1-800Accountant in the News

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1-800Accountant Announces Strategic Partnership With BizFilings

1-800Accountant recently announced an innovative new partnership with BizFilings, the full-service legal and business partner for small businesses.

The White House at night during the Trump Administration.

Why you pay taxes, and rich Americans -- like Donald Trump -- don't always have to

How is it that a millionaire can pay hardly any income taxes -- or none at all -- while most people, earning far less, owe more?

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Covid Forced Millions to Work from Home. Here Are 6 Things to Know About the Home Office Deduction.

Did you turn that spare bedroom into a home office? Here's what you need to consider about the home office tax deduction.


Social Security Deferral: Big Paychecks, Long-term Concerns

You will probably see more money in your paycheck this month, but questions remain about the long term implications and if it is prudent to spend that money.


This Payroll Tax Cut Could Defer Social Security

On Aug. 8, President Donald Trump signed an executive memorandum that would defer payroll tax obligations “in light of the ongoing COVID-19 disaster.”

Payroll tax concept. Papers, calculator and money.

How a Payroll Tax Cut Could Affect Your Finances, Now and Later

An executive memorandum that would defer payroll tax obligations is set to defer the Social Security portion of payroll taxes from Sept. 1 until Dec. 31.

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1-800Accountant Bringing New Jobs to Utah

The Utah Governor’s Office of Economic Development (GOED) is pleased to announce that 1-800Accountant will open an office in Utah, creating up to 120 new high-paying jobs in the next five years...

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Home office deductions for the self-employed

For the self-employed, home offices can be written off on taxes for a sizable deduction. However, the task comes with a set of stringent conditions after the tax law changed in 2017.Here is...

Woman reviewing a piece of paper about taxes

The Federal Tax Deadline is Now July 15. Here are 4 Reasons You Should Probably Still Do Your Taxes as Soon as Possible

The IRS has postponed the tax deadline 90 days, to July 15. It's a generous gesture meant to ease the financial strain many Americans are facing as the coronavirus continues to shut down businesses and...

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All Your Coronavirus Relief Check Questions, Answered

When the Senate passed a gigantic coronavirus economic relief bill that includes checks of up to $1,200 for many Americans, a lot of people reacted like it was a done deal. But even though the House...

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CWR Interview CPA and CEO 1-800Accountant Mike Savage

Mike Savage, is a CPA and CEO of 1-800Accountant, one of the premier virtual accounting firms in the U.S. trusted by over 200,000 small and medium-sized businesses across the country...

Ripped paper with the text "What's next 2020?" laying on top of $100 bills

Y’all-TV: 1-800Accountant CEO Mike Savage

Mike Savage, CEO of 1-800Accountant, discusses the coronavirus stimulus package and how that will affect business owners across the South...

Jared King and Parag Patel sitting next to each other, the founders of Invoiced

Tech and Tax Companies Provide Free Services During Pandemic

The coronavirus pandemic has hit the United States hard and fast, and the domino effect is being felt. As people practice social distancing, they are spending less, and companies are struggling to survive...

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Two Years After The Tax Cuts And Jobs Act: SALT Cap is Still A Major Issue

Two years after the 2017 Tax Cuts and Jobs Act passed, it produced some of the most sweeping and significant changes in our industry. Both personal and corporate tax laws were changed and many of...

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$2.2T Coronavirus Stimulus Package Signed Into Law

The House passed a massive $2.2 trillion stimulus bill Friday containing tax relief for both businesses and individuals and other stimulus measures in response to the coronavirus pandemic, and President...

Man wearing a statue of liberty costume holding a sign that says "It's tax time."

The Tax-Filing Deadline is Still April 15, but the IRS Will Waive Penalties and Interest on Tax Payments for 90 Days

Very few aspects of American life, if any, remain unaffected by the coronavirus. Taxes are no exception. On Tuesday, Treasury Secretary Steven Mnuchin announced during a White House briefing that the...

Business woman at a desk reading a tax bill, looking tense

Dealing With an Unexpected Tax Bill

Each year many-a-breath is held as Americans file their taxes. Will the process end in a big tax refund? Or will an unexpected tax liability wipe out your bank account? Or maybe your situation will...

male business owner checking tax refund on computer

Am I Exempt From Federal Withholding? Do I Still Get a Refund?

Starting in January 2020, there’s a new design for Form W-4. The IRS explained that the redesign will reduce confusion for filers and enhance the transparency of the tax withholding system. Luckily...

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Free Tax Filing is Available to 70% of US Taxpayers. Here's How it Works.

Tax season 2020 begins just after the new year. Employers are required to send tax documents to workers on or before January 31, which you'll use to file your taxes for 2019. The deadline to file and...

woman on a couch reading letter about retirement contributions

Here’s What Happens If You Go Over the Limit for Retirement Contributions

When you first start saving for retirement, you might think you’ll never get to the point where you can “max out” your annual contribution. But perhaps your income has leveled up significantly since...

married couple worried while reading about tax penalty

Despite Tax Overhaul, Marriage Penalty Still Hits Many Couples

Two can live as cheaply as one, the old saying goes. Except for some high-income taxpayers. Although the Tax Cuts and Jobs Act mostly eliminated the so-called — and hated — marriage penalty, some taxpa...

