Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.
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What Happened to Form 1040A and Form 1040EZ?

Prior to the 2018 tax year, when you filed your personal income tax return with the IRS, you had a choice of three basic tax forms to select from: Form 1040, Form 1040A, and Form 1040EZ. The one you used depended on the deductions and credits you were planning to take. Well, no more. The […]

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The Types of Small Business Retirement Plans

Small business retirement plans come in a number of different shapes and sizes. Some are easy to set up and use, while others offer scalability and flexibility. Whether you’re a sole proprietor or have hundreds of employees, there’s a retirement plan to suit your specific needs. Here are the four main types: Self-employed 401(k) If […]

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Is the New Tax Law Contributing to Declines in MLB Attendance?

Attendance at Major League Baseball games this year is reportedly down a little more than five percent over last year’s numbers. While there may be a number of reasons for this, including poor weather and competition with other forms of entertainment, is it possible that the new Tax Cuts and Jobs Act has something to […]

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1-800Accountant’s Savage Named a Glassdoor Top CEO in 2018

1-800Accountant CEO Michael Savage has received a 2018 Glassdoor Employees’ Choice Award honoring the Top CEOs in the category of small and medium-size businesses (SMB) in the U.S. Glassdoor, one of the world’s largest job and recruiting sites, annually recognizes CEOs rated highly by employees. Savage received an impressive 96% approval rating based on the […]

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Top 5 Most Popular States for Small Businesses

You can start a business anywhere, but your chances of success may vary depending on where you are. Not all cities and states are equal when it comes to the business environment and local regulations.  Securing finances and funding as you start a small business will look different from city to city, and so will […]

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What To Know About Filing Tax Extensions

Going to be late filing your personal or business tax return this year? Maybe you had an illness or family emergency. Maybe you don’t have all the documentation you need, or maybe your business is going through a transition that caused you to be late in getting your numbers together. No matter your reason, if […]

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A Walkthrough of How to Fill Out Form 1040A

Form 1040A is one of the three tax forms — along with Form 1040 and Form 1040EZ — that most taxpayers use to file their annual tax returns. Compared to Form 1040 and Form 1040EZ, Form 1040A is more of an in-between option. It is shorter and less detailed than the traditional Form 1040, and it also offers more […]

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How to Fill Out Form 1040EZ

U.S. taxpayers use Form 1040 to file their annual income tax returns. Before 2018, there were 3 versions: 1040, 1040-EZ, and 1040-A. However, the IRS updated the Form 1040 and simplified the 3 versions into 1. What Changes Were Made to Form 1040? Forms 1040,1040A and 1040EZ have been replaced with one Form 1040 that all taxpayers will […]