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...

Are Your QuickBooks Getting Out of Hand? We Can Help With That

  Are Your QuickBooks a bit of a mess? Clean up your small business' bookkeeping to kick off 2022.  Article Highlights:   Crucial Reports Past-due Pay...

How Does A Non-Working Spouse Qualify for Spousal IRAs?

Article Highlights:   Compensation Requirements Spousal IRA Traditional or Roth IRA? Maximum Contribution As a result of the COVID-19 pandemic, millio...

Tax Penalties to Be Aware Of

Article Highlights: Underpayment of Estimated Tax and Withholding Penalty  Required Minimum Distribution Penalty  Late-Filing Penalty  Late-Payment Pe...

Are You a Bunching Candidate?

Article Highlights: Standard Deductions  Itemized Deductions  Bunching Strategy  Medical Expenses  Taxes  Charitable Contributions  The 2017 Tax Cuts ...

Smart Financial Moves For Gig Workers

The new "bankers' hours" is "gig work." Anyone who isn't freelancing wishes they were, and those who are lucky enough to be doing it realize how great...