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Here's Why Jeffery Epstein Likely Paid Little in the Way of Taxes

Jeffrey Epstein was worth an estimated $559 million, yet he may have paid little in the way of personal income taxes. The late financier, accused of sexually assaulting and trafficking girls as young...

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Making It in the Gig Economy

Dan Simms spent decades working in sales, but after more job-hopping than he preferred, he was ready for a career change. A friend suggested DogVacay, a service that linked up pet owners with people...

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I Survived An Audit (and It's So Not What You'd Expect)

It was just a regular day: I opened my mailbox, grabbed the pile of what I assumed was a combination of junk mail and bills, and then I saw it—an envelope from the IRS. At first glance, it looked like...

irs loosens tax penalty for millions

IRS Loosens Tax Penalty for Millions

The IRS said Friday that because of changes and confusion caused by the new Tax Cuts and Jobs Act, it will penalize fewer taxpayers who didn’t withhold enough federal taxes in 2018. Before the ruling...

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Your Money: Pay Yourself First? Last Is How Small Biz Often Works

Everyone knows the Golden Rule of business is to pay yourself first. But more than half of small business owners are going months without pay - if they are taking any at all. About a quarter of these...

crumpled up 1040 IRS tax form

Tax Experts Share the 6 Biggest Mistakes People Make when Filing

The process of filing taxes can be daunting and complex, so it can be easy to make a mistake if you’re not careful — and these tax mistakes can end up costing you. So I spoke to top tax experts to...

Woman calculating investing money while owing tax money

How to Invest When You Owe the IRS

If you are an investor who will owe the IRS, you still have some options to put your money to work until your tax bill comes due. Many taxpayers would rather withhold too much money from their...

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11 Million Americans Could be Affected by a Big Change in Trump's Tax Plan, and a CPA Says He's Getting Frantic Calls About It

The first tax season under President Donald Trump's new tax law is underway, and a new rule isn't sitting well with some taxpayers. Among several changes to the US tax code, the Tax Cuts and Jobs Act...

woman wearing glasses reading about tax write offs on a laptop

What Does It Mean To Write Something Off On Your Taxes? Tax Experts Explain

When it comes to doing taxes, there are people who write off expenses — such as freelancers and entrepreneurs — and those who don’t. There are also those who know it would financially benefit them to...

Woman with head on tax documents, holding a calculator and pencil

Worried About Getting a Tax Refund? When Should You Hire a Pro to Do Your Taxes?

Tax season so far has been full of surprises, as Americans navigate the biggest tax code changes in decades. Most who have a simpler tax return will manage just fine with the tax preparation software...

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What If I Mess Up On My Taxes? You'll Want To Act Quickly

Tax season is here again, and it can sometimes feel a little overwhelming. There's tons of paperwork to fill out, and several different ways to file it all. It's only natural to ask: What if I mess up...

Woman talking on the phone and reading about freelance taxes on her laptop

How To File Your Taxes If You’re A Freelancer

If you freelance — either as your primary job or your side hustle — the way you file your taxes will be different than someone who works a salaried position and gets a W-2. And, the more jobs and 1099s...

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With Tax Season Underway, Shutdown Weighs on IRS

The longest government shutdown in history could not have come at a worse time for the IRS, the National Taxpayer Advocate has told Congress. The IRS was heading into its first filing season under...

Woman sitting at desk reading about new tax laws on a laptop

The IRS Says Filing Taxes Under Trump's New Law Should be 'Seamless' for 90% of Americans

The first tax season under President Donald Trump's new tax law is underway. The IRS started accepting tax returns on Monday, January 28. You can start filing as soon as you receive a W-2 form — or a...

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The IRS is Accepting Tax Returns During the Partial Government Shutdown, and Experts Say You Should File ASAP

Tax season won't be delayed due to the partial government shutdown. The IRS is still accepting tax returns and is allowed to issue refunds, it said in a press release this week. The announcement comes...

Man putting envelope into IRS drop box

No Matter How Long the US Government is Shutdown, Americans Should Still File Their Taxes ASAP

Tax season got a little more challenging due to the partial government shutdown. The Wall Street Journal's Richard Rubin reported this week that taxpayers who file early in the season may not receive...


Get Dialed In for Busy Season 2020 with These Remote Tax Prep Jobs

Winter is coming, as is Tax Season 2020. The folks at 1-800Accountant don’t want to see tax professionals left out in the cold, not putting their tax preparation skills to good use during the busy...

Michael Savage named a top glassdoor CEO

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

1-800Accountant CEO Michael Savage has won a Glassdoor Employees’ Choice Award honoring the Top CEOs in 2018 in the U.S. SMB category. Glassdoor, one of the world’s largest job and recruiting sites...