Taxes

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.

iling annual wage reports is just one of the many end-of-year responsibilities expected of every business. But the task is not as straightforward as some would think. The reports get sent to the people who have received wages, and at the same time they get

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

IRS letters: Everything you need to know The Internal Revenue Service (IRS) sends out communication with taxpayers every day. These letters are sent out for a variety of reasons and are not a reason for you to panic. IRS letters can be sent when you

I moved! How to notify the IRS that your address changed We all move for different reasons. Sometimes it is for work, other times to get closer to family, or maybe to get a change of scenery. What is important is that you remember is

As the end of the tax year approaches, it is worth spending a few minutes reviewing some of the changes that have been made in the tax laws surrounding donations to charities. In some cases, this guide will serve as a refresher regarding revisions made

Operating a small business is an exhilarating and, at times, overwhelming endeavor. There are so many details to keep track of that it’s easy to forget about the nuts and bolts of your organization’s finances – especially if you didn’t start out as a “numbers