13 Apr Extra Time to File: The New Tax Deadline is May 17th for Individuals
If you’re scrambling to file your return in the next few days, we have some good news for you: You may have more time than you think. The IRS has pushed the 2021 tax deadline back a month for individuals, but since May 15th lands...
19 Mar How the CARES Act Impacts Your Business’s NOL
Last year was a difficult one for many businesses. Even with assistance from the Paycheck Protection Program, a lot of small businesses experienced significant financial losses in 2020. But what you might not know is that the CARES Act enacted last year offers more than...
22 Feb What You Should Know about Deducting Energy Efficiency Upgrades
The Tax Cuts and Jobs Act introduced a few years ago began a steady decrease in the deductible amount for renewable energy and other home efficiency upgrades. Now, most of those deductions and credits will be going away at the end of this year, if...
