by Jessica Benjamin | Aug 10, 2022 | Tax Accounting
Prepare Now for Next Year’s Tax Bill Reviewing your taxes should be an on-going habit to manage next year’s income tax liability and to discover any surprises. Looking over your taxes and finances in Summer generally still leaves you time to adjust and implement...
by Stephen Griffin | Jul 25, 2022 | Accounting for Business, Accounting for State Retirement Systems, Tax Accounting
What is “Full Retirement Age”? “Full retirement age” was established at 65 years of age in the Social Security Act of 1935, but since 1935, our life expectancies have improved, the Social Security program has evolved, and “full retirement age” is now different for...
by Stephen Griffin | Jun 20, 2022 | Tax Accounting
Can I reimburse myself this year from my 529 for last year’s tuition expenses? My daughter starts college this fall, but her 529 has lost some earnings in recent months. Can I leave the money in the 529 to give it a chance to maybe recoup some of the losses? Then...
by Jessica Benjamin | Jun 16, 2022 | Accounting for Business, Accounting for Small Business, Tax Accounting
How Should a Teenager Fill Out a W-4? When anyone starts a new job, one of the first tasks as a new employee is to fill out their employee paperwork, including their W-4 What is a W-4? Everyone must pay taxes on their income. The W-4 form tells your employer how much...
by Jessica Benjamin | Jun 1, 2022 | Accounting for Business, Tax Accounting
Where’s My Refund? Where’s My Refund? CHECK THE STATUS OF YOUR FEDERAL TAX REFUND ONLINE The “Check My Refund Status” tool is easy – no logins, no passwords, but you will need your social security number or ITIN, your filing status, and...
by Jessica Benjamin | May 2, 2022 | Tax Accounting
5 Reasons You Should Have an Online IRS Account Creating an online IRS account is a quick way to always have access to your tax information. Some of the tax data available is the status of your refund or amount owed, payment history for the last five years, economic...
by Stephen Griffin | Mar 23, 2022 | Accounting for Business, Accounting for Construction, Accounting for Credit Unions, Accounting for Health Clubs, Accounting for Medical, Accounting for NonProfits, Accounting for Not-For-Profit, Accounting for Pharmaceutical, Accounting for Small Business, Tax Accounting
Does Your Business Qualify for Employee Retention Credits for 2020 and 2021? The Employee Retention Credit (ERC) was enacted in the CARES Act in March 2020 and is a tax credit applicable to employment taxes. It is a refundable credit for qualifying employee wages and...
by Jessica Benjamin | Mar 17, 2022 | Tax Accounting
Why Hire a CPA To Do My Taxes? Everyone in the work force has an opportunity to maximize their tax returns by decreasing taxable incomes and taking advantage of available deductions. A CPA understands that a tax return is never a straightforward form. Every taxpayer...
