Bookkeeping tips from Vernoia, Enterline + Brewer, CPA LLC.
The Internal Revenue Service reminds taxpayers of their reporting and potential tax obligations on income from transactions from digital assets and foreign sources or holding certain foreign assets.
Digital Asset Reporting, Foreign Revenue, and Foreign Assets Read More »
The Internal Revenue Service reminds taxpayers of their reporting and potential tax obligations on income from the gig economy and service industry.
IRS Reminder to Report All Gig Income Read More »
Taxpayers Should Check if Their Tax Withholding is Just Right There are good surprises and there are bad surprises. Generally, a tax-related surprise is probably unwanted. To avoid tax surprises, people should review their tax withholding.
Not Too Much, Not Too Little Read More »
Teachers go above and beyond for their students, often buying classroom supplies needed to make learning successful.
Teachers: Classroom Supplies May Be Tax Deductible Read More »
There are a few things business owners need to do before they close their business.
What Business Owners Do When Closing Their Doors for Good Read More »
The IRS encourages businesses to begin planning now to take advantage of tax benefits available to them when they file their 2022 federal income tax return. This includes the enhanced business meal deduction.
The Enhanced Business Meal Deduction Read More »
For many new grads and other people entering the workforce for the first time, filling out new hire paperwork can be confusing—what’s a W-4, anyway?
New Workers Need to Know About Income Tax Withholding Read More »
Tax credits and deductions can help lower the amount of tax owed. All taxpayers should begin planning now to take advantage of the credits and deductions they are eligible for when they file their 2022 federal income tax return next year.
Understand Eligibility for Credits and Deductions Read More »
Here’s How Businesses Can Deduct Startup Costs From Their Federal Taxes When starting a business, owners should treat all eligible costs incurred before beginning to operate the business as capital expenditures that are part of their basis in the business.
Starting a Business? Tax Tips Read More »
Taxability and Reporting of Payments from Coronavirus State and Local Fiscal Recovery Funds The Internal Revenue Service provided answers regarding Coronavirus State and Local Fiscal Recovery Funds (SLFR Funds).
Taxability of Coronavirus State and Local Fiscal Recovery Funds Read More »