Taxes

Article Highlights: Historically Low Interest Rates Purchase Costs Points Mortgage Payments Refinancing Property Taxes Inflation Gain Exclusion Renting Versus Owning Worksheet to Analyze Costs Housing is a big expense for everyone. The choice generally involves either renting or purchasing – and financing that purchase with

Article Highlights Additional 2020 Recovery Rebates Paycheck Protection Program (PPP) Loans & Small Business Support Clarification of Tax Treatment of Covered Loan Forgiveness Expenses Business Meals Educator Expense Unemployment Assistance Earned Income Tax Credit (Eitc) & Child Tax Credit (CTC) Cash Charitable Contributions for Non-Itemizers

COVID-19 has caused the death of over 300,000 people. There have been nearly 19 million reported cases in the United States. COVID-19 has touched nearly every aspect of the lives of every American. It has even affected finances for most Americans as well, creating waves

QuickBooks Online saves time and improves accounting accuracy in numerous ways. One example is its support for recurring transactions. It’s easy to get distracted when you’re doing dull, repetitive accounting work. That distraction leads to errors sometimes. So, besides the time you’re spending on work

January 4 - Time to Call for Your Tax Appointment - January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar becomes too crowded. January 11 -

Article Highlights: Benefits Eligible Taxpayers Rules for Students, Dependents of Others and Individuals Under the Age of 18 Due Date for Contributions   Low- and moderate-income workers can take steps to save for retirement and earn a special tax credit.  The saver’s credit, also called

Thanks to the significant challenges presented by the ongoing COVID-19 pandemic, more Americans than ever are struggling financially. With a lot of people out of work due to the staggering number of business closers, many are turning to credit cards to help make ends meet.

What is Personal Income tax? How does it affect you? Individual income tax, or what is commonly called personal income tax, is money that the government takes from a person based on the money they make. This levy is placed on salaries, dividends from investments,

Understanding the Individual Taxpayer Identification Number: What is it and why do you need it An Individual Taxpayer Identification Number is issued by the IRS for resident and non-resident foreigners, with their spouses and dependents. It is given primarily to people who do not qualify

IRS payment options There is a variety of options for taxpayers when paying their taxes. The IRS has also tried to comply with Covid-19 regulations by encouraging less in-person payments. They had also given extensions for filing taxes for the year 2019 income tax liability