2021… Updates to the Employee Retention Credit 7 Oct 202122 Oct 2021 Updates to the Employee Retention Credit In early August of this year, the IRS released additional guidance on the Employee Retention Credit. For 2021, the credit was expanded to allow…
Uncategorized Follow Us On Instagram!!! 7 Feb 2021 I finally caved and created an Instagram page! Follow us to see behind the scenes tax prep, get money saving tips and practical advice about taxes. Follow Goode_Tax! If you’d…
2021 How to Make Estimated Tax Payments 27 Jan 202126 Jan 2021 If you are paid a salary and receive a W-2 from your employer, part of your paycheck goes to Uncle Sam as federal withholding. These are payments toward your taxes.…
2021… Deductibility of PPP-Related Expenses 26 Jan 202126 Jan 2021 One of the biggest tax issues of 2020 has been clarified with the signing of the Consolidated Appropriations Act, 2021, (CAA 2021), and that was whether expenses that are normally…
2021… Should Your Business Become Cash-Free? 11 Jan 202126 Jan 2021 A cashless business is one that processes all cash transactions electronically. There is no paper or coin money taken or handled. While no one society has become 100 percent cashless…
2021… What Do I Need to File for the 2021 Tax Season? 11 Jan 202128 Dec 2020 What you need to file your taxes depends on your individual situation. If you are a single person who earns your income from investments you would need to have 1099-DIVs…
2021… IRS Tax Tip: How people can give back by becoming an IRS-certified volunteer 8 Jan 202127 Dec 2020 IRS Tax Tip 2020-174, December 18, 2020 The IRS and its community partners are looking for people around the country to become IRS-certified volunteers for the upcoming tax season. These long-standing programs offer…
2021… IRS Tax Tips: Identity Protection PIN Program will soon be available to taxpayers nationwide 6 Jan 202127 Dec 2020 IRS Tax Tip 2020-168,December 9, 2020 In January, the IRS Identity Protection PIN Opt-In Program will be expanded to all taxpayers who can properly verify their identity. An Identity Protection…
2021… IRS Tax Tip: Most taxpayers can deduct up to $300 in charitable contributions without itemizing deductions 4 Jan 202127 Dec 2020 COVID Tax Tip 2020-170, December 14, 2020 Following tax law changes, cash donations of up to $300 made this year by December 31, 2020 are now deductible without having to…
2021… IRS Tax Tip: Small businesses should make sure to use the right form when filing employment tax returns 1 Jan 202127 Dec 2020 IRS Tax Tip 2020-173, December 17, 2020 Some small businesses pay employment tax quarterly while others may pay it just once a year. The IRS advises small business owners to…