Reminder: Deferred Social Security Payments Due 12/31

Article Highlights: Installment Due Date COVID 2020 Relief How To Repay This is reminder for employers and self-employed individuals that chose to def...

Important Information for S-Corp Shareholders and Partners of a Partnership

Article Highlights: Schedule K-2 and K-3 Filing Requirements Background Fast Forward to the Present Domestic Entity K-2/K-3 Filing Exception Partner o...

What Is Business Cash Flow?

  As the name suggests, cash flow is a term used to describe the money coming into and out of a business. Cash received - like money being paid to the...

Looking Ahead to 2023 Taxes

  Article Highlights: Solar Credit Home Backup Electric Storage Battery Credit Home Energy Improvement Credit Research Credit Clean Energy Vehicles (N...

How to manage your money during a recession

  According to one recent study, the probability of the United States experiencing a recession in the next year hit 96% in October 2022. If you needed...

Do You Have a Hobby or a Business Activity? Your Answer Matters A Lot…

Highlights of the article:   Hobby vs. For-Profit Business   • For-Profit Factors  • The Three-Out-of-Five Rule  • Hobby Deductions  • Sales from Coll...

How to Set Automatic Reminders On QuickBooks

Hmm. Late-paying customers. They're not always easy to deal with. Some clients and customers are also business associates, peers, colleagues and even ...

The Future of Child Tax Credit in Charlotte

Article Highlights: Past changes to child tax credit Senators and their opinions on what should happen in 2022 Owing funds  Advance credit payments Le...

2022 Standard Mileage Rates IRS Update!

Did You Catch the Standard Mileage Rates for 2022 IRS Announcement? Highlights:   Important Considerations for 2022 Switching Between the Actual Expen...

Have You Been Stuck On Hold With the IRS For Hours This January?

We look into the customer service and staffing issues at the IRS Highlights of the article: Are you in for a long tax season? Avoiding delays in proce...