Nearly 23 million California residents can expect to receive a payment as part of Governor Newsom’s new inflation relief package. Similar to the Golden State Stimulus checks received in 2021, Californians should see the money hitting their mailboxes in the form of debit cards as early as October. However, Californians who received a tax refund […]
Online Sellers Have Less Than 30 Days to Find a Bookkeeping Alternative GoDaddy bookkeeping clients recently received a surprising notice from the web hosting company: GoDaddy will permanently retire its online bookkeeping software. The news comes as quite a shock, especially to eBay sellers and other e-commerce business owners who have long depended on the […]
Summer is just around the corner, which means a lot of things are on the horizon… graduation parties, Father’s Day, and the end of Q2 for most businesses. Individual taxpayers can breathe a sigh of relief until next April. However, small business owners and those that are self-employed must remember that the Q2 estimated taxes […]
You might be searching for a new accountant next tax season if your current one follows the trend of others in the wake of the Great Resignation. While the COVID-19 pandemic has certainly exacerbated the trend of people leaving their jobs, the Harvard Business Review cites data from the Bureau of Labor Statistics (BLS) which […]
If you’re still in waiting in the IRS backlog for them to process your tax return from last year, you’re not alone. Tens of millions of Americans are still waiting on their returns — some folks have been waiting for nearly a year! Delayed processing means delayed refunds, which can cause a lot of headaches […]
Third-party payment apps to report payments of $600 or more to the IRS Third-party payment apps (also known as peer-to-peer payment processing apps) like Venmo, Cash App, Zelle, and PayPal have skyrocketed in popularity and usage for small businesses and individuals alike. They’re a convenient and simplified way to split the bill, pay rent, get […]
As of Monday, January 24, the tax season officially began. As you prepare to file your taxes, keep an eye out for two letters from the IRS: Letter 6419 and Letter 6475. These letters are not cause for concern. However, they are important for your tax filing, so make sure you hold on to them. […]
As of Monday, January 24, the tax season officially began. As you prepare to file your taxes, keep an eye out for two letters from the IRS: Letter 6419 and Letter 6475. These letters are not cause for concern but they are important for your tax filing, so make sure you hold on to them. […]
The political process can be hard to follow. Different proposals flow back and forth as possible legislation slowly takes shape. But even as the picture gains clarity, it’s hard to predict for certain what will happen. Bills constantly change through negotiation with different groups, and it’s not guaranteed that the final bill will pass. As […]
In order to fund his American Families Plan proposal, Biden has reiterated his desire to increase capital gains and dividends tax rates. With a proposed federal tax rate of 39.6% combined with average state taxes and a 3.8% net investment income tax, the wealthiest in the nation with more than $1 million in adjusted gross […]
